O Shaughnessy Asset Management LLC Has $1.40 Million Position in Barrick Gold Corp (NYSE:GOLD)

O Shaughnessy Asset Management LLC cut its stake in shares of Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX by 17.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 90,573 shares of the gold and copper producer's stock after selling 18,838 shares during the period. O Shaughnessy Asset Management LLC's holdings in Barrick Gold were worth $1,403,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in GOLD. Holowesko Partners Ltd. grew its stake in Barrick Gold by 121.3% in the fourth quarter. Holowesko Partners Ltd. now owns 1,319,200 shares of the gold and copper producer's stock valued at $20,448,000 after acquiring an additional 723,200 shares during the period. Bcwm LLC acquired a new position in Barrick Gold in the fourth quarter valued at about $969,000. CIBC Private Wealth Group LLC grew its stake in Barrick Gold by 6.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 18,984 shares of the gold and copper producer's stock valued at $301,000 after acquiring an additional 1,220 shares during the period. Oaktree Fund Advisors LLC acquired a new position in Barrick Gold in the fourth quarter valued at about $1,055,000. Finally, Oaktree Capital Management LP acquired a new position in Barrick Gold in the fourth quarter valued at about $15,733,000. 62.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GOLD. National Bankshares reaffirmed an "outperform" rating on shares of Barrick Gold in a research report on Wednesday, April 2nd. 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 research report on Friday, April 4th. StockNews.com raised Barrick Gold from a "buy" rating to a "strong-buy" rating in a research report on Saturday, April 5th. Stifel Canada raised Barrick Gold to a "strong-buy" rating in a research report on Wednesday, March 19th. Finally, Scotiabank upped their price objective on Barrick Gold from $19.00 to $20.00 and gave the stock a "sector perform" rating in a research report on Tuesday, February 18th. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $23.79.

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Barrick Gold Stock Performance

Shares of NYSE GOLD traded up $0.48 during trading hours on Thursday, reaching $19.28. 8,724,447 shares of the stock were exchanged, compared to its average volume of 21,817,717. The firm has a market capitalization of $33.28 billion, a price-to-earnings ratio of 15.74, a P/E/G ratio of 0.44 and a beta of 0.55. 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 Corp has a 52 week low of $15.11 and a 52 week high of $21.35. The stock's fifty day simple moving average is $18.36 and its 200 day simple moving average is $17.93.

Barrick Gold (NYSE:GOLD - Get Free Report) TSE: ABX last announced 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 return on equity of 6.76% and a net margin of 16.59%. Sell-side analysts predict that Barrick Gold Corp will post 1.47 EPS for the current year.

Barrick Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend was Friday, February 28th. Barrick Gold's dividend payout ratio is currently 32.52%.

Barrick Gold announced that its Board of Directors has initiated a share buyback program 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 shares through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its stock is undervalued.

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.