Barrick Gold Corp (NYSE:GOLD) Shares Bought by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC grew its stake in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 31.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,830 shares of the gold and copper producer’s stock after purchasing an additional 4,258 shares during the period. OneDigital Investment Advisors LLC’s holdings in Barrick Gold were worth $355,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Clean Yield Group purchased a new stake in shares of Barrick Gold during the 1st quarter valued at about $25,000. Exchange Traded Concepts LLC increased its stake in Barrick Gold by 198.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,407 shares of the gold and copper producer’s stock valued at $28,000 after buying an additional 935 shares during the period. Crewe Advisors LLC grew its stake in shares of 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 purchasing an additional 1,572 shares during the last quarter. Jackson Grant Investment Advisers Inc. acquired a new position in shares of Barrick Gold in the 2nd quarter valued at $32,000. Finally, Eastern Bank purchased a new position in Barrick Gold during the 3rd quarter worth approximately $32,000. 62.85% of the stock is owned by hedge funds and other institutional investors.

Barrick Gold Stock Performance

Shares of GOLD stock opened at $18.12 on Friday. The stock has a market cap of $31.67 billion, a PE ratio of 19.48, a price-to-earnings-growth ratio of 0.42 and a beta of 0.56. The stock has a 50-day moving average of $19.53 and a 200-day moving average of $18.49. 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 company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.40 annualized dividend and a yield of 2.21%. Barrick Gold’s dividend payout ratio (DPR) is presently 43.01%.

Analysts Set New Price Targets

A number of research firms recently commented on GOLD. UBS Group downgraded Barrick Gold from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $23.00 to $22.00 in a report on Wednesday, October 30th. Jefferies Financial Group upped their price target on Barrick Gold from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Scotiabank dropped their price objective on shares of Barrick Gold from $25.00 to $24.00 and set a “sector outperform” rating on the stock in a report on Friday, November 8th. 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. Finally, Argus raised Barrick Gold from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Thursday, August 29th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $23.90.

About Barrick Gold

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.