Barrick Gold Corp (NYSE:B) Shares Sold by Quantinno Capital Management LP

Quantinno Capital Management LP decreased its stake in shares of Barrick Gold Corp (NYSE:B - Free Report) TSE: ABX by 37.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,852 shares of the gold and copper producer's stock after selling 24,333 shares during the quarter. Quantinno Capital Management LP's holdings in Barrick Gold were worth $633,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Nan Shan Life Insurance Co. Ltd. lifted its position in shares of Barrick Gold by 9,389.9% during the 4th quarter. Nan Shan Life Insurance Co. Ltd. now owns 2,776,645 shares of the gold and copper producer's stock worth $43,038,000 after purchasing an additional 2,747,386 shares during the last quarter. Mmbg Investment Advisors CO. purchased a new stake in Barrick Gold during the 4th quarter worth about $671,000. Letko Brosseau & Associates Inc. boosted its position in shares of Barrick Gold by 3.1% during the 4th quarter. Letko Brosseau & Associates Inc. now owns 4,806,500 shares of the gold and copper producer's stock worth $74,494,000 after acquiring an additional 144,425 shares in the last quarter. Lionshead Wealth Management LLC purchased a new position in shares of Barrick Gold in the 4th quarter valued at about $198,000. Finally, Focus Partners Wealth raised its position in shares of Barrick Gold by 40.8% during the 4th quarter. Focus Partners Wealth now owns 44,211 shares of the gold and copper producer's stock worth $685,000 after acquiring an additional 12,815 shares in the last quarter. Institutional investors and hedge funds own 90.82% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on B. UBS Group increased their price target on shares of Barrick Gold from $22.00 to $25.00 and gave the company a "buy" rating in a research note on Friday, April 11th. National Bank Financial upgraded shares of Barrick Gold to a "hold" rating in a research note on Friday, March 21st. Stifel Canada raised shares of Barrick Gold to a "strong-buy" rating in a research report on Wednesday, March 19th. Royal Bank of Canada raised their price objective on Barrick Gold from $22.00 to $23.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Finally, TD Securities reduced their target price on Barrick Gold from $24.00 to $23.00 and set a "buy" rating for the company in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.05.

Barrick Gold Stock Performance

Barrick Gold stock traded up $0.05 during mid-day trading on Friday, reaching $18.95. 2,521,447 shares of the company were exchanged, compared to its average volume of 1,725,991. The firm's 50-day simple moving average is $19.02 and its two-hundred day simple moving average is $17.76. Barrick Gold Corp has a twelve month low of $17.41 and a twelve month high of $47.50. The firm has a market cap of $32.58 billion, a PE ratio of 15.41, 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 quick ratio of 2.15 and a current ratio of 2.89.

Barrick Gold (NYSE:B - Get Free Report) TSE: ABX last issued its quarterly earnings results on Wednesday, May 7th. The gold and copper producer reported $0.35 earnings per share 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 company's revenue for the quarter was up 13.9% on a year-over-year basis. During the same period last year, the company earned $0.19 earnings per share. Equities analysts predict that Barrick Gold Corp will post 1.47 earnings per share for the current fiscal year.

Barrick Gold announced that its Board of Directors has authorized a share buyback plan on Wednesday, February 12th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the gold and copper producer to reacquire up to 3.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's management believes its shares are undervalued.

Barrick Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.11%. Barrick Gold's dividend payout ratio (DPR) is 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.