Sigma Planning Corp Has $269,000 Stock Position in Barrick Gold Corp (NYSE:GOLD)

Sigma Planning Corp lessened its holdings in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 14.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,535 shares of the gold and copper producer’s stock after selling 2,317 shares during the quarter. Sigma Planning Corp’s holdings in Barrick Gold were worth $269,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GOLD. Kingsview Wealth Management LLC acquired a new position in shares of Barrick Gold in the 1st quarter valued at approximately $190,000. Orion Portfolio Solutions LLC boosted its holdings in shares of Barrick Gold by 6.0% in the first quarter. Orion Portfolio Solutions LLC now owns 82,133 shares of the gold and copper producer’s stock valued at $1,367,000 after buying an additional 4,652 shares during the period. Banco Santander S.A. bought a new stake in shares of Barrick Gold during the first quarter worth $191,000. Intech Investment Management LLC acquired a new stake in shares of Barrick Gold during the first quarter worth $697,000. Finally, Vanguard Group Inc. lifted its position in Barrick Gold by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 64,761,067 shares of the gold and copper producer’s stock valued at $1,077,624,000 after acquiring an additional 1,089,572 shares in the last quarter. 62.85% of the stock is currently owned by institutional investors.

Barrick Gold Price Performance

NYSE:GOLD opened at $16.65 on Friday. The stock has a market capitalization of $29.11 billion, a PE ratio of 17.90, a P/E/G ratio of 0.40 and a beta of 0.56. Barrick Gold Corp has a 1-year low of $13.76 and a 1-year high of $21.35. The firm has a fifty day simple moving average of $19.69 and a 200 day simple moving average of $18.46. The company has a current ratio of 2.65, a quick ratio of 2.06 and a debt-to-equity ratio of 0.14.

Barrick Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date is Friday, November 29th. Barrick Gold’s dividend payout ratio (DPR) is presently 43.01%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on GOLD shares. UBS Group cut 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 report on Wednesday, October 30th. Raymond James decreased their price objective on Barrick Gold from $26.50 to $26.00 and set an “outperform” rating for the company in a report on Thursday, September 26th. Scotiabank cut their target price on Barrick Gold from $25.00 to $24.00 and set a “sector outperform” rating on the stock in a research note on Friday, November 8th. Jefferies Financial Group raised their price target on shares of Barrick Gold from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. Finally, Royal Bank of Canada boosted their price objective on shares of Barrick Gold from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.90.

Barrick Gold Company 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.