Union Bancaire Privee UBP SA grew its position in Barrick Gold Corp (NYSE:B - Free Report) TSE: ABX by 80.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 59,782 shares of the gold and copper producer's stock after buying an additional 26,658 shares during the period. Union Bancaire Privee UBP SA's holdings in Barrick Gold were worth $1,094,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Crowley Wealth Management Inc. acquired a new position in shares of Barrick Gold in the 4th quarter valued at $26,000. Vega Investment Solutions acquired a new position in shares of Barrick Gold in the 4th quarter valued at $31,000. Nexus Investment Management ULC acquired a new position in shares of Barrick Gold in the 1st quarter valued at $32,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Barrick Gold in the 4th quarter valued at $37,000. Finally, Ameriflex Group Inc. acquired a new position in shares of Barrick Gold in the 4th quarter valued at $39,000. 90.82% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts have recently weighed in on the company. UBS Group increased their price target on Barrick Gold from $22.00 to $25.00 and gave the company a "buy" rating in a research note on Friday, April 11th. Stifel Canada upgraded Barrick Gold to a "strong-buy" rating in a report on Wednesday, March 19th. BMO Capital Markets initiated coverage on Barrick Gold in a report on Wednesday, April 16th. They set a "market perform" rating on the stock. National Bankshares reiterated an "outperform" rating on shares of Barrick Gold in a report on Wednesday, April 2nd. Finally, Citigroup reduced their target price on Barrick Gold from $21.00 to $17.00 and set a "neutral" rating on the stock in a report on Monday, March 31st. Seven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $24.05.
Read Our Latest Stock Report on B
Barrick Gold Stock Down 0.8%
Shares of Barrick Gold stock traded down $0.18 during trading on Monday, reaching $21.41. The stock had a trading volume of 33,719,993 shares, compared to its average volume of 3,039,534. 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 fifty day moving average price of $19.39 and a two-hundred day moving average price of $18.00. The company has a market capitalization of $36.70 billion, a price-to-earnings 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.
Barrick Gold (NYSE:B - Get Free Report) TSE: ABX last released its earnings results 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. Barrick Gold had a return on equity of 6.76% and a net margin of 16.59%. The business had revenue of $3 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same quarter in the prior year, the company posted $0.19 earnings per share. Barrick Gold's revenue was up 13.9% on a year-over-year basis. Sell-side analysts predict that Barrick Gold Corp will post 1.47 EPS for the current fiscal year.
Barrick Gold Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, May 30th. This represents a $0.40 annualized dividend and a yield of 1.87%. Barrick Gold's payout ratio is presently 30.08%.
About Barrick Gold
(
Free Report)
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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