Barrick Gold Corp (NYSE:GOLD) Shares Bought by Merit Financial Group LLC

Merit Financial Group LLC raised its stake in shares of Barrick Gold Corp (NYSE:GOLD – Free Report) (TSE:ABX) by 36.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,829 shares of the gold and copper producer’s stock after purchasing an additional 3,712 shares during the quarter. Merit Financial Group LLC’s holdings in Barrick Gold were worth $214,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in GOLD. Marshall Wace LLP increased its position in shares of Barrick Gold by 73.3% in the 2nd quarter. Marshall Wace LLP now owns 467,220 shares of the gold and copper producer’s stock valued at $7,793,000 after acquiring an additional 197,613 shares during the period. AQR Capital Management LLC grew its stake in Barrick Gold by 24.8% during the 2nd quarter. AQR Capital Management LLC now owns 43,901 shares of the gold and copper producer’s stock valued at $732,000 after purchasing an additional 8,712 shares during the last quarter. Creative Planning increased its holdings in shares of Barrick Gold by 25.6% in the second quarter. Creative Planning now owns 108,493 shares of the gold and copper producer’s stock valued at $1,810,000 after purchasing an additional 22,103 shares during the period. Coastal Bridge Advisors LLC raised its stake in shares of Barrick Gold by 8.3% in the second quarter. Coastal Bridge Advisors LLC now owns 12,991 shares of the gold and copper producer’s stock worth $217,000 after purchasing an additional 1,000 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in shares of Barrick Gold by 61.0% during the second quarter. NewEdge Advisors LLC now owns 164,352 shares of the gold and copper producer’s stock worth $2,741,000 after purchasing an additional 62,271 shares during the period. Hedge funds and other institutional investors own 62.85% of the company’s stock.

Wall Street Analysts Forecast Growth

GOLD has been the topic of several research reports. TD Securities cut their price target on shares of Barrick Gold from $26.00 to $25.00 and set a “buy” rating on the stock in a report on Tuesday, November 26th. Raymond James reduced their target price on shares of Barrick Gold from $26.00 to $25.00 and set an “outperform” rating for the company in a report on Monday, November 25th. Citigroup decreased their target price on shares of Barrick Gold from $23.00 to $17.00 and set a “neutral” rating for the company in a research report on Friday, December 20th. Cibc World Mkts downgraded Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. Finally, Scotiabank cut Barrick Gold from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the company from $23.00 to $19.00 in a report on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $24.45.

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Barrick Gold Stock Performance

NYSE GOLD opened at $16.13 on Monday. The stock has a market capitalization of $27.85 billion, a price-to-earnings ratio of 17.34, a PEG ratio of 0.30 and a beta of 0.54. The stock has a 50-day moving average of $16.42 and a 200 day moving average of $18.31. 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 Corp has a twelve month low of $13.76 and a twelve month high of $21.35.

Barrick Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.48%. Barrick Gold’s dividend payout ratio (DPR) is 43.01%.

Barrick Gold Profile

(Free Report)

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.