Cerity Partners LLC Has $1.86 Million Stock Position in Barrick Gold Corp (NYSE:GOLD)

Cerity Partners LLC increased its stake in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 120.3% in the third quarter, Holdings Channel reports. The firm owned 93,622 shares of the gold and copper producer’s stock after buying an additional 51,117 shares during the quarter. Cerity Partners LLC’s holdings in Barrick Gold were worth $1,862,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GOLD. B. Riley Wealth Advisors Inc. lifted its holdings in Barrick Gold by 10.7% during the first quarter. B. Riley Wealth Advisors Inc. now owns 12,895 shares of the gold and copper producer’s stock worth $215,000 after acquiring an additional 1,244 shares in the last quarter. Tidal Investments LLC lifted its holdings in shares of Barrick Gold by 20.4% in the first quarter. Tidal Investments LLC now owns 39,196 shares of the gold and copper producer’s stock valued at $637,000 after purchasing an additional 6,639 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Barrick Gold by 783.2% during the first quarter. Cetera Investment Advisers now owns 341,854 shares of the gold and copper producer’s stock worth $5,688,000 after buying an additional 303,148 shares in the last quarter. Cetera Advisors LLC raised its position in Barrick Gold by 103.4% in the 1st quarter. Cetera Advisors LLC now owns 45,087 shares of the gold and copper producer’s stock valued at $750,000 after buying an additional 22,921 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its stake in Barrick Gold by 4.0% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 146,833 shares of the gold and copper producer’s stock valued at $2,405,000 after acquiring an additional 5,646 shares in the last quarter. Institutional investors own 62.85% of the company’s stock.

Barrick Gold Stock Performance

GOLD stock opened at $17.24 on Tuesday. Barrick Gold Corp has a 1-year low of $13.76 and a 1-year high of $21.35. The company has a current ratio of 2.65, a quick ratio of 2.06 and a debt-to-equity ratio of 0.14. The stock has a 50-day moving average price of $19.14 and a 200-day moving average price of $18.54. The firm has a market cap of $30.14 billion, a PE ratio of 18.54, a price-to-earnings-growth ratio of 0.48 and a beta of 0.56.

Barrick Gold Dividend Announcement

The business also recently declared 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. This represents a $0.40 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date is Friday, November 29th. Barrick Gold’s payout ratio is 43.01%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on GOLD shares. Raymond James cut their price objective on shares of Barrick Gold from $26.00 to $25.00 and set an “outperform” rating on the stock in a research report on Monday, November 25th. Berenberg Bank increased their price objective on shares of Barrick Gold from $37.00 to $38.00 in a research note on Tuesday, November 26th. Jefferies Financial Group lifted their target price on Barrick Gold from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Argus raised Barrick Gold from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Thursday, August 29th. Finally, TD Securities lowered their price target on Barrick Gold from $26.00 to $25.00 and set a “buy” rating on the stock in a research report on Tuesday, November 26th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $25.60.

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.