2 weeks Ago By ABMN Staff
Marathon Capital Management lowered its stake in shares of Barrick Gold Corp ( NYSE:GOLD – Free Report ) (TSE:ABX) by 1.5% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 140,275 shares of the gold and copper producer’s stock after selling 2,150 shares during the period.
Marathon Capital Management’s holdings in Barrick Gold were worth $2,340,000 as of its most recent SEC filing. A number of other hedge funds have also added to or reduced their stakes in the stock. EdgePoint Investment Group Inc.
boosted its stake in shares of Barrick Gold by 3.7% in the 2nd quarter. EdgePoint Investment Group Inc.
now owns 18,837,028 shares of the gold and copper producer’s stock worth $314,254,000 after buying an additional 666,214 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Barrick Gold by 24.8% in the 2nd quarter.
AQR Capital Management LLC now owns 43,901 shares of the gold and copper producer’s stock worth $732,000 after buying an additional 8,712 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of Barrick Gold by 4,713.3% in the 2nd quarter.
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 4,144,456 shares of the gold and copper producer’s stock worth $69,141,000 after buying an additional 4,058,351 shares during the last quarter. Marshall Wace LLP boosted its stake 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 worth $7,793,000 after buying an additional 197,613 shares during the last quarter. Finally, Cheviot Value Management LLC purchased a new position in shares of Barrick Gold in the 2nd quarter worth approximately $15,199,000. Institutional investors and hedge funds own 62.
85% of the company’s stock. Barrick Gold Stock Up 1.5 % Shares of NYSE:GOLD opened at $21.
02 on Friday. Barrick Gold Corp has a 52-week low of $13.76 and a 52-week high of $21.
21. The firm has a fifty day moving average of $19.30 and a 200 day moving average of $17.
74. The firm has a market capitalization of $36.84 billion, a PE ratio of 25.
63, a price-to-earnings-growth ratio of 0.49 and a beta of 0.55.
The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.31 and a current ratio of 3.
01. Barrick Gold Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were given a dividend of $0.
10 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.
40 annualized dividend and a yield of 1.90%. Barrick Gold’s payout ratio is 48.
78%. Analyst Upgrades and Downgrades Several equities analysts recently commented on GOLD shares. CIBC upped their price objective on Barrick Gold from $23.
00 to $27.00 and gave the company an “outperformer” rating in a research note on Wednesday, July 10th. Royal Bank of Canada upped their price objective on 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 Barrick Gold from $26.
50 to $26.00 and set an “outperform” rating on the stock in a research note on Thursday. Argus upgraded Barrick Gold from a “hold” rating to a “buy” rating and set a $24.
00 price objective on the stock in a research note on Thursday, August 29th. Finally, Scotiabank boosted their target price on shares of Barrick Gold from $23.00 to $25.
00 and gave the company a “sector outperform” rating in a report on Monday, August 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.
com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $23.60. Get Our Latest Research Report on Barrick Gold About Barrick Gold ( 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. Further Reading Receive News & Ratings for Barrick Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barrick Gold and related companies with MarketBeat.
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