Barrick Gold Corp (NYSE:GOLD) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC lifted its stake in shares of Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX by 32.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,650,999 shares of the gold and copper producer's stock after buying an additional 2,603,744 shares during the quarter. Geode Capital Management LLC owned approximately 0.62% of Barrick Gold worth $169,261,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in GOLD. Crowley Wealth Management Inc. acquired a new position in Barrick Gold during the 4th quarter worth approximately $26,000. First Horizon Advisors Inc. grew its stake in shares of Barrick Gold by 619.7% during the fourth quarter. First Horizon Advisors Inc. now owns 3,073 shares of the gold and copper producer's stock worth $48,000 after purchasing an additional 2,646 shares in the last quarter. Exchange Traded Concepts LLC increased 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 buying an additional 2,771 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in Barrick Gold in the fourth quarter valued at $65,000. Finally, Principal Securities Inc. lifted its holdings in Barrick Gold by 119.4% during the 4th quarter. Principal Securities Inc. now owns 4,848 shares of the gold and copper producer's stock worth $75,000 after buying an additional 2,638 shares during the last quarter. 62.85% of the stock is currently owned by hedge funds and other institutional investors.

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Barrick Gold Stock Performance

Barrick Gold stock traded up $1.35 during mid-day trading on Friday, reaching $20.59. 41,724,502 shares of the company were exchanged, compared to its average volume of 21,921,418. The firm has a market cap of $35.41 billion, a PE ratio of 16.74, a price-to-earnings-growth ratio of 0.44 and a beta of 0.55. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.15 and a current ratio of 2.89. The firm's 50-day simple moving average is $18.49 and its two-hundred day simple moving average is $17.92. Barrick Gold Corp has a twelve month low of $15.11 and a twelve month high of $21.35.

Barrick Gold (NYSE:GOLD - Get Free Report) TSE: ABX last posted its quarterly earnings data 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 net margin of 16.59% and a return on equity of 6.76%. Equities analysts predict 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 authorized a share buyback 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 reacquire up to 3.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's management believes its shares are undervalued.

Barrick Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.94%. Barrick Gold's dividend payout ratio (DPR) is 32.52%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. National Bank Financial raised Barrick Gold to a "hold" rating in a research report on Friday, March 21st. TD Securities cut their price objective on shares of Barrick Gold from $24.00 to $23.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Scotiabank upped their target price on shares of Barrick Gold from $19.00 to $20.00 and gave the company a "sector perform" rating in a report on Tuesday, February 18th. Stifel Canada upgraded shares of Barrick Gold to a "strong-buy" rating in a research note on Wednesday, March 19th. Finally, Raymond James upped their price objective on shares of Barrick Gold from $23.00 to $23.50 and gave the company an "outperform" rating in a research note on Monday, March 31st. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Barrick Gold has an average rating of "Moderate Buy" and an average price target of $24.04.

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.