Sava Infond d.o.o. purchased a new position in Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 17,270 shares of the gold and copper producer's stock, valued at approximately $268,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mufg Securities Canada LTD. increased its position in shares of Barrick Gold by 71.6% during the 4th quarter. Mufg Securities Canada LTD. now owns 2,669,327 shares of the gold and copper producer's stock valued at $41,365,000 after purchasing an additional 1,113,748 shares during the last quarter. Bay Capital Advisors LLC bought a new stake in Barrick Gold during the fourth quarter valued at about $560,000. Crowley Wealth Management Inc. bought a new position in Barrick Gold in the 4th quarter worth approximately $26,000. Vanguard Group Inc. grew its stake in Barrick Gold by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 68,358,533 shares of the gold and copper producer's stock valued at $1,060,036,000 after acquiring an additional 1,195,585 shares in the last quarter. Finally, LPL Financial LLC grew its position in shares of Barrick Gold by 5.3% during the fourth quarter. LPL Financial LLC now owns 656,707 shares of the gold and copper producer's stock valued at $10,179,000 after purchasing an additional 33,206 shares in the last quarter. Institutional investors own 62.85% of the company's stock.
Barrick Gold Stock Up 1.3 %
Barrick Gold stock traded up $0.24 during mid-day trading on Tuesday, reaching $19.68. 6,964,823 shares of the company's stock were exchanged, compared to its average volume of 21,791,625. The company has a fifty day moving average of $17.92 and a 200-day moving average of $18.02. The company has a market cap of $33.97 billion, a P/E ratio of 16.00, a P/E/G ratio of 0.44 and a beta of 0.58. The company has a quick ratio of 2.15, a current ratio of 2.89 and a debt-to-equity ratio of 0.14. Barrick Gold Corp has a twelve month low of $15.11 and a twelve month high of $21.35.
Barrick Gold (NYSE:GOLD - Get Free Report) TSE: ABX last announced its quarterly earnings data on Wednesday, February 12th. The gold and copper producer reported $0.46 EPS for the quarter, meeting analysts' consensus estimates of $0.46. Barrick Gold had a net margin of 16.59% and a return on equity of 6.76%. Sell-side analysts expect that Barrick Gold Corp will post 1.47 EPS for the current year.
Barrick Gold announced that its Board of Directors has authorized a stock repurchase program on Wednesday, February 12th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the gold and copper producer to buy up to 3.2% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's management believes its shares are undervalued.
Barrick Gold Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date was Friday, February 28th. Barrick Gold's dividend payout ratio (DPR) is 32.52%.
Analysts Set New Price Targets
A number of research firms have recently weighed in on GOLD. Raymond James boosted their target price on shares of Barrick Gold from $23.00 to $23.50 and gave the stock an "outperform" rating in a report on Monday. Citigroup reduced their price target on shares of Barrick Gold from $21.00 to $17.00 and set a "neutral" rating on the stock in a research note on Monday. Bank of America lowered shares of Barrick Gold from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $21.00 to $18.00 in a research report on Monday, January 27th. Stifel Canada raised shares of Barrick Gold to a "strong-buy" rating in a research note on Wednesday, March 19th. Finally, TD Securities lowered their target price on Barrick Gold from $24.00 to $23.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Six equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Barrick Gold currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.71.
View Our Latest Stock Analysis on Barrick Gold
Barrick Gold Profile
(
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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