Massachusetts Financial Services Co. MA Sells 38,489 Shares of Barrick Gold Corp (NYSE:GOLD)

Massachusetts Financial Services Co. MA decreased its stake in Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX by 11.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 286,633 shares of the gold and copper producer's stock after selling 38,489 shares during the period. Massachusetts Financial Services Co. MA's holdings in Barrick Gold were worth $4,443,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Trexquant Investment LP raised its holdings in Barrick Gold by 142.7% in the 4th quarter. Trexquant Investment LP now owns 1,215,136 shares of the gold and copper producer's stock valued at $18,835,000 after acquiring an additional 714,497 shares in the last quarter. Geode Capital Management LLC raised its position in Barrick Gold by 32.4% in the 4th 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 purchasing an additional 2,603,744 shares during the last quarter. StoneX Group Inc. boosted its stake in Barrick Gold by 16.0% in the fourth quarter. StoneX Group Inc. now owns 23,141 shares of the gold and copper producer's stock worth $359,000 after purchasing an additional 3,194 shares in the last quarter. Meridian Investment Counsel Inc. increased its stake in shares of Barrick Gold by 38.9% in the fourth quarter. Meridian Investment Counsel Inc. now owns 65,266 shares of the gold and copper producer's stock valued at $1,012,000 after buying an additional 18,266 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Barrick Gold by 5.6% in the fourth quarter. Franklin Resources Inc. now owns 4,049,908 shares of the gold and copper producer's stock valued at $62,765,000 after buying an additional 216,394 shares during the last quarter. Institutional investors own 62.85% of the company's stock.

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Barrick Gold Trading Up 7.0 %

Shares of NYSE:GOLD traded up $1.35 during mid-day trading on Friday, reaching $20.59. The stock had a trading volume of 41,724,502 shares, compared to its average volume of 21,921,418. The firm has a 50 day simple moving average of $18.49 and a two-hundred day simple moving average of $17.92. Barrick Gold Corp has a twelve month low of $15.11 and a twelve month high of $21.35. 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 current ratio of 2.89, a quick ratio of 2.15 and a debt-to-equity ratio of 0.14.

Barrick Gold (NYSE:GOLD - Get Free Report) TSE: ABX last issued its earnings results on Wednesday, February 12th. The gold and copper producer reported $0.46 EPS for the quarter, meeting the consensus estimate of $0.46. Barrick Gold had a net margin of 16.59% and a return on equity of 6.76%. On average, research analysts predict that Barrick Gold Corp will post 1.47 EPS for the current fiscal year.

Barrick Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.40 annualized dividend and a yield of 1.94%. Barrick Gold's dividend payout ratio is presently 32.52%.

Barrick Gold announced that its board has initiated a share repurchase program on Wednesday, February 12th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the gold and copper producer to repurchase up to 3.2% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board believes its shares are undervalued.

Analyst Ratings Changes

Several research firms have weighed in on GOLD. TD Securities lowered their price objective on shares of Barrick Gold from $24.00 to $23.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Citigroup lowered their price target on shares of Barrick Gold from $21.00 to $17.00 and set a "neutral" rating for the company in a report on Monday, March 31st. Royal Bank of Canada upped 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. StockNews.com raised Barrick Gold from a "buy" rating to a "strong-buy" rating in a research note on Saturday, April 5th. Finally, Scotiabank upped their price target on Barrick Gold from $19.00 to $20.00 and gave the company a "sector perform" rating in a research note on Tuesday, February 18th. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.04.

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.