Janus Henderson Group PLC Sells 307,911 Shares of Barrick Gold Corp (NYSE:B)

Janus Henderson Group PLC lessened its holdings in shares of Barrick Gold Corp (NYSE:B - Free Report) TSE: ABX by 36.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 541,819 shares of the gold and copper producer's stock after selling 307,911 shares during the period. Janus Henderson Group PLC's holdings in Barrick Gold were worth $8,394,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Crowley Wealth Management Inc. bought a new stake in shares of Barrick Gold in the 4th quarter worth approximately $26,000. Strategic Investment Solutions Inc. IL bought a new stake in Barrick Gold in the fourth quarter valued at about $37,000. First Horizon Advisors Inc. grew its position in 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 valued at $48,000 after acquiring an additional 2,646 shares during the period. Pingora Partners LLC boosted its stake 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 purchasing an additional 2,500 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of Barrick Gold in the 4th quarter worth about $65,000. Institutional investors own 90.82% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on B shares. Stifel Canada raised Barrick Gold to a "strong-buy" rating in a report on Wednesday, March 19th. National Bank Financial upgraded shares of Barrick Gold to a "hold" rating in a research report on Friday, March 21st. Bank of America cut Barrick Gold from a "buy" rating to a "neutral" rating and lowered their target price for the company from $21.00 to $18.00 in a research note on Monday, January 27th. National Bankshares reaffirmed an "outperform" rating on shares of Barrick Gold in a research note on Wednesday, April 2nd. Finally, BMO Capital Markets assumed coverage on shares of Barrick Gold in a report on Wednesday, April 16th. They issued a "market perform" rating on the stock. 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, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $24.05.

Barrick Gold Stock Performance

Shares of Barrick Gold stock traded up $0.41 during trading on Friday, hitting $19.08. 11,874,351 shares of the stock were exchanged, compared to its average volume of 1,546,594. 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 company has a fifty day moving average price of $19.03 and a 200-day moving average price of $17.73. The stock has a market capitalization of $32.80 billion, a price-to-earnings ratio of 15.51, a price-to-earnings-growth 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 issued its quarterly earnings data on Wednesday, May 7th. The gold and copper producer reported $0.35 earnings per share for the quarter, beating 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 company had revenue of $3 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same period in the prior year, the firm earned $0.19 earnings per share. The company's revenue was up 13.9% on a year-over-year basis. As a group, equities analysts predict that Barrick Gold Corp will post 1.47 EPS for the current fiscal year.

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

Barrick Gold Announces Dividend

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

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.