Mondrian Investment Partners LTD Sells 583,573 Shares of Barrick Gold Corp (NYSE:GOLD)

Mondrian Investment Partners LTD lowered its holdings in shares of Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX by 10.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,057,342 shares of the gold and copper producer's stock after selling 583,573 shares during the period. Mondrian Investment Partners LTD owned about 0.29% of Barrick Gold worth $82,789,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its position in shares of Barrick Gold by 19.9% during the 3rd quarter. Principal Financial Group Inc. now owns 483,613 shares of the gold and copper producer's stock valued at $9,630,000 after acquiring an additional 80,366 shares during the period. Mizuho Markets Americas LLC grew its stake in shares of Barrick Gold by 21.7% in the 3rd quarter. Mizuho Markets Americas LLC now owns 2,317,580 shares of the gold and copper producer's stock valued at $46,097,000 after buying an additional 413,012 shares during the period. Charles Schwab Investment Management Inc. increased 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 in the last quarter. Crocodile Capital Partners GmbH lifted its position in 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 valued at $22,630,000 after acquiring an additional 720,000 shares in the last quarter. Finally, Chiron Investment Management LLC lifted its position in Barrick Gold by 36.5% in the 3rd quarter. Chiron Investment Management LLC now owns 604,199 shares of the gold and copper producer's stock valued at $12,018,000 after acquiring an additional 161,688 shares in the last quarter. Institutional investors own 62.85% of the company's stock.

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Analyst Upgrades and Downgrades

Several brokerages recently weighed in on GOLD. TD Securities dropped their price target on shares of Barrick Gold from $24.00 to $23.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Raymond James decreased their price objective on shares of Barrick Gold from $25.00 to $24.00 and set an "outperform" rating for the company in a research note on Friday, February 7th. Cibc World Mkts lowered shares of Barrick Gold from a "strong-buy" rating to a "hold" rating in a research note on Monday, November 25th. CIBC lowered shares of Barrick Gold from a "sector outperform" rating to a "neutral" rating in a research note on Monday, November 25th. Finally, UBS Group upgraded shares of Barrick Gold from a "neutral" rating to a "buy" rating and set a $22.00 price objective for the company in a research note on Wednesday, March 5th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Barrick Gold currently has an average rating of "Moderate Buy" and a consensus price target of $23.75.

Barrick Gold Stock Performance

GOLD stock traded up $0.41 during midday trading on Monday, reaching $19.19. 19,180,844 shares of the company's stock traded hands, compared to its average volume of 21,479,941. The company has a 50-day moving average price of $17.22 and a two-hundred day moving average price of $18.05. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.15 and a current ratio of 2.89. Barrick Gold Corp has a 52 week low of $0.25 and a 52 week high of $21.35. The firm has a market capitalization of $33.11 billion, a PE ratio of 15.60, a price-to-earnings-growth ratio of 0.44 and a beta of 0.58.

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 (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, equities analysts anticipate that Barrick Gold Corp will post 1.47 EPS for the current year.

Barrick Gold declared 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 shares. This repurchase authorization authorizes the gold and copper producer to purchase up to 3.2% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its shares are undervalued.

Barrick Gold Dividend Announcement

The business 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 $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 (DPR) is presently 32.52%.

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.