Natixis Advisors LLC Buys 98,086 Shares of Barrick Gold Corp (NYSE:GOLD)

Natixis Advisors LLC boosted its position in Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 128.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 174,304 shares of the gold and copper producer’s stock after purchasing an additional 98,086 shares during the period. Natixis Advisors LLC’s holdings in Barrick Gold were worth $3,467,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in GOLD. Exchange Traded Concepts LLC raised its holdings 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 during the period. Clean Yield Group bought a new stake in shares of Barrick Gold during the 1st quarter valued at $25,000. Eastern Bank bought a new position in Barrick Gold in the 3rd quarter worth $32,000. Crewe Advisors LLC increased its stake in Barrick Gold by 628.8% in the 2nd quarter. Crewe Advisors LLC now owns 1,822 shares of the gold and copper producer’s stock worth $30,000 after buying an additional 1,572 shares in the last quarter. Finally, JFS Wealth Advisors LLC lifted its position in shares of Barrick Gold by 451.7% in the third quarter. JFS Wealth Advisors LLC now owns 1,909 shares of the gold and copper producer’s stock valued at $38,000 after acquiring an additional 1,563 shares in the last quarter. 62.85% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GOLD. Raymond James cut their price objective on shares of Barrick Gold from $26.50 to $26.00 and set an “outperform” rating for the company in a report on Thursday, September 26th. TD Securities cut their price target on Barrick Gold from $27.00 to $26.00 and set a “buy” rating for the company in a report on Friday, November 8th. Scotiabank decreased their price objective on Barrick Gold from $25.00 to $24.00 and set a “sector outperform” rating on the stock in a report on Friday, November 8th. Royal Bank of Canada raised their target price on shares of Barrick Gold from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Finally, UBS Group downgraded shares of Barrick Gold from a “buy” rating to a “neutral” rating and lowered their price target for the company from $23.00 to $22.00 in a report on Wednesday, October 30th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Barrick Gold currently has an average rating of “Moderate Buy” and a consensus price target of $23.90.

Barrick Gold Price Performance

GOLD opened at $18.22 on Friday. The business has a fifty day moving average of $19.47 and a 200 day moving average of $18.52. The stock has a market cap of $31.85 billion, a P/E ratio of 19.59, a PEG ratio of 0.43 and a beta of 0.56. 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.

Barrick Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a $0.10 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.40 annualized dividend and a yield of 2.20%. Barrick Gold’s dividend payout ratio (DPR) is 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.