13,218 Shares in Barrick Gold Corp (NYSE:B) Acquired by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC acquired a new position in Barrick Gold Corp (NYSE:B - Free Report) TSE: ABX during the 1st quarter, according to its most recent filing with the SEC. The fund acquired 13,218 shares of the gold and copper producer's stock, valued at approximately $257,000.

Other large investors have also recently added to or reduced their stakes in the company. Capital International Investors boosted its stake in shares of Barrick Gold by 136.1% during the fourth quarter. Capital International Investors now owns 33,293,792 shares of the gold and copper producer's stock valued at $516,055,000 after acquiring an additional 19,189,830 shares during the last quarter. Causeway Capital Management LLC purchased a new position in Barrick Gold in the 4th quarter valued at about $172,225,000. Wellington Management Group LLP boosted its stake in shares of Barrick Gold by 17.5% during the 4th quarter. Wellington Management Group LLP now owns 64,310,800 shares of the gold and copper producer's stock worth $996,802,000 after purchasing an additional 9,598,292 shares during the last quarter. FIL Ltd grew its holdings 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 buying an additional 4,791,663 shares in the last quarter. Finally, Capital International Inc. CA acquired a new position in shares of Barrick Gold in the fourth quarter valued at approximately $57,991,000. 90.82% of the stock is owned by institutional investors and hedge funds.

Barrick Gold Stock Up 3.2%

Shares of NYSE B traded up $0.64 during midday trading on Thursday, reaching $20.88. 8,490,397 shares of the company's stock were exchanged, compared to its average volume of 2,581,178. The stock has a market capitalization of $35.79 billion, a PE ratio of 16.98, 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 quick ratio of 2.15 and a current ratio of 2.89. The business's fifty day moving average price is $19.16 and its two-hundred day moving average price is $17.92. 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 posted its quarterly earnings data on Wednesday, May 7th. The gold and copper producer reported $0.35 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 firm's revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.19 EPS. Analysts forecast that Barrick Gold Corp will post 1.47 EPS for the current year.

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

Barrick Gold Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 1.92%. Barrick Gold's payout ratio is 30.08%.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Scotiabank lifted their price target on Barrick Gold from $20.00 to $22.00 and gave the company a "sector perform" rating in a report on Monday, April 14th. CIBC boosted their target price on shares of Barrick Gold from $22.00 to $24.00 and gave the company a "neutral" rating in a report on Wednesday. Stifel Canada raised shares of Barrick Gold to a "strong-buy" rating in a research note on Wednesday, March 19th. 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. Finally, Citigroup dropped 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. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price 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.