Game Creek Capital LP Has $1.55 Million Stock Holdings in Barrick Gold Corp (NYSE:GOLD)

Game Creek Capital LP cut its holdings in Barrick Gold Corp (NYSE:GOLDGet Rating) (TSE:ABX) by 39.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 100,000 shares of the gold and copper producer’s stock after selling 66,000 shares during the quarter. Game Creek Capital LP’s holdings in Barrick Gold were worth $1,550,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in GOLD. Van ECK Associates Corp lifted its stake in shares of Barrick Gold by 1.3% in the third quarter. Van ECK Associates Corp now owns 75,561,681 shares of the gold and copper producer’s stock worth $1,171,197,000 after buying an additional 995,099 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Barrick Gold by 2.5% in the first quarter. Vanguard Group Inc. now owns 56,601,028 shares of the gold and copper producer’s stock worth $1,388,423,000 after buying an additional 1,379,254 shares during the last quarter. Mackenzie Financial Corp lifted its stake in shares of Barrick Gold by 1.2% in the third quarter. Mackenzie Financial Corp now owns 19,875,209 shares of the gold and copper producer’s stock worth $307,708,000 after buying an additional 233,744 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Barrick Gold by 40.8% in the first quarter. Wellington Management Group LLP now owns 17,824,320 shares of the gold and copper producer’s stock worth $437,387,000 after buying an additional 5,164,698 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of Barrick Gold by 86.6% in the second quarter. Renaissance Technologies LLC now owns 17,457,214 shares of the gold and copper producer’s stock worth $308,815,000 after buying an additional 8,102,178 shares during the last quarter. 56.82% of the stock is currently owned by institutional investors and hedge funds.

Barrick Gold Trading Up 1.0 %

Shares of Barrick Gold stock opened at $19.42 on Wednesday. The firm has a market capitalization of $34.09 billion, a PE ratio of 18.15, a price-to-earnings-growth ratio of 11.73 and a beta of 0.28. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.76 and a quick ratio of 2.98. The company’s fifty day moving average price is $17.42 and its two-hundred day moving average price is $16.16. Barrick Gold Corp has a 52-week low of $13.01 and a 52-week high of $26.07.

Barrick Gold (NYSE:GOLDGet Rating) (TSE:ABX) last announced its quarterly earnings results on Thursday, November 3rd. The gold and copper producer reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.02. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $3.09 billion. Barrick Gold had a net margin of 16.39% and a return on equity of 5.34%. On average, analysts expect that Barrick Gold Corp will post 0.76 EPS for the current year.

Barrick Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend was Tuesday, November 29th. Barrick Gold’s dividend payout ratio (DPR) is presently 37.38%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on GOLD shares. Raymond James reduced their price objective on shares of Barrick Gold from $24.50 to $23.00 and set an “outperform” rating for the company in a research note on Friday, November 4th. Fundamental Research reiterated a “buy” rating and set a $19.90 target price (down from $23.42) on shares of Barrick Gold in a research note on Tuesday, November 15th. Royal Bank of Canada cut their target price on shares of Barrick Gold from $27.00 to $20.00 and set an “outperform” rating for the company in a research note on Monday, November 21st. Stifel Nicolaus cut their target price on shares of Barrick Gold from C$35.25 to C$33.00 in a research note on Wednesday, October 19th. Finally, Barclays cut their target price on shares of Barrick Gold from $25.00 to $23.00 and set an “overweight” rating for the company in a research note on Monday, November 21st. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Barrick Gold presently has an average rating of “Moderate Buy” and an average price target of $23.99.

Barrick Gold Company Profile

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Barrick Gold Corporation is a sector-leading gold and copper producer.  Its shares trade on the New York Stock Exchange under the symbol GOLD and on the Toronto Stock Exchange under the symbol ABX.
 
In January 2019 Barrick merged with Randgold Resources and in July that year it combined its gold mines in Nevada, USA, with those of Newmont Corporation in a joint venture, Nevada Gold Mines, which is majority-owned and operated by Barrick.

Further Reading

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Institutional Ownership by Quarter for Barrick Gold (NYSE:GOLD)

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