Barrick Gold Corp (NYSE:B) Stock Position Raised by NBC Securities Inc.

NBC Securities Inc. grew its position in Barrick Gold Corp (NYSE:B - Free Report) TSE: ABX by 99,980.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,012 shares of the gold and copper producer's stock after acquiring an additional 14,997 shares during the quarter. NBC Securities Inc.'s holdings in Barrick Gold were worth $291,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Crowley Wealth Management Inc. bought a new position in shares of Barrick Gold in the fourth quarter worth $26,000. Vega Investment Solutions bought a new position in shares of Barrick Gold in the fourth quarter worth $31,000. Nexus Investment Management ULC bought a new position in shares of Barrick Gold in the first quarter worth $32,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Barrick Gold in the fourth quarter worth $37,000. Finally, Ameriflex Group Inc. bought a new position in shares of Barrick Gold in the fourth quarter worth $39,000. 90.82% of the stock is currently owned by institutional investors.

Barrick Gold Stock Down 1.0%

Barrick Gold stock traded down $0.20 during mid-day trading on Friday, hitting $19.83. The company's stock had a trading volume of 18,790,332 shares, compared to its average volume of 2,323,042. The firm's 50 day moving average is $19.08 and its 200 day moving average is $17.88. The company has a market cap of $34.10 billion, a PE ratio of 16.12, a price-to-earnings-growth ratio of 0.44 and a beta of 0.27. 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 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 announced its quarterly earnings data 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. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 13.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.19 EPS. On average, analysts anticipate that Barrick Gold Corp will post 1.47 earnings per share for the current year.

Barrick Gold announced that its board has authorized a share buyback program on Wednesday, February 12th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the gold and copper producer to repurchase up to 3.2% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its shares are undervalued.

Barrick Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Friday, May 30th. Barrick Gold's dividend payout ratio is currently 30.08%.

Analysts Set New Price Targets

B has been the subject of several research analyst reports. UBS Group upped their price objective on Barrick Gold from $22.00 to $25.00 and gave the company a "buy" rating in a report on Friday, April 11th. National Bank Financial upgraded Barrick Gold to a "hold" rating in a report on Friday, March 21st. Citigroup cut their price objective on Barrick Gold from $21.00 to $17.00 and set a "neutral" rating for the company in a report on Monday, March 31st. Raymond James upped their price objective on Barrick Gold from $23.00 to $23.50 and gave the company an "outperform" rating in a report on Monday, March 31st. Finally, Scotiabank upped their price objective on Barrick Gold from $20.00 to $22.00 and gave the company a "sector perform" rating in a report on Monday, April 14th. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $24.32.

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.