Nikko Asset Management Americas Inc. Has $1.56 Million Stock Holdings in Barrick Gold Corp (NYSE:GOLD)

Nikko Asset Management Americas Inc. cut its position in shares of Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX by 14.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 100,444 shares of the gold and copper producer's stock after selling 16,325 shares during the period. Nikko Asset Management Americas Inc.'s holdings in Barrick Gold were worth $1,557,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. grew its stake in Barrick Gold by 19.9% in 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 buying an additional 80,366 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Barrick Gold by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,073,717 shares of the gold and copper producer's stock valued at $78,637,000 after buying an additional 128,203 shares during the last quarter. Crocodile Capital Partners GmbH grew its stake 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 buying an additional 720,000 shares during the last quarter. Chiron Investment Management LLC grew its stake 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 buying an additional 161,688 shares during the last quarter. Finally, Legend Financial Advisors Inc. acquired a new position in Barrick Gold in the 4th quarter valued at about $700,000. 62.85% of the stock is currently owned by institutional investors and hedge funds.

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Barrick Gold Trading Up 0.9 %

NYSE GOLD traded up $0.17 on Tuesday, hitting $19.35. The company's stock had a trading volume of 28,656,850 shares, compared to its average volume of 21,622,602. The company has a quick ratio of 2.15, a current ratio of 2.89 and a debt-to-equity ratio of 0.14. Barrick Gold Corp has a 1-year low of $0.25 and a 1-year high of $21.35. The company's 50-day moving average is $17.22 and its 200 day moving average is $18.05. The firm has a market cap of $33.39 billion, a PE ratio of 15.73, a PEG ratio of 0.44 and a beta of 0.58.

Barrick Gold (NYSE:GOLD - Get Free Report) TSE: ABX last announced its quarterly earnings results on Wednesday, February 12th. The gold and copper producer reported $0.46 earnings per share (EPS) 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%. As a group, analysts predict that Barrick Gold Corp will post 1.47 earnings per share for the current fiscal year.

Barrick Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.07%. The ex-dividend date was Friday, February 28th. Barrick Gold's dividend payout ratio (DPR) is presently 32.52%.

Barrick Gold announced that its board has approved a share 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 usually a sign that the company's management believes its stock is undervalued.

Analyst Ratings Changes

A number of research analysts have issued reports on GOLD shares. Raymond James decreased their target price on shares of Barrick Gold from $25.00 to $24.00 and set an "outperform" rating on the stock in a research report on Friday, February 7th. TD Securities decreased their target price 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. Bank of America lowered shares of Barrick Gold from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $21.00 to $18.00 in a research report on Monday, January 27th. UBS Group upgraded shares of Barrick Gold from a "neutral" rating to a "buy" rating and set a $22.00 target price on the stock in a research report on Wednesday, March 5th. Finally, Citigroup cut their price target on shares of Barrick Gold from $23.00 to $17.00 and set a "neutral" rating for the company in a report on Friday, December 20th. Five equities 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, the company has a consensus 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.