Forum Financial Management LP Takes $213,000 Position in Barrick Gold Corp (NYSE:GOLD)

Forum Financial Management LP acquired a new position in shares of Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 13,731 shares of the gold and copper producer's stock, valued at approximately $213,000.

A number of other institutional investors have also recently bought and sold shares of GOLD. Principal Financial Group Inc. boosted its position in Barrick Gold by 19.9% during the third quarter. Principal Financial Group Inc. now owns 483,613 shares of the gold and copper producer's stock worth $9,630,000 after purchasing an additional 80,366 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Barrick Gold by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,073,717 shares of the gold and copper producer's stock valued at $78,637,000 after buying an additional 128,203 shares during the last quarter. Crocodile Capital Partners GmbH grew its holdings in Barrick Gold by 97.3% in the 4th quarter. Crocodile Capital Partners GmbH now owns 1,460,000 shares of the gold and copper producer's stock valued at $22,630,000 after buying an additional 720,000 shares during the last quarter. Legend Financial Advisors Inc. bought a new position in Barrick Gold in the 4th quarter worth approximately $700,000. Finally, Gateway Investment Advisers LLC lifted its holdings in shares of Barrick Gold by 6.9% during the fourth quarter. Gateway Investment Advisers LLC now owns 278,717 shares of the gold and copper producer's stock worth $4,320,000 after buying an additional 17,980 shares during the last quarter. Institutional investors and hedge funds own 62.85% of the company's stock.

Barrick Gold Stock Down 1.9 %

Shares of GOLD traded down $0.36 on Friday, hitting $19.05. The company's stock had a trading volume of 17,025,297 shares, compared to its average volume of 21,610,338. The firm has a market capitalization of $32.76 billion, a price-to-earnings ratio of 15.49, a P/E/G ratio of 0.44 and a beta of 0.55. Barrick Gold Corp has a fifty-two week low of $15.11 and a fifty-two week high of $21.35. The company has a quick ratio of 2.15, a current ratio of 2.89 and a debt-to-equity ratio of 0.14. The firm's fifty day moving average price is $18.95 and its 200-day moving average price is $17.93.

Barrick Gold (NYSE:GOLD - Get Free Report) TSE: ABX last posted its quarterly earnings data on Wednesday, February 12th. The gold and copper producer reported $0.46 earnings per share for the quarter, hitting the consensus estimate of $0.46. Barrick Gold had a return on equity of 6.76% and a net margin of 16.59%. On average, equities research analysts expect that Barrick Gold Corp will post 1.47 EPS for the current year.

Barrick Gold announced that its board has approved a stock repurchase plan on Wednesday, February 12th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the gold and copper producer to reacquire up to 3.2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its stock is undervalued.

Barrick Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date was Friday, February 28th. Barrick Gold's dividend payout ratio is currently 32.52%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on GOLD shares. Citigroup reduced their target price on shares of Barrick Gold from $21.00 to $17.00 and set a "neutral" rating for the company in a research note on Monday, March 31st. TD Securities dropped their price objective on shares of Barrick Gold from $24.00 to $23.00 and set a "buy" rating for the company in a report on Thursday, February 13th. National Bankshares reaffirmed an "outperform" rating on shares of Barrick Gold in a report on Wednesday, April 2nd. BMO Capital Markets began coverage on shares of Barrick Gold in a research report on Wednesday, April 16th. They issued a "market perform" rating for the company. Finally, Stifel Canada raised shares of Barrick Gold to a "strong-buy" rating in a research note on Wednesday, March 19th. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $24.05.

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.