Sigma Planning Corp Sells 2,317 Shares of Barrick Gold Corp (NYSE:GOLD)

Sigma Planning Corp trimmed its position in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 14.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,535 shares of the gold and copper producer’s stock after selling 2,317 shares during the quarter. Sigma Planning Corp’s holdings in Barrick Gold were worth $269,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of GOLD. DCF Advisers LLC grew its position in Barrick Gold by 48.3% during the 2nd quarter. DCF Advisers LLC now owns 107,500 shares of the gold and copper producer’s stock worth $1,793,000 after acquiring an additional 35,000 shares during the last quarter. Evexia Wealth LLC bought a new stake in shares of Barrick Gold during the third quarter worth $2,382,000. 1832 Asset Management L.P. increased its stake in shares of Barrick Gold by 3.6% in the first quarter. 1832 Asset Management L.P. now owns 1,089,855 shares of the gold and copper producer’s stock valued at $18,135,000 after buying an additional 38,100 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of Barrick Gold in the second quarter valued at about $934,000. Finally, Hara Capital LLC bought a new position in shares of Barrick Gold in the third quarter valued at about $1,690,000. Institutional investors and hedge funds own 62.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on GOLD shares. Argus upgraded shares of Barrick Gold from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Thursday, August 29th. 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 dropped their price objective on shares of Barrick Gold from $26.50 to $26.00 and set an “outperform” rating for the company in a research report on Thursday, September 26th. Scotiabank decreased their price objective on Barrick Gold from $25.00 to $24.00 and set a “sector outperform” rating on the stock in a research report on Friday, November 8th. Finally, UBS Group cut Barrick Gold from a “buy” rating to a “neutral” rating and lowered their target price for the company from $23.00 to $22.00 in a research note on Wednesday, October 30th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Barrick Gold presently has an average rating of “Moderate Buy” and an average price target of $23.90.

Barrick Gold Stock Down 1.2 %

Shares of Barrick Gold stock opened at $16.65 on Friday. The business has a fifty day simple moving average of $19.69 and a 200 day simple moving average of $18.46. The stock has a market cap of $29.11 billion, a PE ratio of 17.90, a price-to-earnings-growth ratio of 0.40 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 Corp has a 12 month low of $13.76 and a 12 month high of $21.35.

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 paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.40%. Barrick Gold’s dividend payout ratio (DPR) is presently 43.01%.

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.