68,033 Shares in Barrick Gold Corp (NYSE:GOLD) Acquired by Oaktree Fund Advisors LLC

Oaktree Fund Advisors LLC acquired a new stake in shares of Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 68,033 shares of the gold and copper producer's stock, valued at approximately $1,055,000. Barrick Gold comprises 1.8% of Oaktree Fund Advisors LLC's portfolio, making the stock its 17th largest holding.

A number of other hedge funds also recently added to or reduced their stakes in GOLD. Crowley Wealth Management Inc. purchased a new stake in shares of Barrick Gold during the fourth quarter worth approximately $26,000. First Horizon Advisors Inc. lifted its stake in shares of Barrick Gold by 619.7% in the 4th quarter. First Horizon Advisors Inc. now owns 3,073 shares of the gold and copper producer's stock worth $48,000 after acquiring an additional 2,646 shares during the period. Newbridge Financial Services Group Inc. acquired a new stake in shares of Barrick Gold in the 4th quarter worth $65,000. Exchange Traded Concepts LLC boosted its holdings in shares of Barrick Gold by 196.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 4,178 shares of the gold and copper producer's stock valued at $65,000 after acquiring an additional 2,771 shares in the last quarter. Finally, Principal Securities Inc. increased its stake in shares of Barrick Gold by 119.4% during the fourth quarter. Principal Securities Inc. now owns 4,848 shares of the gold and copper producer's stock worth $75,000 after acquiring an additional 2,638 shares during the period. 62.85% of the stock is owned by institutional investors and hedge funds.

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Barrick Gold Price Performance

Shares of NYSE:GOLD traded up $0.20 on Thursday, hitting $19.61. The company had a trading volume of 19,173,273 shares, compared to its average volume of 21,763,643. The company has a current ratio of 2.89, a quick ratio of 2.15 and a debt-to-equity ratio of 0.14. The company has a market cap of $33.84 billion, a PE ratio of 15.94, a PEG ratio of 0.44 and a beta of 0.58. Barrick Gold Corp has a 52-week low of $15.11 and a 52-week high of $21.35. The business has a 50 day moving average of $18.07 and a 200 day moving average of $18.02.

Barrick Gold (NYSE:GOLD - Get Free Report) TSE: ABX last released its earnings results 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%. As a group, equities analysts anticipate that Barrick Gold Corp will post 1.47 earnings per share for the current fiscal year.

Barrick Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date 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 repurchase program 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 purchase up to 3.2% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

GOLD has been the topic of a number of analyst reports. Stifel Canada raised Barrick Gold to a "strong-buy" rating in a report on Wednesday, March 19th. TD Securities dropped their price objective on Barrick Gold from $24.00 to $23.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Citigroup reduced their target price on Barrick Gold from $21.00 to $17.00 and set a "neutral" rating for the company in a report on Monday. Raymond James upped their price target on shares of Barrick Gold from $23.00 to $23.50 and gave the stock an "outperform" rating in a research note on Monday. Finally, Scotiabank raised their price objective on shares of 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, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Barrick Gold currently has an average rating of "Moderate Buy" and a consensus target price of $23.71.

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.