Barrick Gold Corp (NYSE:B) Holdings Boosted by Crocodile Capital Partners GmbH

Crocodile Capital Partners GmbH increased its holdings in Barrick Gold Corp (NYSE:B - Free Report) TSE: ABX by 19.9% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,749,973 shares of the gold and copper producer's stock after purchasing an additional 289,973 shares during the period. Barrick Gold makes up about 45.4% of Crocodile Capital Partners GmbH's holdings, making the stock its biggest holding. Crocodile Capital Partners GmbH owned approximately 0.10% of Barrick Gold worth $34,019,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in B. NBC Securities Inc. raised its holdings in Barrick Gold by 99,980.0% during the 1st quarter. NBC Securities Inc. now owns 15,012 shares of the gold and copper producer's stock valued at $291,000 after buying an additional 14,997 shares during the last quarter. 180 Wealth Advisors LLC raised its holdings in Barrick Gold by 5.9% during the 1st quarter. 180 Wealth Advisors LLC now owns 16,452 shares of the gold and copper producer's stock valued at $320,000 after buying an additional 918 shares during the last quarter. Legacy Wealth Asset Management LLC bought a new stake in Barrick Gold during the 1st quarter valued at $728,000. GAMMA Investing LLC raised its holdings in Barrick Gold by 1,844.0% during the 1st quarter. GAMMA Investing LLC now owns 6,007 shares of the gold and copper producer's stock valued at $117,000 after buying an additional 5,698 shares during the last quarter. Finally, Nexus Investment Management ULC bought a new stake in Barrick Gold during the 1st quarter valued at $32,000. Hedge funds and other institutional investors own 90.82% of the company's stock.

Barrick Gold Stock Down 0.4%

B stock traded down $0.08 during trading on Thursday, hitting $20.06. 6,899,580 shares of the stock traded hands, compared to its average volume of 2,149,206. Barrick Gold Corp has a 1 year low of $17.41 and a 1 year high of $47.50. The firm's 50 day moving average is $19.06 and its two-hundred day moving average is $17.84. The stock has a market cap of $34.49 billion, a price-to-earnings ratio of 16.31, a price-to-earnings-growth ratio of 0.44 and a beta of 0.25. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.89 and a quick ratio of 2.15.

Barrick Gold (NYSE:B - Get Free Report) TSE: ABX last announced 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 firm had revenue of $3 billion for 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 business's quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.19 EPS. On average, sell-side analysts anticipate that Barrick Gold Corp will post 1.47 EPS for the current year.

Barrick Gold Announces Dividend

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 issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend is Friday, May 30th. Barrick Gold's payout ratio is presently 30.08%.

Barrick Gold announced that its Board of Directors has initiated a share repurchase plan on Wednesday, February 12th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the gold and copper producer to reacquire up to 3.2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

B has been the subject of several research reports. Stifel Canada upgraded shares of Barrick Gold to a "strong-buy" rating in a report on Wednesday, March 19th. National Bankshares restated an "outperform" rating on shares of Barrick Gold in a report on Wednesday, April 2nd. Royal Bank of Canada upped their price objective on shares of Barrick Gold from $23.00 to $26.00 and gave the stock an "outperform" rating in a report on Wednesday. BMO Capital Markets initiated coverage on shares of Barrick Gold in a report on Wednesday, April 16th. They issued a "market perform" rating for the company. Finally, Raymond James upped their price objective on shares of Barrick Gold from $23.00 to $23.50 and gave the stock an "outperform" rating in a report on Monday, March 31st. One analyst has rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $24.32.

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.