Barrick Gold Corp (NYSE:GOLD) Shares Acquired by Inspire Trust Co. N.A.

Inspire Trust Co. N.A. increased its stake in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 25.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 49,700 shares of the gold and copper producer’s stock after purchasing an additional 10,000 shares during the quarter. Inspire Trust Co. N.A.’s holdings in Barrick Gold were worth $989,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Exchange Traded Concepts LLC lifted its holdings in shares of Barrick Gold by 198.1% in 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. Eastern Bank acquired a new stake in Barrick Gold in the third quarter valued at $32,000. Crewe Advisors LLC boosted its position in shares of Barrick Gold by 628.8% during 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 in the last quarter. JFS Wealth Advisors LLC grew its stake in shares of Barrick Gold by 451.7% during the 3rd quarter. JFS Wealth Advisors LLC now owns 1,909 shares of the gold and copper producer’s stock worth $38,000 after purchasing an additional 1,563 shares during the period. Finally, ORG Partners LLC acquired a new stake in shares of Barrick Gold in the second quarter valued at about $42,000. 62.85% of the stock is currently owned by hedge funds and other institutional investors.

Barrick Gold Price Performance

Shares of NYSE:GOLD opened at $17.17 on Friday. The business has a fifty day simple moving average of $18.64 and a 200-day simple moving average of $18.52. 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 Corp has a 52 week low of $13.76 and a 52 week high of $21.35. The company has a market cap of $29.89 billion, a P/E ratio of 18.46, a P/E/G ratio of 0.47 and a beta of 0.53.

Barrick Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.33%. Barrick Gold’s payout ratio is 43.01%.

Analyst Ratings Changes

GOLD has been the subject of a number of research reports. Scotiabank reduced their price target on shares of Barrick Gold from $24.00 to $23.00 and set a “sector outperform” rating for the company in a research report on Monday, November 25th. Raymond James lowered their target price on Barrick Gold from $26.00 to $25.00 and set an “outperform” rating on the stock in a report on Monday, November 25th. TD Securities cut their price target on Barrick Gold from $26.00 to $25.00 and set a “buy” rating for the company in a research note on Tuesday, November 26th. Argus upgraded shares of 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. Finally, Cibc World Mkts cut shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 25th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $25.60.

Barrick Gold 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.