American Century Companies Inc. Has $33.47 Million Position in Barrick Gold Corp (NYSE:GOLD)

American Century Companies Inc. lifted its stake in Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX by 9.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,159,280 shares of the gold and copper producer's stock after buying an additional 187,551 shares during the period. American Century Companies Inc. owned about 0.13% of Barrick Gold worth $33,472,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Van ECK Associates Corp lifted its holdings in shares of Barrick Gold by 2.1% during 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 acquiring an additional 1,563,361 shares during the period. Wellington Management Group LLP lifted its stake in Barrick Gold by 2.7% during the third 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 purchasing an additional 1,458,084 shares during the period. Ruffer LLP boosted its holdings in Barrick Gold by 14.8% during the fourth quarter. Ruffer LLP now owns 10,269,848 shares of the gold and copper producer's stock valued at $159,180,000 after purchasing an additional 1,325,119 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in Barrick Gold during the third quarter valued at approximately $20,379,000. Finally, Crocodile Capital Partners GmbH raised its holdings in shares of 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 worth $22,630,000 after buying an additional 720,000 shares in the last quarter. 62.85% of the stock is owned by institutional investors and hedge funds.

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Barrick Gold Trading Up 0.0 %

Barrick Gold stock traded up $0.01 during mid-day trading on Tuesday, hitting $19.45. The stock had a trading volume of 16,048,396 shares, compared to its average volume of 21,827,065. The stock has a 50-day simple moving average of $17.92 and a two-hundred day simple moving average of $18.02. The company has a current ratio of 2.89, a quick ratio of 2.15 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $33.55 billion, a PE ratio of 15.83, a P/E/G ratio of 0.44 and a beta of 0.58. Barrick Gold Corp has a 12 month low of $15.11 and a 12 month high of $21.35.

Barrick Gold (NYSE:GOLD - Get Free Report) TSE: ABX last issued its quarterly earnings results on Wednesday, February 12th. The gold and copper producer reported $0.46 EPS for the quarter, hitting the consensus estimate 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 forecast that Barrick Gold Corp will post 1.47 EPS for the current year.

Barrick Gold declared that its board has authorized a stock repurchase 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 buy up to 3.2% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its stock is undervalued.

Barrick Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.40 annualized dividend and a dividend yield of 2.06%. Barrick Gold's dividend payout ratio is currently 32.52%.

Wall Street Analyst Weigh In

Several analysts recently commented on GOLD shares. Raymond James upped their price target on Barrick Gold from $23.00 to $23.50 and gave the company an "outperform" rating in a research report on Monday. Bank of America lowered shares of Barrick Gold from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $21.00 to $18.00 in a report on Monday, January 27th. Citigroup cut their price target on shares of Barrick Gold from $21.00 to $17.00 and set a "neutral" rating for the company in a report on Monday. National Bank Financial raised shares of Barrick Gold to a "hold" rating in a research note on Friday, March 21st. Finally, UBS Group upgraded shares of Barrick Gold from a "neutral" rating to a "buy" rating and set a $22.00 target price for the company in a research note on Wednesday, March 5th. 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's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $23.71.

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.