Barrick Gold Corp (NYSE:B) Holdings Raised by Two Sigma Advisers LP

Two Sigma Advisers LP raised its stake in shares of Barrick Gold Corp (NYSE:B - Free Report) TSE: ABX by 7.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,875,500 shares of the gold and copper producer's stock after buying an additional 266,900 shares during the period. Two Sigma Advisers LP owned about 0.22% of Barrick Gold worth $60,070,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Crowley Wealth Management Inc. bought a new position in shares of Barrick Gold during the 4th quarter valued at $26,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Barrick Gold in the fourth quarter worth about $37,000. First Horizon Advisors Inc. lifted its position in shares of Barrick Gold by 619.7% in the fourth quarter. First Horizon Advisors Inc. now owns 3,073 shares of the gold and copper producer's stock worth $48,000 after buying an additional 2,646 shares during the last quarter. Pingora Partners LLC boosted 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 acquiring an additional 2,500 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of Barrick Gold during the 4th quarter valued at about $65,000. 90.82% of the stock is currently owned by hedge funds and other institutional investors.

Barrick Gold Stock Performance

B opened at $18.19 on Tuesday. The stock's 50 day simple moving average is $19.04 and its 200-day simple moving average is $17.72. The company has a current ratio of 2.89, a quick ratio of 2.15 and a debt-to-equity ratio of 0.14. The stock has a market cap of $31.28 billion, a PE ratio of 14.79, a P/E/G ratio of 0.44 and a beta of 0.25. Barrick Gold Corp has a 1 year low of $17.41 and a 1 year high of $47.50.

Barrick Gold (NYSE:B - Get Free Report) TSE: ABX last posted its quarterly earnings results on Wednesday, May 7th. The gold and copper producer reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.06. Barrick Gold had a net margin of 16.59% and a return on equity of 6.76%. The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.15 billion. During the same quarter in the previous year, the company earned $0.19 earnings per share. The business's revenue was up 13.9% compared to the same quarter last year. Sell-side analysts forecast 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, June 16th. Investors of record on Friday, May 30th will be paid a $0.10 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.40 dividend on an annualized basis and a yield of 2.20%. Barrick Gold's payout ratio is currently 30.08%.

Barrick Gold declared that its Board of Directors has approved 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 buy up to 3.2% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. National Bank Financial raised Barrick Gold to a "hold" rating in a research report on Friday, March 21st. BMO Capital Markets began coverage on shares of Barrick Gold in a report on Wednesday, April 16th. They set a "market perform" rating for the company. Royal Bank of Canada lifted their target price on shares of Barrick Gold from $22.00 to $23.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Raymond James boosted their target price 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. Finally, Scotiabank upped their price target 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 given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $24.05.

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.

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