Sequoia Financial Advisors LLC Sells 930 Shares of Barrick Gold Corp (NYSE:GOLD)

Sequoia Financial Advisors LLC decreased its position in Barrick Gold Corp (NYSE:GOLDFree Report) (TSE:ABX) by 8.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,490 shares of the gold and copper producer’s stock after selling 930 shares during the period. Sequoia Financial Advisors LLC’s holdings in Barrick Gold were worth $153,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fairfield Bush & CO. purchased a new position in shares of Barrick Gold during the 1st quarter valued at about $42,000. Acadian Asset Management LLC purchased a new position in shares of Barrick Gold during the 1st quarter valued at about $647,000. Blair William & Co. IL raised its stake in shares of Barrick Gold by 288.8% during the 1st quarter. Blair William & Co. IL now owns 90,896 shares of the gold and copper producer’s stock valued at $2,230,000 after buying an additional 67,516 shares during the last quarter. Sei Investments Co. raised its stake in shares of Barrick Gold by 97.2% during the 1st quarter. Sei Investments Co. now owns 230,278 shares of the gold and copper producer’s stock valued at $5,651,000 after buying an additional 113,486 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its stake in shares of Barrick Gold by 17.7% during the 1st quarter. Allianz Asset Management GmbH now owns 1,007,571 shares of the gold and copper producer’s stock valued at $24,620,000 after buying an additional 151,763 shares during the last quarter. Hedge funds and other institutional investors own 58.20% of the company’s stock.

Barrick Gold Trading Down 1.0 %

GOLD stock opened at $14.67 on Monday. The company has a current ratio of 3.07, a quick ratio of 2.28 and a debt-to-equity ratio of 0.15. Barrick Gold Corp has a 12-month low of $13.82 and a 12-month high of $20.75. The stock has a market cap of $25.75 billion, a price-to-earnings ratio of 489.00, a PEG ratio of 0.97 and a beta of 0.58. The business’s 50-day moving average is $16.79 and its 200 day moving average is $16.29.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on GOLD shares. National Bank Financial reiterated a “sector perform overweight” rating on shares of Barrick Gold in a research note on Wednesday, January 3rd. CIBC reduced their price objective on Barrick Gold from $27.00 to $23.00 and set an “outperform” rating for the company in a research note on Wednesday, February 7th. Scotiabank reduced their price objective on Barrick Gold from $26.00 to $25.00 and set an “outperform” rating for the company in a research note on Friday, November 3rd. Sanford C. Bernstein lowered Barrick Gold from an “outperform” rating to a “market perform” rating in a research note on Monday, January 8th. Finally, Citigroup cut their price target on Barrick Gold from $20.00 to $18.00 and set a “neutral” rating for the company in a research note on Tuesday, November 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $21.98.

View Our Latest Stock 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.

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

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