Natixis Advisors LLC Sells 29,610 Shares of Barrick Gold Corp (NYSE:GOLD)

Natixis Advisors LLC lessened its position in shares of Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX by 17.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 144,694 shares of the gold and copper producer's stock after selling 29,610 shares during the period. Natixis Advisors LLC's holdings in Barrick Gold were worth $2,243,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in GOLD. First Horizon Advisors Inc. lifted its position in shares of 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. BNP Paribas lifted its position in Barrick Gold by 221.7% during the 3rd quarter. BNP Paribas now owns 3,066 shares of the gold and copper producer's stock worth $62,000 after buying an additional 2,113 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Barrick Gold by 196.9% during the 4th quarter. Exchange Traded Concepts LLC now owns 4,178 shares of the gold and copper producer's stock worth $65,000 after buying an additional 2,771 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new position in shares of Barrick Gold in the 4th quarter valued at about $65,000. Finally, Avior Wealth Management LLC increased its position in shares of Barrick Gold by 24.1% in the third quarter. Avior Wealth Management LLC now owns 3,399 shares of the gold and copper producer's stock valued at $68,000 after acquiring an additional 659 shares during the last quarter. Institutional investors own 62.85% of the company's stock.

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Barrick Gold Price Performance

Barrick Gold stock traded up $0.26 during trading hours on Thursday, reaching $19.57. 15,554,614 shares of the stock were exchanged, compared to its average volume of 21,554,306. The stock has a 50 day moving average of $17.71 and a two-hundred day moving average of $18.04. The company has a market cap of $33.76 billion, a P/E ratio of 15.91, a price-to-earnings-growth ratio of 0.44 and a beta of 0.58. 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 Corp has a twelve month low of $0.25 and a twelve month high of $21.35.

Barrick Gold (NYSE:GOLD - Get Free Report) TSE: ABX last announced its quarterly earnings data on Wednesday, February 12th. The gold and copper producer reported $0.46 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.46. Barrick Gold had a net margin of 16.59% and a return on equity of 6.76%. Equities analysts expect that Barrick Gold Corp will post 1.47 EPS for the current fiscal year.

Barrick Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, February 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.04%. Barrick Gold's dividend payout ratio (DPR) is currently 32.52%.

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

Analysts Set New Price Targets

Several research analysts recently commented on the company. Stifel Canada raised Barrick Gold to a "strong-buy" rating in a research report on Wednesday, March 19th. Citigroup decreased their price target on shares of Barrick Gold from $23.00 to $17.00 and set a "neutral" rating on the stock in a research note on Friday, December 20th. National Bank Financial upgraded shares of Barrick Gold to a "hold" rating in a research report on Friday, March 21st. UBS Group raised Barrick Gold from a "neutral" rating to a "buy" rating and set a $22.00 target price on the stock in a research report on Wednesday, March 5th. Finally, Bank of America cut Barrick Gold from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $21.00 to $18.00 in a report on Monday, January 27th. Six investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $23.75.

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.