NewEdge Wealth LLC acquired a new stake in Barrick Gold Corp (NYSE:GOLD – Free Report) (TSE:ABX) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 15,034 shares of the gold and copper producer’s stock, valued at approximately $219,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Fairfield Bush & CO. acquired a new stake in Barrick Gold during the 2nd quarter valued at approximately $29,000. RFP Financial Group LLC acquired a new stake in shares of Barrick Gold during the 2nd quarter worth approximately $30,000. Resurgent Financial Advisors LLC acquired a new stake in shares of Barrick Gold during the 4th quarter worth approximately $36,000. FWL Investment Management LLC acquired a new stake in shares of Barrick Gold during the 4th quarter worth approximately $36,000. Finally, Massmutual Trust Co. FSB ADV grew its position in shares of Barrick Gold by 151.5% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 2,198 shares of the gold and copper producer’s stock worth $37,000 after buying an additional 1,324 shares during the period. Institutional investors and hedge funds own 58.20% of the company’s stock.
Analysts Set New Price Targets
Several analysts have recently commented on the stock. StockNews.com downgraded shares of Barrick Gold from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. CIBC reduced their price objective on shares of Barrick Gold from $27.00 to $23.00 and set an “outperform” rating for the company in a research report on Wednesday. Citigroup reduced their price objective on shares of Barrick Gold from $20.00 to $18.00 and set a “neutral” rating for the company in a research report on Tuesday, November 28th. TD Securities cut their target price on Barrick Gold from $25.00 to $22.00 and set a “buy” rating on the stock in a report on Monday, November 6th. Finally, Raymond James cut their target price on Barrick Gold from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Friday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $21.98.
Barrick Gold Trading Down 1.0 %
Shares of Barrick Gold stock opened at $14.67 on Friday. Barrick Gold Corp has a 1 year low of $13.82 and a 1 year high of $20.75. The firm has a market cap of $25.75 billion, a PE ratio of 489.00, a P/E/G ratio of 0.99 and a beta of 0.58. The stock has a fifty day moving average price of $16.79 and a 200-day moving average price of $16.30. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.07 and a quick ratio of 2.28.
Barrick Gold 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.
- Five stocks we like better than Barrick Gold
- The How and Why of Investing in Biotech Stocks
- Cloudflare results spark analysts reset: 25% upside ahead
- Insider Trades May Not Tell You What You Think
- Beyond Nvidia: The hidden stars with 200% earnings growth
- Space Investment: How to Invest in Space Exploration
- 3 large caps with RSIs that scream ‘oversold’
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.com's FREE daily email newsletter.