Barrick Gold Corporation (NYSE:GOLD) enjoyed a 78.49% run-up in share price since hitting record low of $9.53. The stock managed -1.16% fall and now stands at $17.01 as of 7/30/2019. At a recent session, the prices were hovering between $16.98 and $17.31. This company shares are -2.18% up from its target price of $16.64 and the current market capitalization stands at $29.77B. The recent change has given its price a 15.07% lead over SMA 50 and -2.8% deficit over its 52-week high. The stock witnessed 7.86% gains, 33.73% gains and 31.55% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found GOLD’s volatility during a week at 1.78% and during a month it has been found around 2.66%.
What Does Barrick Gold Corporation (GOLD) Do?
The company describes itself in regulatory filings as, “Barrick Gold Corp. engages in the production and sale of gold and copper, as well as related activities such as exploration and mine development. It operates through the following segments: Barrick Nevada, Veladero, Pueblo Viejo, Lagunas Norte, Turquoise Ridge, Acacia, and Pascua-Lama. The company was founded by Peter D. Munk in 1983 and is headquartered in Toronto, Canada.” [Text can be found here: https://www.marketwatch.com/investing/stock/GOLD/profile under company description.]Barrick Gold Corporation (GOLD) Top Holders
Institutional investors currently hold around $17.9 billion or 72.1% in GOLD stock. Look at its top three institutional owners: Van Eck Associates Corp owns $1.59 billion in Barrick Gold Corporation, which represents roughly 5.36% of the company’s market cap and approximately 8.9% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 68,699,968 shares of the stock are valued at $1.18 billion. The third largest holder is Fmr Llc, which currently holds $1.07 billion worth of this stock and that ownership represents nearly 3.59% of its market capitalization.
At the end of March reporting period, 275 institutional holders increased their position in Barrick Gold Corporation (NYSE:GOLD) by some 225,655,564 shares, 216 decreased positions by 149,807,037 and 82 held positions by 664,851,550. That puts total institutional holdings at 1,040,000,000 shares, according to SEC filings. The stock grabbed 91 new institutional investments totaling 44,093,343 shares while 67 institutional investors sold out their entire positions totaling 37,360,924 shares.Barrick Gold Corporation (GOLD) Analyst Guide
Several analysts have released their opinion on Barrick Gold Corporation (NYSE:GOLD), with 1 analysts believing it is a strong buy. Whereas 15 of them predict the stock is a hold. Also, there are 3 buy, 1 sell and 0 strong sell ratings, collectively assigning a 2.8 average brokerage recommendation [T1].