Achmea Investment Management B.V. Acquires 144,731 Shares of Barrick Gold Corp (NYSE:GOLD)

Achmea Investment Management B.V. boosted its stake in Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX by 34.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 567,484 shares of the gold and copper producer's stock after acquiring an additional 144,731 shares during the quarter. Achmea Investment Management B.V.'s holdings in Barrick Gold were worth $8,796,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GOLD. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Barrick Gold by 221.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,027,811 shares of the gold and copper producer's stock worth $199,427,000 after purchasing an additional 6,904,934 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Barrick Gold by 33.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 11,431,497 shares of the gold and copper producer's stock worth $227,524,000 after purchasing an additional 2,854,055 shares during the period. Van ECK Associates Corp boosted its stake in Barrick Gold by 2.1% in the 4th quarter. Van ECK Associates Corp now owns 76,299,834 shares of the gold and copper producer's stock worth $1,182,641,000 after purchasing an additional 1,563,361 shares during the period. Wellington Management Group LLP boosted its stake in shares of Barrick Gold by 2.7% during the 3rd quarter. Wellington Management Group LLP now owns 54,712,508 shares of the gold and copper producer's stock worth $1,088,484,000 after buying an additional 1,458,084 shares during the last quarter. Finally, Ruffer LLP boosted its stake in shares of Barrick Gold by 14.8% during the 4th quarter. Ruffer LLP now owns 10,269,848 shares of the gold and copper producer's stock worth $159,180,000 after buying an additional 1,325,119 shares during the last quarter. 62.85% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of equities analysts have recently commented on GOLD shares. CIBC downgraded shares of Barrick Gold from a "sector outperform" rating to a "neutral" rating in a research note on Monday, November 25th. Citigroup reduced their price objective on shares of Barrick Gold from $23.00 to $17.00 and set a "neutral" rating for the company in a research note on Friday, December 20th. Cibc World Mkts downgraded shares of Barrick Gold from a "strong-buy" rating to a "hold" rating in a research note on Monday, November 25th. 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 research note on Monday, January 27th. Finally, TD Securities reduced their price objective on shares of Barrick Gold from $24.00 to $23.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $23.75.

Barrick Gold Stock Performance

Barrick Gold stock traded up $0.41 during trading hours on Monday, hitting $19.19. The company had a trading volume of 19,180,844 shares, compared to its average volume of 21,479,941. The firm has a market cap of $33.11 billion, a PE ratio of 15.60, a PEG ratio of 0.44 and a beta of 0.58. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.89 and a quick ratio of 2.15. Barrick Gold Corp has a one year low of $0.25 and a one year high of $21.35. The firm has a 50-day moving average of $17.22 and a 200 day moving average of $18.05.

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

Barrick Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be issued a $0.10 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.40 annualized dividend and a yield of 2.08%. Barrick Gold's dividend payout ratio is currently 32.52%.

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