271,195 Shares in Barrick Gold Corp (NYSE:GOLD) Bought by Quantbot Technologies LP

Quantbot Technologies LP purchased a new position in shares of Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 271,195 shares of the gold and copper producer's stock, valued at approximately $4,204,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Van ECK Associates Corp grew its holdings in shares of Barrick Gold by 2.1% during the fourth quarter. Van ECK Associates Corp now owns 76,299,834 shares of the gold and copper producer's stock valued at $1,182,641,000 after buying an additional 1,563,361 shares during the last quarter. Wellington Management Group LLP lifted its position in Barrick Gold by 2.7% in the 3rd quarter. Wellington Management Group LLP now owns 54,712,508 shares of the gold and copper producer's stock valued at $1,088,484,000 after acquiring an additional 1,458,084 shares in the last quarter. Amundi boosted its stake in Barrick Gold by 1.7% during the 4th quarter. Amundi now owns 14,120,278 shares of the gold and copper producer's stock valued at $223,665,000 after purchasing an additional 236,116 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Barrick Gold by 33.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 11,431,497 shares of the gold and copper producer's stock worth $227,524,000 after purchasing an additional 2,854,055 shares in the last quarter. Finally, Ruffer LLP raised its stake in shares of Barrick Gold by 14.8% in the fourth quarter. Ruffer LLP now owns 10,269,848 shares of the gold and copper producer's stock worth $159,180,000 after purchasing an additional 1,325,119 shares during the last quarter. Institutional investors own 62.85% of the company's stock.

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Barrick Gold Trading Up 2.2 %

Shares of NYSE GOLD traded up $0.41 during trading hours on Monday, hitting $19.19. The company's stock had a trading volume of 18,817,232 shares, compared to its average volume of 23,573,451. The business has a 50-day simple moving average of $17.15 and a 200-day simple moving average of $18.06. The stock has a market cap of $33.11 billion, a price-to-earnings ratio of 15.60, a P/E/G ratio of 0.44 and a beta of 0.58. 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 12 month low of $15.11 and a 12 month high of $21.35.

Barrick Gold (NYSE:GOLD - Get Free Report) TSE: ABX last issued its quarterly earnings data 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%. On average, analysts anticipate that Barrick Gold Corp will post 1.47 earnings per share for the current fiscal year.

Barrick Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date is Friday, February 28th. Barrick Gold's payout ratio is 32.52%.

Barrick Gold announced that its Board of Directors has approved a stock buyback program on Wednesday, February 12th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the gold and copper producer to repurchase up to 3.2% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

GOLD has been the topic of several analyst reports. CIBC cut Barrick Gold from a "sector outperform" rating to a "neutral" rating in a research report on Monday, November 25th. Cibc World Mkts downgraded shares of Barrick Gold from a "strong-buy" rating to a "hold" rating in a report on Monday, November 25th. Raymond James lowered their target price on shares of Barrick Gold from $25.00 to $24.00 and set an "outperform" rating for the company in a report on Friday, February 7th. Citigroup cut their price target on shares of Barrick Gold from $23.00 to $17.00 and set a "neutral" rating on the stock in a report on Friday, December 20th. Finally, TD Securities decreased 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 note on Thursday, February 13th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $23.75.

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.