SBI Securities Co. Ltd. Takes $2.32 Million Position in Barrick Gold Corp (NYSE:GOLD)

SBI Securities Co. Ltd. purchased a new stake in shares of Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 149,842 shares of the gold and copper producer's stock, valued at approximately $2,323,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its holdings in shares of Barrick Gold by 204.2% during the fourth quarter. Jones Financial Companies Lllp now owns 41,399 shares of the gold and copper producer's stock worth $642,000 after purchasing an additional 27,788 shares during the last quarter. Metis Global Partners LLC lifted its position in Barrick Gold by 8.7% during the 4th quarter. Metis Global Partners LLC now owns 150,326 shares of the gold and copper producer's stock worth $2,331,000 after buying an additional 12,094 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in Barrick Gold by 74.9% in the 4th quarter. Oppenheimer & Co. Inc. now owns 40,851 shares of the gold and copper producer's stock valued at $633,000 after acquiring an additional 17,494 shares in the last quarter. Sprott Inc. raised its stake in shares of Barrick Gold by 63.1% in the fourth quarter. Sprott Inc. now owns 121,426 shares of the gold and copper producer's stock worth $1,882,000 after acquiring an additional 46,998 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Barrick Gold by 3.5% during the fourth quarter. Bank of New York Mellon Corp now owns 1,587,147 shares of the gold and copper producer's stock worth $24,601,000 after purchasing an additional 54,182 shares in the last quarter. 62.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. CIBC lowered Barrick Gold from a "sector outperform" rating to a "neutral" rating in a research report on Monday, November 25th. Citigroup dropped their price objective on Barrick Gold from $23.00 to $17.00 and set a "neutral" rating for the company in a report on Friday, December 20th. Scotiabank raised their target price 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. UBS Group raised shares of Barrick Gold from a "neutral" rating to a "buy" rating and set a $22.00 price target for the company in a research note on Wednesday. Finally, Berenberg Bank increased their price objective on shares of Barrick Gold from $37.00 to $38.00 in a report on Tuesday, November 26th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Barrick Gold has a consensus rating of "Moderate Buy" and an average price target of $23.75.

Barrick Gold Trading Up 4.0 %

Barrick Gold stock traded up $0.72 during mid-day trading on Wednesday, hitting $18.45. 23,778,679 shares of the company's stock were exchanged, compared to its average volume of 23,724,295. The company's 50 day simple moving average is $16.69 and its 200-day simple moving average is $18.16. The company has a quick ratio of 2.15, a current ratio of 2.89 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $31.86 billion, a P/E ratio of 15.00, a PEG ratio of 0.44 and a beta of 0.55. Barrick Gold Corp has a fifty-two week low of $15.11 and a fifty-two week high of $21.35.

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

Barrick Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Friday, February 28th. Barrick Gold's dividend payout ratio is 32.52%.

Barrick Gold announced that its board has approved a stock repurchase plan on Wednesday, February 12th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the gold and copper producer to purchase up to 3.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its stock is undervalued.

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.