Sei Investments Co. Purchases 24,526 Shares of Barrick Gold Corp (NYSE:GOLD)

Sei Investments Co. boosted its position in Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX by 3.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 792,553 shares of the gold and copper producer's stock after acquiring an additional 24,526 shares during the quarter. Sei Investments Co.'s holdings in Barrick Gold were worth $12,285,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in GOLD. Van ECK Associates Corp boosted its holdings in shares of Barrick Gold by 2.1% in the 4th quarter. Van ECK Associates Corp now owns 76,299,834 shares of the gold and copper producer's stock worth $1,182,641,000 after purchasing an additional 1,563,361 shares in the last quarter. Wellington Management Group LLP grew its position in Barrick Gold by 2.7% during the third 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 during the last quarter. Amundi raised its stake in shares of Barrick Gold by 1.7% during the fourth quarter. Amundi now owns 14,120,278 shares of the gold and copper producer's stock worth $223,665,000 after acquiring an additional 236,116 shares in the last quarter. Ruffer LLP lifted its holdings in shares of Barrick Gold by 14.8% in the 4th quarter. Ruffer LLP now owns 10,269,848 shares of the gold and copper producer's stock worth $159,180,000 after acquiring an additional 1,325,119 shares during the last quarter. Finally, ANTIPODES PARTNERS Ltd boosted its stake in shares of Barrick Gold by 4.2% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 10,051,460 shares of the gold and copper producer's stock valued at $155,810,000 after purchasing an additional 408,684 shares in the last quarter. Hedge funds and other institutional investors own 62.85% of the company's stock.

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Barrick Gold Stock Up 1.2 %

GOLD traded up $0.23 during trading on Tuesday, reaching $19.67. The stock had a trading volume of 25,159,008 shares, compared to its average volume of 21,859,850. 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 capitalization of $33.95 billion, a price-to-earnings ratio of 16.00, a P/E/G ratio of 0.44 and a beta of 0.58. The stock's 50 day moving average is $17.92 and its two-hundred day moving average is $18.02. Barrick Gold Corp has a one year low of $15.11 and a one year high of $21.35.

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

Barrick Gold declared that its board has authorized a share buyback plan on Wednesday, February 12th that authorizes the company to buyback $1.00 billion in 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 plans are generally an indication that the company's leadership believes its shares are undervalued.

Barrick Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were given a $0.10 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.03%. Barrick Gold's dividend payout ratio is currently 32.52%.

Analysts Set New Price Targets

GOLD has been the topic of a number of analyst reports. Bank of America cut shares of Barrick Gold from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $21.00 to $18.00 in a research report on Monday, January 27th. Raymond James raised their price target on Barrick Gold from $23.00 to $23.50 and gave the stock an "outperform" rating in a research report on Monday. Scotiabank boosted their price objective on Barrick Gold from $19.00 to $20.00 and gave the company a "sector perform" rating in a research report on Tuesday, February 18th. TD Securities cut their target price on shares of Barrick Gold from $24.00 to $23.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Finally, Citigroup decreased their target price on shares of Barrick Gold from $21.00 to $17.00 and set a "neutral" rating on the stock in a research note on Monday. Six equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's 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.

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.