Barrick Gold Corp (NYSE:GOLD) Shares Sold by Scotia Capital Inc.

Scotia Capital Inc. reduced its position in shares of Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX by 14.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 528,299 shares of the gold and copper producer's stock after selling 91,896 shares during the quarter. Scotia Capital Inc.'s holdings in Barrick Gold were worth $8,169,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Chelsea Counsel Co. boosted its position in Barrick Gold by 1.4% during the 3rd quarter. Chelsea Counsel Co. now owns 42,973 shares of the gold and copper producer's stock valued at $855,000 after acquiring an additional 590 shares in the last quarter. VisionPoint Advisory Group LLC lifted its position in Barrick Gold by 6.7% during the 4th quarter. VisionPoint Advisory Group LLC now owns 14,051 shares of the gold and copper producer's stock worth $224,000 after acquiring an additional 880 shares during the period. Bangor Savings Bank boosted its position in Barrick Gold by 4.5% in the fourth quarter. Bangor Savings Bank now owns 22,025 shares of the gold and copper producer's stock valued at $341,000 after buying an additional 956 shares during the last quarter. Confluence Investment Management LLC increased its stake in shares of Barrick Gold by 3.4% in the fourth quarter. Confluence Investment Management LLC now owns 29,751 shares of the gold and copper producer's stock worth $461,000 after acquiring an additional 974 shares during the period. Finally, Mesirow Financial Investment Management Inc. boosted its holdings in Barrick Gold by 3.5% in the fourth quarter. Mesirow Financial Investment Management Inc. now owns 30,510 shares of the gold and copper producer's stock valued at $473,000 after purchasing an additional 1,035 shares during the last quarter. Institutional investors own 62.85% of the company's stock.

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Barrick Gold Stock Down 0.4 %

NYSE GOLD traded down $0.09 during trading hours on Tuesday, hitting $20.33. 19,978,319 shares of the company were exchanged, compared to its average volume of 21,817,229. Barrick Gold Corp has a 52-week low of $15.11 and a 52-week high of $21.35. The firm has a market cap of $34.95 billion, a price-to-earnings ratio of 16.52, a PEG ratio of 0.44 and a beta of 0.55. 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 company has a 50 day moving average of $18.55 and a two-hundred day moving average of $17.90.

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 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 research analysts anticipate that Barrick Gold Corp will post 1.47 earnings per share for the current year.

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

Barrick Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.97%. Barrick Gold's dividend payout ratio (DPR) is presently 32.52%.

Analyst Ratings Changes

Several analysts recently commented on GOLD shares. Stifel Canada upgraded shares of Barrick Gold to a "strong-buy" rating in a research report on Wednesday, March 19th. National Bankshares restated an "outperform" rating on shares of Barrick Gold in a research report on Wednesday, April 2nd. National Bank Financial raised shares of Barrick Gold to a "hold" rating in a report on Friday, March 21st. TD Securities cut their target price 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. Finally, Raymond James lifted their price objective on Barrick Gold from $23.00 to $23.50 and gave the stock an "outperform" rating in a report on Monday, March 31st. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Barrick Gold has a consensus rating of "Moderate Buy" and a consensus price target of $24.21.

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.