Barrick Gold Corp (NYSE:B) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG raised its position in Barrick Gold Corp (NYSE:B - Free Report) TSE: ABX by 13.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,532,111 shares of the gold and copper producer's stock after acquiring an additional 657,767 shares during the quarter. Deutsche Bank AG owned approximately 0.32% of Barrick Gold worth $85,748,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in B. Crowley Wealth Management Inc. purchased a new stake in Barrick Gold in the 4th quarter valued at $26,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Barrick Gold during the 4th quarter worth $37,000. First Horizon Advisors Inc. grew 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 worth $48,000 after purchasing an additional 2,646 shares during the period. Pingora Partners LLC grew its stake in shares of Barrick Gold by 250.0% during the 4th quarter. Pingora Partners LLC now owns 3,500 shares of the gold and copper producer's stock worth $54,000 after purchasing an additional 2,500 shares during the period. Finally, Exchange Traded Concepts LLC boosted its position in shares of Barrick Gold by 196.9% in the 4th 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 in the last quarter. Hedge funds and other institutional investors own 62.85% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. National Bankshares reiterated an "outperform" rating on shares of Barrick Gold in a research report on Wednesday, April 2nd. StockNews.com assumed coverage on shares of Barrick Gold in a research report on Monday. They issued a "sell" rating on the stock. Raymond James boosted their price objective on shares of Barrick Gold from $23.00 to $23.50 and gave the stock an "outperform" rating in a research report on Monday, March 31st. National Bank Financial upgraded shares of Barrick Gold to a "hold" rating in a research report on Friday, March 21st. Finally, Scotiabank upped their target price on shares of Barrick Gold from $20.00 to $22.00 and gave the company a "sector perform" rating in a report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $24.05.

Barrick Gold Trading Down 2.9%

Shares of B stock traded down $0.53 during trading hours on Wednesday, hitting $17.63. 21,001,143 shares of the company were exchanged, compared to its average volume of 946,525. The firm has a market cap of $30.31 billion, a PE ratio of 14.33, a PEG ratio of 0.44 and a beta of 0.25. Barrick Gold Corp has a 1 year low of $17.49 and a 1 year high of $47.50. 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 firm has a fifty day moving average of $19.08 and a 200 day moving average of $17.79.

Barrick Gold (NYSE:B - 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 for the quarter, topping the consensus estimate of $0.29 by $0.06. The business had revenue of $3 billion for the quarter, compared to analyst estimates of $3.15 billion. Barrick Gold had a net margin of 16.59% and a return on equity of 6.76%. The company's revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.19 EPS. Analysts expect that Barrick Gold Corp will post 1.47 earnings per share for the current year.

Barrick Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date is Friday, May 30th. Barrick Gold's dividend payout ratio (DPR) is presently 30.08%.

Barrick Gold announced that its board has initiated a share buyback 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 buy up to 3.2% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board 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.