BNP Paribas Grows Stake in Barrick Gold Corp (NYSE:GOLD)

BNP Paribas increased its holdings in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 221.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,066 shares of the gold and copper producer’s stock after purchasing an additional 2,113 shares during the quarter. BNP Paribas’ holdings in Barrick Gold were worth $62,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in GOLD. Price T Rowe Associates Inc. MD grew its holdings in Barrick Gold by 19.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,839,056 shares of the gold and copper producer’s stock valued at $63,883,000 after buying an additional 628,477 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its holdings in shares of Barrick Gold by 27.2% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 56,105 shares of the gold and copper producer’s stock worth $934,000 after purchasing an additional 12,000 shares during the period. B. Riley Wealth Advisors Inc. boosted its holdings in shares of Barrick Gold by 10.7% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 12,895 shares of the gold and copper producer’s stock worth $215,000 after purchasing an additional 1,244 shares during the period. Tidal Investments LLC boosted its holdings in shares of Barrick Gold by 20.4% in the 1st quarter. Tidal Investments LLC now owns 39,196 shares of the gold and copper producer’s stock worth $637,000 after purchasing an additional 6,639 shares during the period. Finally, Wahed Invest LLC boosted its holdings in shares of Barrick Gold by 39.2% in the 1st quarter. Wahed Invest LLC now owns 19,200 shares of the gold and copper producer’s stock worth $320,000 after purchasing an additional 5,410 shares during the period. Hedge funds and other institutional investors own 62.85% of the company’s stock.

Analyst Upgrades and Downgrades

GOLD has been the subject of a number of research analyst reports. Berenberg Bank raised their price target on Barrick Gold from $37.00 to $38.00 in a research note on Tuesday. Jefferies Financial Group raised their price target on Barrick Gold from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. Raymond James decreased their price target on Barrick Gold from $26.00 to $25.00 and set an “outperform” rating for the company in a research note on Monday. CIBC lowered Barrick Gold from a “sector outperform” rating to a “neutral” rating in a research note on Monday. Finally, Cibc World Mkts lowered Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $24.91.

Barrick Gold Trading Up 0.1 %

Shares of NYSE GOLD opened at $17.58 on Thursday. Barrick Gold Corp has a twelve month low of $13.76 and a twelve month high of $21.35. The business has a fifty day simple moving average of $19.31 and a two-hundred day simple moving average of $18.53. The firm has a market cap of $30.73 billion, a PE ratio of 18.90, a price-to-earnings-growth ratio of 0.42 and a beta of 0.56. The company has a quick ratio of 2.06, a current ratio of 2.65 and a debt-to-equity ratio of 0.14.

Barrick Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders 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 dividend yield of 2.28%. Barrick Gold’s dividend payout ratio is presently 43.01%.

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.