ANTIPODES PARTNERS Ltd Has $155.81 Million Stock Holdings in Barrick Gold Corp (NYSE:GOLD)

ANTIPODES PARTNERS Ltd increased its holdings in shares of Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX by 4.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,051,460 shares of the gold and copper producer's stock after acquiring an additional 408,684 shares during the period. Barrick Gold makes up approximately 5.4% of ANTIPODES PARTNERS Ltd's portfolio, making the stock its 5th biggest holding. ANTIPODES PARTNERS Ltd owned 0.58% of Barrick Gold worth $155,810,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. First Horizon Advisors Inc. boosted its stake in shares of Barrick Gold by 619.7% during the 4th quarter. First Horizon Advisors Inc. now owns 3,073 shares of the gold and copper producer's stock worth $48,000 after acquiring an additional 2,646 shares in the last quarter. BNP Paribas boosted its position in Barrick Gold by 221.7% during the third quarter. BNP Paribas now owns 3,066 shares of the gold and copper producer's stock worth $62,000 after purchasing an additional 2,113 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in Barrick Gold by 196.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 4,178 shares of the gold and copper producer's stock valued at $65,000 after purchasing an additional 2,771 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new position in shares of Barrick Gold in the fourth quarter valued at $65,000. Finally, Avior Wealth Management LLC raised its stake in shares of Barrick Gold by 24.1% during the 3rd quarter. Avior Wealth Management LLC now owns 3,399 shares of the gold and copper producer's stock worth $68,000 after buying an additional 659 shares during the last quarter. Hedge funds and other institutional investors own 62.85% of the company's stock.

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Barrick Gold Trading Up 2.1 %

NYSE:GOLD traded up $0.39 during trading hours on Thursday, reaching $18.73. 30,290,211 shares of the company were exchanged, compared to its average volume of 23,761,162. Barrick Gold Corp has a 52-week low of $15.11 and a 52-week high of $21.35. The stock has a 50 day simple moving average of $17.09 and a 200 day simple moving average of $18.10. The firm has a market cap of $32.34 billion, a price-to-earnings ratio of 15.22, 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 (NYSE:GOLD - Get Free Report) TSE: ABX last issued its earnings results on Wednesday, February 12th. The gold and copper producer reported $0.46 earnings per share for the quarter, meeting analysts' consensus estimates of $0.46. Barrick Gold had a return on equity of 6.76% and a net margin of 16.59%. As a group, analysts predict that Barrick Gold Corp will post 1.47 EPS for the current year.

Barrick Gold announced that its board has initiated a stock repurchase program on Wednesday, February 12th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the gold and copper producer to reacquire up to 3.2% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its shares are undervalued.

Barrick Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date is Friday, February 28th. Barrick Gold's dividend payout ratio (DPR) is presently 32.52%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on GOLD shares. Raymond James cut their price objective on Barrick Gold from $25.00 to $24.00 and set an "outperform" rating for the company in a research report on Friday, February 7th. Cibc World Mkts downgraded Barrick Gold from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 25th. Scotiabank increased their price objective on Barrick Gold from $19.00 to $20.00 and gave the company a "sector perform" rating in a research note on Tuesday, February 18th. Bank of America downgraded shares of Barrick Gold from a "buy" rating to a "neutral" rating and cut their target price for the company from $21.00 to $18.00 in a research note on Monday, January 27th. Finally, Berenberg Bank raised their price target on shares of Barrick Gold from $37.00 to $38.00 in a research note on Tuesday, November 26th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $23.75.

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.