Barrick Gold Corp (NYSE:GOLD) Shares Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd boosted its holdings in Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 208.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 177,659 shares of the gold and copper producer’s stock after buying an additional 120,129 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Barrick Gold were worth $2,754,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Creative Planning grew its position in Barrick Gold by 6.4% during the 3rd quarter. Creative Planning now owns 115,395 shares of the gold and copper producer’s stock worth $2,295,000 after purchasing an additional 6,902 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in Barrick Gold by 8.3% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 15,465 shares of the gold and copper producer’s stock worth $308,000 after buying an additional 1,181 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in Barrick Gold by 458.1% during the third quarter. Assenagon Asset Management S.A. now owns 108,148 shares of the gold and copper producer’s stock valued at $2,151,000 after purchasing an additional 88,770 shares during the last quarter. Forsta AP Fonden lifted its holdings in shares of Barrick Gold by 7.9% during the 3rd quarter. Forsta AP Fonden now owns 350,944 shares of the gold and copper producer’s stock valued at $6,988,000 after buying an additional 25,600 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its stake in shares of Barrick Gold by 0.5% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 147,903 shares of the gold and copper producer’s stock valued at $2,953,000 after buying an additional 732 shares in the last quarter. Institutional investors own 62.85% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on GOLD. Raymond James reduced 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 note on Friday, February 7th. UBS Group lowered shares of Barrick Gold from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $23.00 to $22.00 in a research note on Wednesday, October 30th. Scotiabank increased their target price on shares of Barrick Gold from $19.00 to $20.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 18th. Berenberg Bank raised their target price on Barrick Gold from $37.00 to $38.00 in a report on Tuesday, November 26th. Finally, Cibc World Mkts downgraded Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 25th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Barrick Gold presently has an average rating of “Moderate Buy” and a consensus price target of $23.75.

Barrick Gold Stock Down 0.2 %

NYSE GOLD opened at $18.27 on Tuesday. Barrick Gold Corp has a twelve month low of $14.27 and a twelve month high of $21.35. The stock has a market cap of $31.55 billion, a PE ratio of 14.85, a PEG ratio of 0.44 and a beta of 0.55. The firm has a 50-day simple moving average of $16.42 and a 200 day simple moving average of $18.21. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.15 and a current ratio of 2.89.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last announced its quarterly earnings data on Wednesday, February 12th. The gold and copper producer reported $0.46 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%. On average, research analysts forecast that Barrick Gold Corp will post 1.47 EPS for the current year.

Barrick Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.40 dividend on an annualized basis and a yield of 2.19%. Barrick Gold’s dividend payout ratio is currently 32.52%.

Barrick Gold declared that its board has initiated a stock buyback program 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 buy up to 3.2% of its shares through open market purchases. Shares repurchase programs are typically 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.