Caprock Group LLC Buys 998 Shares of Barrick Gold Corp (NYSE:GOLD)

Caprock Group LLC lifted its position in Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 0.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 202,547 shares of the gold and copper producer’s stock after purchasing an additional 998 shares during the period. Caprock Group LLC’s holdings in Barrick Gold were worth $4,029,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Exchange Traded Concepts LLC lifted its stake in Barrick Gold by 198.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,407 shares of the gold and copper producer’s stock worth $28,000 after purchasing an additional 935 shares in the last quarter. Clean Yield Group bought a new position in shares of Barrick Gold in the first quarter worth $25,000. Eastern Bank purchased a new stake in shares of Barrick Gold in the third quarter worth $32,000. Crewe Advisors LLC boosted its stake in Barrick Gold by 628.8% during the second quarter. Crewe Advisors LLC now owns 1,822 shares of the gold and copper producer’s stock valued at $30,000 after buying an additional 1,572 shares during the period. Finally, JFS Wealth Advisors LLC grew its position in Barrick Gold by 451.7% during the third quarter. JFS Wealth Advisors LLC now owns 1,909 shares of the gold and copper producer’s stock worth $38,000 after buying an additional 1,563 shares in the last quarter. 62.85% of the stock is currently owned by institutional investors.

Barrick Gold Price Performance

Shares of NYSE:GOLD opened at $17.21 on Tuesday. The company’s fifty day moving average is $19.65 and its 200 day moving average is $18.49. The company has a quick ratio of 2.06, a current ratio of 2.65 and a debt-to-equity ratio of 0.14. Barrick Gold Corp has a 52 week low of $13.76 and a 52 week high of $21.35. The stock has a market cap of $30.08 billion, a PE ratio of 18.51, a PEG ratio of 0.39 and a beta of 0.56.

Barrick Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date is Friday, November 29th. Barrick Gold’s dividend payout ratio (DPR) is presently 43.01%.

Analyst Ratings Changes

Several analysts have weighed in on GOLD shares. Argus raised Barrick Gold from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Thursday, August 29th. Raymond James lowered their target price on shares of Barrick Gold from $26.50 to $26.00 and set an “outperform” rating on the stock in a research note on Thursday, September 26th. TD Securities dropped their target price on shares of Barrick Gold from $27.00 to $26.00 and set a “buy” rating for the company in a research report on Friday, November 8th. UBS Group lowered shares of Barrick Gold from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $23.00 to $22.00 in a report on Wednesday, October 30th. Finally, Royal Bank of Canada raised their price objective on shares of Barrick Gold from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $23.90.

Barrick Gold Profile

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.