Lansdowne Partners UK LLP Sells 24,552 Shares of Barrick Gold Corp (NYSE:GOLD)

Lansdowne Partners UK LLP trimmed its stake in shares of Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX by 40.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,122 shares of the gold and copper producer's stock after selling 24,552 shares during the quarter. Barrick Gold comprises approximately 0.0% of Lansdowne Partners UK LLP's investment portfolio, making the stock its 21st biggest position. Lansdowne Partners UK LLP's holdings in Barrick Gold were worth $560,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Wellington Management Group LLP boosted its stake in Barrick Gold by 17.5% in the 4th quarter. Wellington Management Group LLP now owns 64,310,800 shares of the gold and copper producer's stock valued at $996,802,000 after purchasing an additional 9,598,292 shares during the period. FIL Ltd boosted its position in shares of Barrick Gold by 236.7% in the fourth quarter. FIL Ltd now owns 6,815,946 shares of the gold and copper producer's stock valued at $105,692,000 after acquiring an additional 4,791,663 shares during the period. Geode Capital Management LLC grew its stake in shares of Barrick Gold by 32.4% in the fourth quarter. Geode Capital Management LLC now owns 10,650,999 shares of the gold and copper producer's stock valued at $169,261,000 after acquiring an additional 2,603,744 shares in the last quarter. Allianz SE bought a new position in Barrick Gold during the fourth quarter worth about $33,726,000. Finally, Van ECK Associates Corp raised its stake in Barrick Gold by 2.1% in the 4th quarter. Van ECK Associates Corp now owns 76,299,834 shares of the gold and copper producer's stock worth $1,182,641,000 after purchasing an additional 1,563,361 shares in the last quarter. 62.85% of the stock is currently owned by institutional investors and hedge funds.

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Barrick Gold Trading Up 0.3 %

Shares of Barrick Gold stock traded up $0.06 on Tuesday, hitting $20.47. 2,375,313 shares of the company's stock traded hands, compared to its average volume of 21,750,583. The company has a fifty day moving average of $18.55 and a two-hundred day moving average of $17.90. Barrick Gold Corp has a one year low of $15.11 and a one year high of $21.35. The company has a market capitalization of $35.19 billion, a price-to-earnings ratio of 16.62, 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 current ratio of 2.89 and a quick ratio of 2.15.

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

Barrick Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date was Friday, February 28th. Barrick Gold's payout ratio is 32.52%.

Barrick Gold declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, February 12th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the gold and copper producer to reacquire up to 3.2% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its shares are undervalued.

Analyst Ratings Changes

GOLD has been the topic of several recent research reports. TD Securities lowered their target price 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. Royal Bank of Canada raised their price objective on Barrick Gold from $22.00 to $23.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. Scotiabank upped their price target on shares of Barrick Gold from $20.00 to $22.00 and gave the stock a "sector perform" rating in a report on Monday. StockNews.com upgraded shares of Barrick Gold from a "buy" rating to a "strong-buy" rating in a research note on Saturday, April 5th. Finally, National Bank Financial upgraded Barrick Gold to a "hold" rating in a research report on Friday, March 21st. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $24.21.

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.