Fri Sep 20 13:39:45 UTC 2024: ## Barrick Gold Sees Institutional Investor Activity & Analyst Optimism

**New York, September 20th, 2024:** Barrick Gold Corp (NYSE:GOLD), a leading gold and copper producer, saw a mixed bag of activity from institutional investors in the second quarter. While Bradley Foster & Sargent Inc. CT reduced its stake in the company by 17.7%, other investors like Edge Wealth Management LLC, Greenleaf Trust, DORCHESTER WEALTH MANAGEMENT Co, Bangor Savings Bank, and S.A. Mason LLC increased their positions. Overall, hedge funds and institutional investors own 62.85% of Barrick Gold’s outstanding shares.

Barrick Gold’s stock opened at $20.24 on Friday, with a market capitalization of $35.48 billion. The company boasts a strong financial position with a debt-to-equity ratio of 0.15, a quick ratio of 2.49, and a current ratio of 3.01.

The company also recently declared a quarterly dividend of $0.10 per share, representing a $0.40 annualized dividend and a yield of 1.98%. This positive news comes as several research analysts have issued bullish reports on Barrick Gold. CIBC, Royal Bank of Canada, Argus, Scotiabank, and Jefferies Financial Group have all raised their price targets and issued “buy” or “outperform” ratings on the stock.

Currently, one analyst rates Barrick Gold a “sell,” two rate it a “hold,” and nine rate it a “buy,” resulting in an average “Moderate Buy” rating with a target price of $23.30.

Barrick Gold continues to be a key player in the gold and copper sector, having recently merged with Randgold Resources and formed a joint venture with Newmont Corporation for Nevada Gold Mines. With strong financials, a positive outlook from analysts, and continued investor interest, Barrick Gold appears well-positioned for future growth.

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