Achmea Investment Management B.V. Has $8.80 Million Stake in Barrick Gold Corp (NYSE:GOLD)

Achmea Investment Management B.V. raised its holdings in shares of Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX by 34.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 567,484 shares of the gold and copper producer's stock after purchasing an additional 144,731 shares during the period. Achmea Investment Management B.V.'s holdings in Barrick Gold were worth $8,796,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Principal Financial Group Inc. grew its position in shares of 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 acquiring an additional 80,366 shares during the last quarter. Mizuho Markets Americas LLC grew its position in shares of Barrick Gold by 21.7% during the third quarter. Mizuho Markets Americas LLC now owns 2,317,580 shares of the gold and copper producer's stock worth $46,097,000 after acquiring an additional 413,012 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Barrick Gold by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,073,717 shares of the gold and copper producer's stock worth $78,637,000 after acquiring an additional 128,203 shares during the last quarter. Crocodile Capital Partners GmbH grew its position in shares of Barrick Gold by 97.3% during the fourth quarter. Crocodile Capital Partners GmbH now owns 1,460,000 shares of the gold and copper producer's stock worth $22,630,000 after acquiring an additional 720,000 shares during the last quarter. Finally, Chiron Investment Management LLC grew its position in shares of Barrick Gold by 36.5% during the third quarter. Chiron Investment Management LLC now owns 604,199 shares of the gold and copper producer's stock worth $12,018,000 after acquiring an additional 161,688 shares during the last quarter. Institutional investors own 62.85% of the company's stock.

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Analyst Upgrades and Downgrades

GOLD has been the subject of several recent research reports. UBS Group upgraded shares of Barrick Gold from a "neutral" rating to a "buy" rating and set a $22.00 price target for the company in a research report on Wednesday, March 5th. CIBC downgraded shares of Barrick Gold from a "sector outperform" rating to a "neutral" rating in a report on Monday, November 25th. Berenberg Bank upped their price objective on shares of Barrick Gold from $37.00 to $38.00 in a report on Tuesday, November 26th. Bank of America downgraded shares of Barrick Gold from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $21.00 to $18.00 in a report on Monday, January 27th. Finally, Cibc World Mkts downgraded shares of Barrick Gold from a "strong-buy" rating to a "hold" rating in a report on Monday, November 25th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $23.75.

Barrick Gold Trading Up 0.9 %

GOLD stock traded up $0.17 during mid-day trading on Tuesday, reaching $19.35. 28,419,592 shares of the stock traded hands, compared to its average volume of 21,584,823. The company has a current ratio of 2.89, a quick ratio of 2.15 and a debt-to-equity ratio of 0.14. Barrick Gold Corp has a 52-week low of $0.25 and a 52-week high of $21.35. The company has a market cap of $33.39 billion, a P/E ratio of 15.73, a P/E/G ratio of 0.44 and a beta of 0.58. The stock's fifty day moving average is $17.22 and its 200-day moving average is $18.05.

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 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%. As a group, sell-side analysts expect that Barrick Gold Corp will post 1.47 earnings per share for the current year.

Barrick Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date was Friday, February 28th. Barrick Gold's dividend payout ratio is presently 32.52%.

Barrick Gold announced that its board has approved a share repurchase plan on Wednesday, February 12th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the gold and copper producer to purchase up to 3.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its shares are undervalued.

Barrick Gold 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.