Hara Capital LLC Decreases Holdings in Barrick Gold Corp (NYSE:B)

Hara Capital LLC decreased its holdings in shares of Barrick Gold Corp (NYSE:B - Free Report) TSE: ABX by 56.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 37,374 shares of the gold and copper producer's stock after selling 47,579 shares during the period. Hara Capital LLC's holdings in Barrick Gold were worth $579,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in B. Capital International Investors grew its position in shares of Barrick Gold by 136.1% in the 4th quarter. Capital International Investors now owns 33,293,792 shares of the gold and copper producer's stock valued at $516,055,000 after purchasing an additional 19,189,830 shares during the period. Causeway Capital Management LLC bought a new position in Barrick Gold in the fourth quarter valued at approximately $172,225,000. Wellington Management Group LLP boosted its holdings in shares of Barrick Gold by 17.5% in the fourth quarter. Wellington Management Group LLP now owns 64,310,800 shares of the gold and copper producer's stock valued at $996,802,000 after buying an additional 9,598,292 shares during the period. FIL Ltd increased its position in shares of Barrick Gold by 236.7% during the fourth quarter. FIL Ltd now owns 6,815,946 shares of the gold and copper producer's stock worth $105,692,000 after acquiring an additional 4,791,663 shares in the last quarter. Finally, Capital International Inc. CA bought a new stake in shares of Barrick Gold during the fourth quarter worth $57,991,000. Institutional investors and hedge funds own 90.82% of the company's stock.

Barrick Gold Stock Up 1.1%

B traded up $0.20 during midday trading on Friday, reaching $19.20. 16,844,190 shares of the company were exchanged, compared to its average volume of 1,812,765. The company has a market cap of $33.01 billion, a price-to-earnings ratio of 15.61, a price-to-earnings-growth ratio of 0.44 and a beta of 0.25. The company's fifty day moving average price is $19.02 and its 200 day moving average price is $17.76. Barrick Gold Corp has a one year low of $17.41 and a one year high of $47.50. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.15 and a current ratio of 2.89.

Barrick Gold (NYSE:B - Get Free Report) TSE: ABX last posted 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 net margin of 16.59% and a return on equity of 6.76%. The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $3.15 billion. During the same quarter in the prior year, the business posted $0.19 EPS. The business's revenue was up 13.9% compared to the same quarter last year. As a group, analysts expect that Barrick Gold Corp will post 1.47 EPS for the current year.

Barrick Gold announced that its Board of Directors has approved a share buyback program on Wednesday, February 12th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the gold and copper producer to repurchase up to 3.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.

Barrick Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders 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 annualized dividend and a yield of 2.08%. Barrick Gold's dividend payout ratio (DPR) is 30.08%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Raymond James upped their price objective on Barrick Gold from $23.00 to $23.50 and gave the stock an "outperform" rating in a research report on Monday, March 31st. National Bankshares reaffirmed an "outperform" rating on shares of Barrick Gold in a research report on Wednesday, April 2nd. Citigroup decreased their price target on shares of Barrick Gold from $21.00 to $17.00 and set a "neutral" rating for the company in a research note on Monday, March 31st. National Bank Financial upgraded shares of Barrick Gold to a "hold" rating in a report on Friday, March 21st. Finally, UBS Group boosted their price objective on shares of Barrick Gold from $22.00 to $25.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. One analyst has rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $24.05.

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.