Axa S.A. Increases Stock Position in Barrick Gold Corp (NYSE:GOLD)

AXA S.A. raised its position in Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX by 9.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,224,845 shares of the gold and copper producer's stock after buying an additional 109,571 shares during the period. AXA S.A. owned about 0.07% of Barrick Gold worth $18,985,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Crowley Wealth Management Inc. purchased a new stake in shares of Barrick Gold during the fourth quarter worth about $26,000. Strategic Investment Solutions Inc. IL purchased a new stake in Barrick Gold during the 4th quarter worth approximately $37,000. First Horizon Advisors Inc. raised its holdings in shares of Barrick Gold by 619.7% during the fourth quarter. First Horizon Advisors Inc. now owns 3,073 shares of the gold and copper producer's stock valued at $48,000 after acquiring an additional 2,646 shares during the last quarter. Pingora Partners LLC lifted its position in shares of Barrick Gold by 250.0% in the fourth quarter. Pingora Partners LLC now owns 3,500 shares of the gold and copper producer's stock valued at $54,000 after acquiring an additional 2,500 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted 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 acquiring an additional 2,771 shares during the last quarter. Institutional investors and hedge funds own 62.85% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on GOLD. Scotiabank increased their price target on Barrick Gold from $20.00 to $22.00 and gave the company a "sector perform" rating in a report on Monday, April 14th. TD Securities reduced their price target on Barrick Gold from $24.00 to $23.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Citigroup cut their price objective on shares of Barrick Gold from $21.00 to $17.00 and set a "neutral" rating for the company in a research report on Monday, March 31st. National Bank Financial upgraded shares of Barrick Gold to a "hold" rating in a report on Friday, March 21st. Finally, Stifel Canada upgraded shares of Barrick Gold to a "strong-buy" rating in a report on Wednesday, March 19th. Seven investment 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. According to data from MarketBeat.com, Barrick Gold currently has an average rating of "Moderate Buy" and an average target price of $24.05.

Barrick Gold Stock Down 3.0 %

Shares of GOLD stock traded down $0.58 during trading on Friday, reaching $18.83. The company's stock had a trading volume of 21,204,009 shares, compared to its average volume of 21,676,024. Barrick Gold Corp has a 1-year low of $15.11 and a 1-year high of $21.35. The stock's 50-day moving average price is $19.09 and its 200 day moving average price is $17.81. The company has a market capitalization of $32.37 billion, a price-to-earnings ratio of 15.30, a P/E/G ratio of 0.44 and a beta of 0.25. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.89 and a quick ratio of 2.15.

Barrick Gold (NYSE:GOLD - Get Free Report) TSE: ABX last announced its quarterly earnings data on Wednesday, May 7th. The gold and copper producer reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.06. The business had revenue of $3 billion during the quarter, compared to analysts' expectations of $3.15 billion. Barrick Gold had a return on equity of 6.76% and a net margin of 16.59%. The business's quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.19 EPS. On average, research analysts anticipate that Barrick Gold Corp will post 1.47 EPS for the current year.

Barrick Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.40 annualized dividend and a dividend yield of 2.12%. Barrick Gold's dividend payout ratio (DPR) is currently 32.52%.

Barrick Gold announced that its board has authorized a share buyback plan on Wednesday, February 12th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the gold and copper producer to purchase up to 3.2% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its shares are undervalued.

Barrick Gold Company 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.