Barrick Gold Corp (NYSE:GOLD) Shares Sold by Clayton Partners LLC

Clayton Partners LLC trimmed its stake in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 0.6% in the 4th quarter, HoldingsChannel reports. The firm owned 106,833 shares of the gold and copper producer’s stock after selling 633 shares during the period. Clayton Partners LLC’s holdings in Barrick Gold were worth $1,656,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. one8zero8 LLC acquired a new position in shares of Barrick Gold during the 4th quarter worth about $224,000. Madison Investment Advisors LLC acquired a new position in shares of Barrick Gold during the 4th quarter worth about $9,757,000. Commonwealth Equity Services LLC boosted its position in shares of Barrick Gold by 2.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 671,039 shares of the gold and copper producer’s stock worth $10,401,000 after acquiring an additional 15,915 shares in the last quarter. Achmea Investment Management B.V. boosted its position in shares of Barrick Gold by 34.2% during the 4th quarter. Achmea Investment Management B.V. now owns 567,484 shares of the gold and copper producer’s stock worth $8,796,000 after acquiring an additional 144,731 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd boosted its position in shares of Barrick Gold by 4.2% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 10,051,460 shares of the gold and copper producer’s stock worth $155,810,000 after acquiring an additional 408,684 shares in the last quarter. 62.85% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on GOLD shares. UBS Group raised Barrick Gold from a “neutral” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Wednesday, March 5th. Berenberg Bank boosted their target price on Barrick Gold from $37.00 to $38.00 in a report on Tuesday, November 26th. Raymond James reduced their target price on Barrick Gold from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Friday, February 7th. TD Securities reduced their target price on Barrick Gold from $24.00 to $23.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Finally, Citigroup reduced their target price on Barrick Gold from $23.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, December 20th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Barrick Gold currently has an average rating of “Moderate Buy” and a consensus price target of $23.75.

Barrick Gold Stock Up 0.4 %

GOLD opened at $18.80 on Friday. The business has a 50 day moving average price of $17.15 and a two-hundred day moving average price of $18.07. The company has a quick ratio of 2.15, a current ratio of 2.89 and a debt-to-equity ratio of 0.14. The company has a market cap of $32.46 billion, a PE ratio of 15.28, a P/E/G ratio of 0.44 and a beta of 0.58. Barrick Gold Corp has a 52 week low of $0.25 and a 52 week high of $21.35.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last issued its earnings results 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%. As a group, research analysts anticipate that Barrick Gold Corp will post 1.47 EPS for the current year.

Barrick Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date is 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 repurchase program on Wednesday, February 12th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the gold and copper producer to repurchase up to 3.2% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its stock is undervalued.

Barrick Gold 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.