Integrated Wealth Concepts LLC Has $248,000 Stake in Barrick Gold Corp (NYSE:GOLD)

Integrated Wealth Concepts LLC trimmed its stake in Barrick Gold Corp (NYSE:GOLDGet Rating) (TSE:ABX) by 24.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,030 shares of the gold and copper producer’s stock after selling 4,582 shares during the period. Integrated Wealth Concepts LLC’s holdings in Barrick Gold were worth $248,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Clearstead Advisors LLC grew its position in Barrick Gold by 20.5% in the 1st quarter. Clearstead Advisors LLC now owns 3,204 shares of the gold and copper producer’s stock worth $78,000 after purchasing an additional 545 shares during the last quarter. JFS Wealth Advisors LLC boosted its position in shares of Barrick Gold by 91.6% during the 1st quarter. JFS Wealth Advisors LLC now owns 1,226 shares of the gold and copper producer’s stock valued at $30,000 after acquiring an additional 586 shares in the last quarter. FourThought Financial LLC boosted its position in shares of Barrick Gold by 24.8% during the 1st quarter. FourThought Financial LLC now owns 3,019 shares of the gold and copper producer’s stock valued at $74,000 after acquiring an additional 600 shares in the last quarter. RMB Capital Management LLC boosted its position in shares of Barrick Gold by 0.8% during the 1st quarter. RMB Capital Management LLC now owns 73,357 shares of the gold and copper producer’s stock valued at $1,799,000 after acquiring an additional 613 shares in the last quarter. Finally, MAI Capital Management boosted its position in shares of Barrick Gold by 6.1% during the 2nd quarter. MAI Capital Management now owns 11,327 shares of the gold and copper producer’s stock valued at $200,000 after acquiring an additional 649 shares in the last quarter. 58.03% of the stock is currently owned by institutional investors and hedge funds.

Barrick Gold Trading Down 1.5 %

Shares of NYSE GOLD opened at $16.19 on Tuesday. Barrick Gold Corp has a 1-year low of $13.01 and a 1-year high of $26.07. The company has a market cap of $28.52 billion, a PE ratio of 15.13, a P/E/G ratio of 10.43 and a beta of 0.27. The company has a current ratio of 3.76, a quick ratio of 3.19 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average of $15.17 and a two-hundred day moving average of $17.14.

Barrick Gold Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend is Tuesday, November 29th. Barrick Gold’s dividend payout ratio is presently 37.38%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. TheStreet lowered shares of Barrick Gold from a “b-” rating to a “c+” rating in a research report on Friday, July 29th. Stifel Nicolaus decreased their target price on shares of Barrick Gold from C$35.25 to C$33.00 in a research report on Wednesday, October 19th. Barclays decreased their target price on shares of Barrick Gold from $28.00 to $25.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 19th. Fundamental Research restated a “buy” rating and issued a $23.42 price target (down from $26.11) on shares of Barrick Gold in a research report on Tuesday, August 16th. Finally, Raymond James reduced their price target on shares of Barrick Gold from $24.50 to $23.00 and set an “outperform” rating on the stock in a research report on Friday, November 4th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $25.24.

Barrick Gold Company Profile

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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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