A number of other equities analysts have also issued reports on GOLD. Fundamental Research reaffirmed a “buy” rating and set a $19.90 target price (down previously from $23.42) on shares of Barrick Gold in a research report on Tuesday, November 15th. Raymond James lowered their price target on shares of Barrick Gold from $24.50 to $23.00 and set an “outperform” rating on the stock in a report on Friday, November 4th. TD Securities reduced their target price on shares of Barrick Gold from $24.00 to $21.00 and set a “buy” rating on the stock in a research note on Friday, November 4th. Stifel Nicolaus reduced their target price on shares of Barrick Gold from C$35.25 to C$33.00 in a research note on Wednesday, October 19th. Finally, Royal Bank of Canada reduced their target price on shares of Barrick Gold from $27.00 to $20.00 and set an “outperform” rating on the stock in a research note on Monday, November 21st. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Barrick Gold has an average rating of “Moderate Buy” and an average price target of $23.99.
Barrick Gold Trading Up 1.1 %
Shares of GOLD stock opened at $19.64 on Friday. Barrick Gold has a 1 year low of $13.01 and a 1 year high of $26.07. The firm’s fifty day simple moving average is $16.97 and its 200 day simple moving average is $16.11. The firm has a market capitalization of $34.48 billion, a P/E ratio of 18.36, a price-to-earnings-growth ratio of 11.60 and a beta of 0.28. The company has a current ratio of 3.76, a quick ratio of 2.98 and a debt-to-equity ratio of 0.16.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Hexagon Capital Partners LLC increased its stake in shares of Barrick Gold by 355.1% in the 3rd quarter. Hexagon Capital Partners LLC now owns 1,661 shares of the gold and copper producer’s stock valued at $26,000 after acquiring an additional 1,296 shares during the last quarter. CoreCap Advisors LLC bought a new stake in shares of Barrick Gold in the 2nd quarter valued at about $29,000. Optiver Holding B.V. increased its stake in Barrick Gold by 65.9% during the 2nd quarter. Optiver Holding B.V. now owns 1,669 shares of the gold and copper producer’s stock worth $30,000 after purchasing an additional 663 shares in the last quarter. Janiczek Wealth Management LLC increased its stake in Barrick Gold by 760.8% during the 2nd quarter. Janiczek Wealth Management LLC now owns 2,066 shares of the gold and copper producer’s stock worth $33,000 after purchasing an additional 1,826 shares in the last quarter. Finally, Chilton Capital Management LLC bought a new stake in Barrick Gold during the 2nd quarter worth approximately $35,000. 56.82% of the stock is currently owned by institutional investors and hedge funds.
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.
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