Seaview Investment Managers LLC Purchases 81,476 Shares of Barrick Gold Corp (NYSE:GOLD)

Seaview Investment Managers LLC increased its position in shares of Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX by 15.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 603,466 shares of the gold and copper producer's stock after purchasing an additional 81,476 shares during the quarter. Barrick Gold accounts for 2.6% of Seaview Investment Managers LLC's investment portfolio, making the stock its 23rd biggest holding. Seaview Investment Managers LLC's holdings in Barrick Gold were worth $9,354,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in GOLD. Capital International Investors lifted its holdings in shares of Barrick Gold by 136.1% during the 4th quarter. Capital International Investors now owns 33,293,792 shares of the gold and copper producer's stock valued at $516,055,000 after acquiring an additional 19,189,830 shares in the last quarter. Causeway Capital Management LLC bought a new position in shares of Barrick Gold during the fourth quarter worth about $172,225,000. Wellington Management Group LLP increased its holdings in shares of Barrick Gold by 17.5% in the 4th quarter. Wellington Management Group LLP now owns 64,310,800 shares of the gold and copper producer's stock valued at $996,802,000 after acquiring an additional 9,598,292 shares during the last quarter. FIL Ltd lifted its position in shares of Barrick Gold by 236.7% in the 4th quarter. FIL Ltd now owns 6,815,946 shares of the gold and copper producer's stock worth $105,692,000 after buying an additional 4,791,663 shares during the last quarter. Finally, Capital International Inc. CA bought a new position in shares of Barrick Gold during the fourth quarter valued at approximately $57,991,000. 62.85% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. BMO Capital Markets began coverage on Barrick Gold in a research report on Wednesday, April 16th. They issued a "market perform" rating for the company. Raymond James lifted their target price on Barrick Gold from $23.00 to $23.50 and gave the company an "outperform" rating in a research note on Monday, March 31st. Scotiabank raised their price target on shares of Barrick Gold from $20.00 to $22.00 and gave the stock a "sector perform" rating in a report on Monday, April 14th. UBS Group upped their price objective on shares of Barrick Gold from $22.00 to $25.00 and gave the company a "buy" rating in a research note on Friday, April 11th. Finally, Citigroup decreased their target price on shares of Barrick Gold from $21.00 to $17.00 and set a "neutral" rating for the company in a research note on Monday, March 31st. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $24.05.

Barrick Gold Stock Performance

Shares of NYSE:GOLD traded up $0.29 during trading on Monday, reaching $20.46. The stock had a trading volume of 22,078,817 shares, compared to its average volume of 21,668,921. The company has a quick ratio of 2.15, a current ratio of 2.89 and a debt-to-equity ratio of 0.14. The stock has a fifty day simple moving average of $18.85 and a two-hundred day simple moving average of $17.91. The firm has a market capitalization of $35.18 billion, a price-to-earnings ratio of 16.63, a P/E/G ratio of 0.44 and a beta of 0.55. Barrick Gold Corp has a 52 week low of $15.11 and a 52 week high of $21.35.

Barrick Gold (NYSE:GOLD - Get Free Report) TSE: ABX last released its earnings results on Wednesday, February 12th. The gold and copper producer reported $0.46 earnings per share for the quarter, hitting 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, analysts anticipate that Barrick Gold Corp will post 1.47 earnings per share for the current fiscal year.

Barrick Gold announced that its Board of Directors has initiated a stock repurchase program 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 stock through open market purchases. Stock repurchase programs are usually an indication that the company's management believes its stock is undervalued.

Barrick Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders 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 1.96%. The ex-dividend date was Friday, February 28th. Barrick Gold's dividend payout ratio (DPR) is currently 32.52%.

About Barrick Gold

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.