13,918 Shares in Barrick Gold Corp (NYSE:GOLD) Bought by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC acquired a new position in Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 13,918 shares of the gold and copper producer's stock, valued at approximately $216,000.

Other institutional investors have also recently bought and sold shares of the company. Capital International Investors increased its position in Barrick Gold by 136.1% in the fourth quarter. Capital International Investors now owns 33,293,792 shares of the gold and copper producer's stock worth $516,055,000 after buying an additional 19,189,830 shares during the last quarter. Causeway Capital Management LLC purchased a new stake in Barrick Gold in the 4th quarter worth about $172,225,000. Wellington Management Group LLP raised its stake in Barrick Gold by 17.5% in the 4th quarter. Wellington Management Group LLP now owns 64,310,800 shares of the gold and copper producer's stock valued at $996,802,000 after acquiring an additional 9,598,292 shares during the period. FIL Ltd raised its stake in Barrick Gold by 236.7% in the 4th quarter. FIL Ltd now owns 6,815,946 shares of the gold and copper producer's stock valued at $105,692,000 after acquiring an additional 4,791,663 shares during the period. Finally, Capital International Inc. CA purchased a new stake in Barrick Gold during the fourth quarter valued at about $57,991,000. Institutional investors own 62.85% of the company's stock.

Barrick Gold Trading Up 0.3 %

NYSE GOLD opened at $18.42 on Friday. 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 stock's 50-day simple moving average is $18.98 and its two-hundred day simple moving average is $17.87. Barrick Gold Corp has a twelve month low of $15.11 and a twelve month high of $21.35. The company has a market capitalization of $31.67 billion, a price-to-earnings ratio of 14.98, a PEG ratio of 0.44 and a beta of 0.55.

Barrick Gold (NYSE:GOLD - Get Free Report) TSE: ABX last announced its quarterly earnings data on Wednesday, February 12th. The gold and copper producer reported $0.46 earnings per share for the quarter, meeting analysts' consensus estimates of $0.46. Barrick Gold had a return on equity of 6.76% and a net margin of 16.59%. Research analysts forecast that Barrick Gold Corp will post 1.47 EPS for the current fiscal year.

Barrick Gold announced that its board has authorized a stock repurchase 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 repurchase up to 3.2% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its stock is undervalued.

Barrick Gold Dividend Announcement

The firm 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. The ex-dividend date was Friday, February 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.17%. Barrick Gold's dividend payout ratio (DPR) is 32.52%.

Analyst Ratings Changes

Several analysts have recently issued reports on GOLD shares. Bank of America lowered shares of Barrick Gold from a "buy" rating to a "neutral" rating and lowered their price target for the company from $21.00 to $18.00 in a research report on Monday, January 27th. Stifel Canada raised shares of Barrick Gold to a "strong-buy" rating in a report on Wednesday, March 19th. UBS Group increased their target price on Barrick Gold from $22.00 to $25.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. Raymond James lifted their price target on Barrick Gold from $23.00 to $23.50 and gave the company an "outperform" rating in a research report on Monday, March 31st. Finally, Scotiabank increased their price objective on Barrick Gold from $20.00 to $22.00 and gave the stock a "sector perform" rating in a report on Monday, April 14th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $24.05.

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.

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