Barrick Gold Corp (NYSE:GOLD) Stock Holdings Lifted by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System increased its holdings in Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX by 4.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 465,126 shares of the gold and copper producer's stock after acquiring an additional 20,912 shares during the quarter. Maryland State Retirement & Pension System's holdings in Barrick Gold were worth $7,209,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Principal Financial Group Inc. raised its stake in shares of Barrick Gold by 19.9% in the 3rd quarter. Principal Financial Group Inc. now owns 483,613 shares of the gold and copper producer's stock valued at $9,630,000 after purchasing an additional 80,366 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Barrick Gold by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,073,717 shares of the gold and copper producer's stock valued at $78,637,000 after purchasing an additional 128,203 shares in the last quarter. Crocodile Capital Partners GmbH raised its stake in shares of Barrick Gold by 97.3% in the 4th quarter. Crocodile Capital Partners GmbH now owns 1,460,000 shares of the gold and copper producer's stock valued at $22,630,000 after purchasing an additional 720,000 shares in the last quarter. Chiron Investment Management LLC raised its stake in shares of Barrick Gold by 36.5% in the 3rd quarter. Chiron Investment Management LLC now owns 604,199 shares of the gold and copper producer's stock valued at $12,018,000 after purchasing an additional 161,688 shares in the last quarter. Finally, Legend Financial Advisors Inc. acquired a new stake in shares of Barrick Gold in the 4th quarter valued at about $700,000. Institutional investors and hedge funds own 62.85% of the company's stock.

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Wall Street Analyst Weigh In

GOLD has been the subject of a number of recent research reports. Bank of America downgraded shares of Barrick Gold from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $21.00 to $18.00 in a research report on Monday, January 27th. CIBC cut Barrick Gold from a "sector outperform" rating to a "neutral" rating in a research report on Monday, November 25th. Stifel Canada raised Barrick Gold to a "strong-buy" rating in a report on Wednesday. Raymond James lowered their price objective on Barrick Gold from $25.00 to $24.00 and set an "outperform" rating for the company in a research note on Friday, February 7th. Finally, Berenberg Bank boosted their price target on shares of Barrick Gold from $37.00 to $38.00 in a report on Tuesday, November 26th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $23.75.

Barrick Gold Price Performance

Shares of GOLD stock traded down $0.43 during mid-day trading on Friday, hitting $18.86. 24,998,580 shares of the stock traded hands, compared to its average volume of 21,591,432. Barrick Gold Corp has a twelve month low of $0.25 and a twelve month high of $21.35. The firm has a market cap of $32.54 billion, a price-to-earnings ratio of 15.33, a price-to-earnings-growth ratio of 0.44 and a beta of 0.58. The company's 50-day simple moving average is $17.50 and its 200-day simple moving average is $18.04. 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 (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 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, equities research analysts expect that Barrick Gold Corp will post 1.47 earnings per share for the current year.

Barrick Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders 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 annualized dividend and a yield of 2.12%. Barrick Gold's dividend payout ratio (DPR) is 32.52%.

Barrick Gold declared that its board has authorized a stock repurchase program on Wednesday, February 12th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the gold and copper producer to purchase up to 3.2% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors 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.