17,270 Shares in Barrick Gold Corp (NYSE:GOLD) Bought by Sava Infond d.o.o.

Sava Infond d.o.o. acquired a new stake in Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 17,270 shares of the gold and copper producer’s stock, valued at approximately $268,000.

Several other large investors also recently modified their holdings of GOLD. Crowley Wealth Management Inc. acquired a new stake in Barrick Gold during the 4th quarter valued at approximately $26,000. First Horizon Advisors Inc. boosted its stake in shares of Barrick Gold by 619.7% during the 4th quarter. First Horizon Advisors Inc. now owns 3,073 shares of the gold and copper producer’s stock valued at $48,000 after buying an additional 2,646 shares during the last quarter. BNP Paribas grew its position in shares of Barrick Gold by 221.7% during the third quarter. BNP Paribas now owns 3,066 shares of the gold and copper producer’s stock worth $62,000 after buying an additional 2,113 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in shares of 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 worth $65,000 after buying an additional 2,771 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new stake in Barrick Gold in the fourth quarter valued at $65,000. 62.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GOLD. Raymond James dropped their target price on shares of Barrick Gold from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. Stifel Canada raised Barrick Gold to a “strong-buy” rating in a report on Wednesday, March 19th. National Bank Financial raised Barrick Gold to a “hold” rating in a report on Friday, March 21st. Citigroup lowered their price target on Barrick Gold from $23.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, December 20th. Finally, Scotiabank raised their price objective on Barrick Gold from $19.00 to $20.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 18th. Six equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $23.75.

Barrick Gold Price Performance

NYSE GOLD opened at $19.57 on Friday. The company has a 50-day moving average price of $17.79 and a two-hundred day moving average price of $18.05. Barrick Gold Corp has a 52 week low of $0.25 and a 52 week high of $21.35. The stock has a market cap of $33.76 billion, a price-to-earnings ratio of 15.91, a price-to-earnings-growth ratio of 0.44 and a beta of 0.58. 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) (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%. Analysts forecast that Barrick Gold Corp will post 1.47 EPS for the current year.

Barrick Gold Announces Dividend

The firm also recently declared 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 2.04%. The ex-dividend date was Friday, February 28th. Barrick Gold’s dividend payout ratio (DPR) is 32.52%.

Barrick Gold declared that its Board of Directors has initiated a share buyback plan on Wednesday, February 12th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the gold and copper producer to reacquire up to 3.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership 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.