Lonestar Capital Management LLC Invests $2.71 Million in Barrick Gold Corp (NYSE:GOLD)

Lonestar Capital Management LLC purchased a new stake in shares of Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 175,000 shares of the gold and copper producer's stock, valued at approximately $2,712,000. Barrick Gold makes up approximately 1.0% of Lonestar Capital Management LLC's holdings, making the stock its 16th biggest holding.

Several other institutional investors and hedge funds also recently bought and sold shares of GOLD. Van ECK Associates Corp lifted its holdings in shares of Barrick Gold by 2.1% in the fourth 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 buying an additional 1,563,361 shares in the last quarter. Vanguard Group Inc. lifted its stake in Barrick Gold by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 68,358,533 shares of the gold and copper producer's stock worth $1,060,036,000 after purchasing an additional 1,195,585 shares in the last quarter. Wellington Management Group LLP boosted its holdings 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. Capital International Investors grew its position in shares of Barrick Gold by 136.1% during the 4th quarter. Capital International Investors now owns 33,293,792 shares of the gold and copper producer's stock valued at $516,055,000 after purchasing an additional 19,189,830 shares in the last quarter. Finally, Amundi increased its holdings in shares of Barrick Gold by 1.7% in the fourth quarter. Amundi now owns 14,120,278 shares of the gold and copper producer's stock worth $223,665,000 after purchasing an additional 236,116 shares during the period. 62.85% of the stock is owned by institutional investors.

Barrick Gold Trading Down 1.9 %

Shares of GOLD opened at $19.05 on Monday. The stock has a market capitalization of $32.76 billion, a P/E ratio of 15.49, a PEG ratio of 0.44 and a beta of 0.55. Barrick Gold Corp has a twelve month low of $15.11 and a twelve month high of $21.35. 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 has a fifty day simple moving average of $18.95 and a two-hundred day simple moving average of $17.90.

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

Barrick Gold Announces Dividend

The firm also recently announced 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 was Friday, February 28th. This represents a $0.40 annualized dividend and a dividend yield of 2.10%. Barrick Gold's dividend payout ratio (DPR) is presently 32.52%.

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on GOLD. National Bankshares reissued an "outperform" rating on shares of Barrick Gold in a research note on Wednesday, April 2nd. Royal Bank of Canada boosted their price objective on Barrick Gold from $22.00 to $23.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Bank of America downgraded shares of Barrick Gold from a "buy" rating to a "neutral" rating and lowered their target price for the company from $21.00 to $18.00 in a research note on Monday, January 27th. National Bank Financial raised shares of Barrick Gold to a "hold" rating in a report on Friday, March 21st. Finally, StockNews.com raised shares of Barrick Gold from a "buy" rating to a "strong-buy" rating in a report on Saturday, April 5th. Seven 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 stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $24.05.

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.

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