Barrick Gold Corp (NYSE:GOLD) Shares Bought by Prospera Financial Services Inc

Prospera Financial Services Inc increased its stake in Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 2.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 87,217 shares of the gold and copper producer’s stock after purchasing an additional 2,017 shares during the quarter. Prospera Financial Services Inc’s holdings in Barrick Gold were worth $1,735,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in GOLD. EdgePoint Investment Group Inc. boosted its position in Barrick Gold by 38.8% during the first quarter. EdgePoint Investment Group Inc. now owns 18,170,814 shares of the gold and copper producer’s stock valued at $302,366,000 after purchasing an additional 5,080,510 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in Barrick Gold by 4,713.3% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 4,144,456 shares of the gold and copper producer’s stock valued at $69,141,000 after buying an additional 4,058,351 shares during the period. Letko Brosseau & Associates Inc. acquired a new position in shares of Barrick Gold in the 2nd quarter worth approximately $66,820,000. Mizuho Markets Americas LLC acquired a new position in Barrick Gold in the second quarter valued at about $31,768,000. Finally, Sound Shore Management Inc. CT grew its holdings in shares of Barrick Gold by 48.2% during the second quarter. Sound Shore Management Inc. CT now owns 4,455,551 shares of the gold and copper producer’s stock worth $74,319,000 after purchasing an additional 1,449,862 shares during the last quarter. 62.85% of the stock is currently owned by institutional investors.

Barrick Gold Stock Performance

NYSE:GOLD opened at $18.12 on Friday. Barrick Gold Corp has a twelve month low of $13.76 and a twelve month high of $21.35. The company has a quick ratio of 2.06, a current ratio of 2.65 and a debt-to-equity ratio of 0.14. The firm’s fifty day simple moving average is $19.53 and its 200 day simple moving average is $18.49. The stock has a market cap of $31.67 billion, a P/E ratio of 19.48, a price-to-earnings-growth ratio of 0.42 and a beta of 0.56.

Barrick Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a $0.10 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a yield of 2.21%. Barrick Gold’s payout ratio is currently 43.01%.

Analysts Set New Price Targets

Several analysts have weighed in on GOLD shares. UBS Group cut 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. Royal Bank of Canada increased their price target on shares of Barrick Gold from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Raymond James reduced their target price 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. Scotiabank lowered their target price 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. Finally, Argus upgraded Barrick Gold from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus 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.