UniSuper Management Pty Ltd Has $521,000 Stock Position in Barrick Gold Corp (NYSE:GOLD)

UniSuper Management Pty Ltd trimmed its stake in shares of Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX by 33.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 33,600 shares of the gold and copper producer's stock after selling 17,006 shares during the quarter. UniSuper Management Pty Ltd's holdings in Barrick Gold were worth $521,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of GOLD. Van ECK Associates Corp grew its stake in 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 worth $1,182,641,000 after buying an additional 1,563,361 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Barrick Gold by 2.7% during the 3rd quarter. Wellington Management Group LLP now owns 54,712,508 shares of the gold and copper producer's stock worth $1,088,484,000 after acquiring an additional 1,458,084 shares during the period. Ruffer LLP boosted its position in shares of Barrick Gold by 14.8% during 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 in the last quarter. Vanguard Group Inc. increased its stake in Barrick Gold by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 68,358,533 shares of the gold and copper producer's stock valued at $1,060,036,000 after acquiring an additional 1,195,585 shares during the last quarter. Finally, Mufg Securities Canada LTD. raised its position in Barrick Gold by 71.6% during the fourth quarter. Mufg Securities Canada LTD. now owns 2,669,327 shares of the gold and copper producer's stock valued at $41,365,000 after purchasing an additional 1,113,748 shares in the last quarter. 62.85% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Scotiabank lifted their price target on 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 Barrick Gold from a "neutral" rating to a "buy" rating and set a $22.00 target price for the company in a research note on Wednesday, March 5th. Citigroup reduced their price target 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. Stifel Canada upgraded shares of Barrick Gold to a "strong-buy" rating in a research report on Wednesday, March 19th. Finally, 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 research report on Thursday, February 13th. Six analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Barrick Gold presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.79.

Barrick Gold Trading Down 9.0 %

NYSE:GOLD traded down $1.74 during trading hours on Friday, hitting $17.64. 37,310,992 shares of the company were exchanged, compared to its average volume of 21,839,948. The stock has a market capitalization of $30.44 billion, a price-to-earnings ratio of 14.34, a price-to-earnings-growth ratio of 0.44 and a beta of 0.58. Barrick Gold Corp has a one year low of $15.11 and a one year high of $21.35. The company has a fifty day simple moving average of $18.17 and a 200 day simple moving average of $18.01. The company has a current ratio of 2.89, a quick ratio of 2.15 and a debt-to-equity ratio of 0.14.

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 (EPS) 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%. Sell-side analysts expect that Barrick Gold Corp will post 1.47 EPS 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 paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date was Friday, February 28th. Barrick Gold's dividend payout ratio is currently 32.52%.

Barrick Gold declared that its Board of Directors has authorized a share repurchase 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 buy up to 3.2% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership 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.