Shell Asset Management Co. Raises Stake in Barrick Gold Corp (NYSE:GOLD)

Shell Asset Management Co. grew its holdings in Barrick Gold Corp (NYSE:GOLDFree Report) (TSE:ABX) by 4.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 23,158 shares of the gold and copper producer’s stock after buying an additional 900 shares during the quarter. Shell Asset Management Co.’s holdings in Barrick Gold were worth $338,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Lebenthal Global Advisors LLC lifted its holdings in Barrick Gold by 13.7% in the 3rd quarter. Lebenthal Global Advisors LLC now owns 40,924 shares of the gold and copper producer’s stock worth $595,000 after buying an additional 4,934 shares during the period. Janney Montgomery Scott LLC lifted its holdings in Barrick Gold by 4.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 114,420 shares of the gold and copper producer’s stock worth $1,665,000 after buying an additional 5,008 shares during the period. NewEdge Wealth LLC purchased a new stake in Barrick Gold in the 3rd quarter worth approximately $219,000. Massachusetts Financial Services Co. MA lifted its holdings in Barrick Gold by 53.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 524,618 shares of the gold and copper producer’s stock worth $7,633,000 after buying an additional 183,076 shares during the period. Finally, Equity Investment Corp lifted its holdings in Barrick Gold by 1.4% in the 3rd quarter. Equity Investment Corp now owns 2,936,410 shares of the gold and copper producer’s stock worth $42,725,000 after buying an additional 39,197 shares during the period. Hedge funds and other institutional investors own 58.20% of the company’s stock.

Barrick Gold Stock Performance

Shares of GOLD opened at $14.67 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.07 and a quick ratio of 2.28. Barrick Gold Corp has a one year low of $13.82 and a one year high of $20.75. The firm has a market capitalization of $25.75 billion, a P/E ratio of 489.00, a PEG ratio of 0.97 and a beta of 0.58. The business has a fifty day moving average of $16.79 and a 200 day moving average of $16.29.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. National Bank Financial reiterated a “sector perform overweight” rating on shares of Barrick Gold in a report on Wednesday, January 3rd. Sanford C. Bernstein cut Barrick Gold from an “outperform” rating to a “market perform” rating in a research note on Monday, January 8th. CIBC lowered their target price on Barrick Gold from $27.00 to $23.00 and set an “outperform” rating for the company in a research note on Wednesday, February 7th. Raymond James lowered their price objective on Barrick Gold from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Friday. Finally, Citigroup lowered their price objective on Barrick Gold from $20.00 to $18.00 and set a “neutral” rating for the company in a research note on Tuesday, November 28th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Barrick Gold presently has a consensus rating of “Moderate Buy” and an average target price of $21.98.

Read Our Latest Analysis on GOLD

Barrick Gold Profile

(Free Report)

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.

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

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