Jump Financial LLC Sells 42,841 Shares of Barrick Gold Corp (NYSE:GOLD)

Jump Financial LLC trimmed its holdings in Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX by 72.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,359 shares of the gold and copper producer's stock after selling 42,841 shares during the period. Jump Financial LLC's holdings in Barrick Gold were worth $254,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Bank of America downgraded Barrick Gold from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $21.00 to $18.00 in a report on Monday, January 27th. TD Securities decreased their price objective on Barrick Gold from $24.00 to $23.00 and set a "buy" rating for the company in a report on Thursday, February 13th. National Bank Financial upgraded Barrick Gold to a "hold" rating in a report on Friday, March 21st. Stifel Canada raised Barrick Gold to a "strong-buy" rating in a research report on Wednesday, March 19th. Finally, StockNews.com raised Barrick Gold from a "buy" rating to a "strong-buy" rating in a research report on Saturday, April 5th. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $24.05.

Barrick Gold Stock Performance

Barrick Gold stock traded up $0.25 during midday trading on Monday, reaching $19.30. The stock had a trading volume of 16,481,389 shares, compared to its average volume of 21,597,208. The firm has a market capitalization of $33.19 billion, a PE ratio of 15.69, a P/E/G ratio of 0.44 and a beta of 0.55. 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 firm's 50-day moving average price is $18.96 and its 200 day moving average price is $17.90. Barrick Gold Corp has a 12 month low of $15.11 and a 12 month high of $21.35.

Barrick Gold (NYSE:GOLD - Get Free Report) TSE: ABX last posted its earnings results on Wednesday, February 12th. The gold and copper producer reported $0.46 earnings per share for the quarter, hitting 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, research 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 initiated a stock repurchase plan on Wednesday, February 12th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the gold and copper producer to repurchase up to 3.2% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board of directors believes its stock is undervalued.

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 $0.10 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.07%. 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.