Lebenthal Global Advisors LLC Has $611,000 Stake in Barrick Gold Corp (NYSE:GOLD)

Lebenthal Global Advisors LLC raised its position in Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 31.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,396 shares of the gold and copper producer’s stock after acquiring an additional 9,414 shares during the quarter. Lebenthal Global Advisors LLC’s holdings in Barrick Gold were worth $611,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. lifted its stake in Barrick Gold by 19.9% in the 3rd quarter. Principal Financial Group Inc. now owns 483,613 shares of the gold and copper producer’s stock valued at $9,630,000 after purchasing an additional 80,366 shares during the last quarter. Mizuho Markets Americas LLC raised its stake in Barrick Gold by 21.7% in the third quarter. Mizuho Markets Americas LLC now owns 2,317,580 shares of the gold and copper producer’s stock valued at $46,097,000 after buying an additional 413,012 shares during the period. Entropy Technologies LP acquired a new stake in shares of Barrick Gold in the third quarter valued at approximately $3,711,000. Aigen Investment Management LP boosted its stake in shares of Barrick Gold by 330.5% during the 3rd quarter. Aigen Investment Management LP now owns 99,240 shares of the gold and copper producer’s stock worth $1,974,000 after acquiring an additional 76,186 shares during the period. Finally, Crocodile Capital Partners GmbH increased its holdings in shares of Barrick Gold by 97.3% during the 4th quarter. Crocodile Capital Partners GmbH now owns 1,460,000 shares of the gold and copper producer’s stock worth $22,630,000 after acquiring an additional 720,000 shares during the last quarter. Institutional investors own 62.85% of the company’s stock.

Analyst Ratings Changes

GOLD has been the subject of a number of research analyst reports. CIBC cut shares of Barrick Gold from a “sector outperform” rating to a “neutral” rating in a research report on Monday, November 25th. Scotiabank downgraded shares of Barrick Gold from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the stock from $23.00 to $19.00 in a report on Tuesday, January 21st. Cibc World Mkts cut shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. TD Securities cut their price objective on shares of Barrick Gold from $26.00 to $25.00 and set a “buy” rating for the company in a research report on Tuesday, November 26th. Finally, Citigroup decreased their target price on Barrick Gold from $23.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, December 20th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Barrick Gold presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.92.

Barrick Gold Price Performance

Barrick Gold stock opened at $16.08 on Tuesday. The stock’s fifty day moving average price is $16.42 and its two-hundred day moving average price is $18.31. The firm has a market cap of $27.76 billion, a PE ratio of 17.28, a price-to-earnings-growth ratio of 0.30 and a beta of 0.54. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.65 and a quick ratio of 2.06. Barrick Gold Corp has a one year low of $13.76 and a one year high of $21.35.

Barrick Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date was Friday, November 29th. Barrick Gold’s dividend payout ratio (DPR) is presently 43.01%.

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.