Barrick Gold Corp (NYSE:B) Shares Sold by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. lowered its position in shares of Barrick Gold Corp (NYSE:B - Free Report) TSE: ABX by 10.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 313,163 shares of the gold and copper producer's stock after selling 37,846 shares during the quarter. Westwood Holdings Group Inc.'s holdings in Barrick Gold were worth $4,854,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in B. Crowley Wealth Management Inc. acquired a new position in shares of Barrick Gold in the 4th quarter valued at about $26,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Barrick Gold in the 4th quarter valued at about $37,000. First Horizon Advisors Inc. lifted its holdings in shares of Barrick Gold by 619.7% in the 4th quarter. First Horizon Advisors Inc. now owns 3,073 shares of the gold and copper producer's stock valued at $48,000 after buying an additional 2,646 shares during the period. Pingora Partners LLC lifted its holdings in shares of Barrick Gold by 250.0% in the 4th quarter. Pingora Partners LLC now owns 3,500 shares of the gold and copper producer's stock valued at $54,000 after buying an additional 2,500 shares during the period. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of Barrick Gold in the 4th quarter valued at about $65,000. Institutional investors and hedge funds own 90.82% of the company's stock.

Barrick Gold Price Performance

Shares of B stock traded up $0.41 during trading hours on Friday, reaching $19.08. The company had a trading volume of 11,874,351 shares, compared to its average volume of 1,546,594. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.15 and a current ratio of 2.89. The stock has a fifty day moving average of $19.03 and a 200-day moving average of $17.73. The company has a market capitalization of $32.80 billion, a price-to-earnings ratio of 15.51, a PEG ratio of 0.44 and a beta of 0.25. Barrick Gold Corp has a 12-month low of $17.41 and a 12-month 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 (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.06. The business had revenue of $3 billion during the quarter, compared to analyst estimates of $3.15 billion. Barrick Gold had a return on equity of 6.76% and a net margin of 16.59%. The business's revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.19 earnings per share. On average, equities analysts anticipate that Barrick Gold Corp will post 1.47 earnings per share for the current year.

Barrick Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be given a $0.10 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.10%. Barrick Gold's dividend payout ratio (DPR) is presently 30.08%.

Barrick Gold announced that its board has initiated a share repurchase plan on Wednesday, February 12th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the gold and copper producer to purchase up to 3.2% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. National Bankshares reissued an "outperform" rating on shares of Barrick Gold in a report on Wednesday, April 2nd. Citigroup reduced their price target on Barrick Gold from $21.00 to $17.00 and set a "neutral" rating for the company in a report on Monday, March 31st. National Bank Financial raised Barrick Gold to a "hold" rating in a report on Friday, March 21st. Royal Bank of Canada upped their price target on Barrick Gold from $22.00 to $23.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Finally, Bank of America cut Barrick Gold from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $21.00 to $18.00 in a report on Monday, January 27th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Barrick Gold presently has an average 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.