TD Waterhouse Canada Inc. Has $5.31 Million Holdings in Barrick Gold Corp (NYSE:GOLD)

TD Waterhouse Canada Inc. lessened its holdings in shares of Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX by 14.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 344,087 shares of the gold and copper producer's stock after selling 60,270 shares during the period. TD Waterhouse Canada Inc.'s holdings in Barrick Gold were worth $5,312,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Crowley Wealth Management Inc. bought a new stake in Barrick Gold in the fourth quarter valued at about $26,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Barrick Gold in the 4th quarter valued at $37,000. First Horizon Advisors Inc. lifted its holdings in Barrick Gold by 619.7% during the fourth 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 in the last quarter. Exchange Traded Concepts LLC grew its stake in 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 during the period. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of Barrick Gold during the fourth quarter worth about $65,000. 62.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Scotiabank increased their target price on Barrick Gold from $20.00 to $22.00 and gave the stock a "sector perform" rating in a research note on Monday, April 14th. National Bank Financial upgraded Barrick Gold to a "hold" rating in a report on Friday, March 21st. StockNews.com upgraded Barrick Gold from a "buy" rating to a "strong-buy" rating in a research note on Saturday, April 5th. National Bankshares reaffirmed an "outperform" rating on shares of Barrick Gold in a research report on Wednesday, April 2nd. Finally, Bank of America downgraded shares of Barrick Gold from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $21.00 to $18.00 in a report on Monday, January 27th. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.05.

Barrick Gold Stock Performance

Shares of GOLD traded down $0.36 during mid-day trading on Friday, reaching $19.05. The company's stock had a trading volume of 17,025,297 shares, compared to its average volume of 21,694,627. 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 stock has a market cap of $32.76 billion, a P/E ratio of 15.49, a PEG ratio of 0.44 and a beta of 0.55. Barrick Gold Corp has a 1-year low of $15.11 and a 1-year high of $21.35. The business has a 50-day simple moving average of $18.93 and a two-hundred day simple moving average of $17.93.

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 EPS for the quarter, meeting 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, equities research analysts anticipate that Barrick Gold Corp will post 1.47 earnings per share for the current fiscal year.

Barrick Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend was Friday, February 28th. Barrick Gold's dividend payout ratio is presently 32.52%.

Barrick Gold announced that its board has authorized a share buyback program on Wednesday, February 12th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the gold and copper producer to reacquire up to 3.2% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board believes its shares are 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.