Blue Trust Inc. Has $389,000 Stock Holdings in Barrick Gold Corp (NYSE:GOLD)

Blue Trust Inc. lowered its position in shares of Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX by 35.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,111 shares of the gold and copper producer's stock after selling 13,986 shares during the quarter. Blue Trust Inc.'s holdings in Barrick Gold were worth $389,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Exchange Traded Concepts LLC boosted its holdings in shares of Barrick Gold by 198.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,407 shares of the gold and copper producer's stock valued at $28,000 after buying an additional 935 shares during the last quarter. Eastern Bank acquired a new stake in shares of Barrick Gold in the 3rd quarter valued at approximately $32,000. JFS Wealth Advisors LLC boosted its holdings in shares of Barrick Gold by 451.7% in the 3rd quarter. JFS Wealth Advisors LLC now owns 1,909 shares of the gold and copper producer's stock valued at $38,000 after buying an additional 1,563 shares during the last quarter. BNP Paribas boosted its holdings in shares of Barrick Gold by 221.7% in the 3rd quarter. BNP Paribas now owns 3,066 shares of the gold and copper producer's stock valued at $62,000 after buying an additional 2,113 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of Barrick Gold in the 4th quarter valued at approximately $65,000. Institutional investors and hedge funds own 62.85% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Cibc World Mkts downgraded Barrick Gold from a "strong-buy" rating to a "hold" rating in a report on Monday, November 25th. Scotiabank increased their price target on Barrick Gold from $19.00 to $20.00 and gave the company a "sector perform" rating in a research note on Tuesday. Citigroup dropped their price target on Barrick Gold from $23.00 to $17.00 and set a "neutral" rating on the stock in a research note on Friday, December 20th. UBS Group cut Barrick Gold from a "buy" rating to a "neutral" rating and dropped their price target for the company from $23.00 to $22.00 in a research note on Wednesday, October 30th. Finally, TD Securities dropped their price target on Barrick Gold from $24.00 to $23.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Barrick Gold presently has a consensus rating of "Moderate Buy" and a consensus target price of $23.75.

Barrick Gold Price Performance

Shares of NYSE GOLD traded down $0.52 during mid-day trading on Friday, reaching $18.31. The company had a trading volume of 29,771,600 shares, compared to its average volume of 22,819,328. 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 one year low of $14.27 and a one year high of $21.35. The firm has a market cap of $31.61 billion, a price-to-earnings ratio of 14.88, a PEG ratio of 0.44 and a beta of 0.55. The business's 50-day simple moving average is $16.35 and its 200 day simple moving average is $18.18.

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 analysts' consensus estimates of $0.46. Barrick Gold had a return on equity of 6.76% and a net margin of 16.59%. On average, research analysts predict that Barrick Gold Corp will post 1.47 earnings per share for the current fiscal year.

Barrick Gold Announces Dividend

The business also recently declared 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. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend is Friday, February 28th. Barrick Gold's payout ratio is currently 32.52%.

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

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.