Assenagon Asset Management S.A. Has $3.28 Million Holdings in Barrick Gold Corp (NYSE:B)

Assenagon Asset Management S.A. lowered its position in shares of Barrick Gold Corp (NYSE:B - Free Report) TSE: ABX by 77.5% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 168,779 shares of the gold and copper producer's stock after selling 580,824 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Barrick Gold were worth $3,281,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its stake in shares of Barrick Gold by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,073,717 shares of the gold and copper producer's stock valued at $78,637,000 after buying an additional 128,203 shares in the last quarter. New York State Common Retirement Fund acquired a new stake in Barrick Gold in the fourth quarter valued at approximately $2,614,000. Atria Wealth Solutions Inc. grew its position in Barrick Gold by 48.1% in the fourth quarter. Atria Wealth Solutions Inc. now owns 33,366 shares of the gold and copper producer's stock valued at $517,000 after acquiring an additional 10,840 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of Barrick Gold by 66.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 60,620 shares of the gold and copper producer's stock valued at $940,000 after purchasing an additional 24,176 shares during the period. Finally, RWC Asset Management LLP lifted its position in shares of Barrick Gold by 14.4% during the fourth quarter. RWC Asset Management LLP now owns 3,254,263 shares of the gold and copper producer's stock worth $50,441,000 after purchasing an additional 409,677 shares in the last quarter. Institutional investors and hedge funds own 90.82% of the company's stock.

Barrick Gold Trading Down 0.8%

Shares of B traded down $0.18 during trading hours on Monday, reaching $21.41. The stock had a trading volume of 33,709,633 shares, compared to its average volume of 3,039,426. The company has a market cap of $36.70 billion, a P/E ratio of 17.40, a P/E/G ratio of 0.44 and a beta of 0.27. Barrick Gold Corp has a 52 week low of $17.41 and a 52 week 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 50-day moving average of $19.31 and a 200 day moving average of $17.98.

Barrick Gold (NYSE:B - Get Free Report) TSE: ABX last issued its quarterly earnings data on Wednesday, May 7th. The gold and copper producer reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.06. The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.15 billion. Barrick Gold had a net margin of 16.59% and a return on equity of 6.76%. The firm's revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.19 earnings per share. On average, sell-side analysts expect that Barrick Gold Corp will post 1.47 earnings per share for the current fiscal year.

Barrick Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend is Friday, May 30th. Barrick Gold's dividend payout ratio (DPR) is 30.08%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. National Bankshares reiterated an "outperform" rating on shares of Barrick Gold in a research note on Wednesday, April 2nd. Citigroup reduced their target price on Barrick Gold from $21.00 to $17.00 and set a "neutral" rating for the company in a research note on Monday, March 31st. Raymond James raised their price target 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. Stifel Canada raised shares of Barrick Gold to a "strong-buy" rating in a report on Wednesday, March 19th. Finally, CIBC lifted their price target on Barrick Gold from $22.00 to $24.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 11th. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average 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.