Avior Wealth Management LLC Has $68,000 Stock Holdings in Barrick Gold Corp (NYSE:GOLD)

Avior Wealth Management LLC increased its stake in Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 24.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,399 shares of the gold and copper producer’s stock after acquiring an additional 659 shares during the quarter. Avior Wealth Management LLC’s holdings in Barrick Gold were worth $68,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. SouthState Corp lifted its stake in Barrick Gold by 2.2% in the third quarter. SouthState Corp now owns 468,444 shares of the gold and copper producer’s stock valued at $9,317,000 after buying an additional 10,108 shares during the period. Prospera Financial Services Inc lifted its stake in Barrick Gold by 2.4% in the third quarter. Prospera Financial Services Inc now owns 87,217 shares of the gold and copper producer’s stock valued at $1,735,000 after buying an additional 2,017 shares during the period. Caprock Group LLC raised its position in shares of Barrick Gold by 0.5% during the third quarter. Caprock Group LLC now owns 202,547 shares of the gold and copper producer’s stock worth $4,029,000 after purchasing an additional 998 shares during the period. Glass Wealth Management Co LLC raised its position in shares of Barrick Gold by 4.4% during the third quarter. Glass Wealth Management Co LLC now owns 184,230 shares of the gold and copper producer’s stock worth $3,664,000 after purchasing an additional 7,775 shares during the period. Finally, Natixis Advisors LLC raised its position in shares of Barrick Gold by 128.7% during the third quarter. Natixis Advisors LLC now owns 174,304 shares of the gold and copper producer’s stock worth $3,467,000 after purchasing an additional 98,086 shares during the period. 62.85% of the stock is owned by institutional investors and hedge funds.

Barrick Gold Stock Up 0.6 %

Shares of NYSE:GOLD opened at $18.22 on Monday. The company has a market capitalization of $31.85 billion, a PE ratio of 19.59, a price-to-earnings-growth ratio of 0.43 and a beta of 0.56. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.65 and a quick ratio of 2.06. The business has a fifty day moving average price of $19.47 and a two-hundred day moving average price of $18.53. Barrick Gold Corp has a 1 year low of $13.76 and a 1 year high of $21.35.

Barrick Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, November 29th. This represents a $0.40 annualized dividend and a dividend yield of 2.20%. Barrick Gold’s payout ratio is 43.01%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on GOLD shares. Royal Bank of Canada upped their target price on Barrick Gold from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. UBS Group lowered Barrick Gold from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $23.00 to $22.00 in a research report on Wednesday, October 30th. Scotiabank lowered their target price on Barrick Gold from $25.00 to $24.00 and set a “sector outperform” rating on the stock in a research report on Friday, November 8th. Argus upgraded Barrick Gold from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Thursday, August 29th. Finally, TD Securities decreased 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. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.