Phoenix Wealth Advisors Has $159,000 Position in Barrick Gold Corp (NYSE:GOLD)

Phoenix Wealth Advisors lowered its stake in shares of Barrick Gold Corp (NYSE:GOLDFree Report) (TSE:ABX) by 52.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 10,270 shares of the gold and copper producer’s stock after selling 11,177 shares during the quarter. Phoenix Wealth Advisors’ holdings in Barrick Gold were worth $159,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in GOLD. Systrade AG lifted its stake in Barrick Gold by 42.8% during the fourth quarter. Systrade AG now owns 2,000,300 shares of the gold and copper producer’s stock worth $31,005,000 after purchasing an additional 600,000 shares during the last quarter. Clarius Group LLC bought a new stake in Barrick Gold during the fourth quarter worth $170,000. Arkadios Wealth Advisors bought a new stake in Barrick Gold during the fourth quarter worth $225,000. Merit Financial Group LLC lifted its stake in Barrick Gold by 36.7% during the fourth quarter. Merit Financial Group LLC now owns 13,829 shares of the gold and copper producer’s stock worth $214,000 after purchasing an additional 3,712 shares during the last quarter. Finally, Butensky & Cohen Financial Security Inc. lifted its stake in Barrick Gold by 5.2% during the fourth quarter. Butensky & Cohen Financial Security Inc. now owns 155,212 shares of the gold and copper producer’s stock worth $2,406,000 after purchasing an additional 7,680 shares during the last quarter. Institutional investors and hedge funds own 62.85% of the company’s stock.

Barrick Gold Stock Performance

Shares of Barrick Gold stock opened at $15.98 on Wednesday. The company has a current ratio of 2.65, a quick ratio of 2.06 and a debt-to-equity ratio of 0.14. The business has a 50-day moving average price of $16.47 and a two-hundred day moving average price of $18.35. Barrick Gold Corp has a 1-year low of $13.76 and a 1-year high of $21.35. The company has a market cap of $27.59 billion, a P/E ratio of 17.18, a PEG ratio of 0.30 and a beta of 0.54.

Barrick Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a yield of 2.50%. Barrick Gold’s payout ratio is currently 43.01%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Citigroup dropped their price target on Barrick Gold from $23.00 to $17.00 and set a “neutral” rating for the company in a research note on Friday, December 20th. CIBC cut Barrick Gold from a “sector outperform” rating to a “neutral” rating in a research note on Monday, November 25th. Raymond James dropped 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, November 25th. Cibc World Mkts cut Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 25th. Finally, Berenberg Bank increased their price target on Barrick Gold from $37.00 to $38.00 in a research note on Tuesday, November 26th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $24.45.

Read Our Latest Analysis 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.

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Institutional Ownership by Quarter for Barrick Gold (NYSE:GOLD)

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