IHT Wealth Management LLC Has $692,000 Holdings in Barrick Gold Corp (NYSE:GOLD)

IHT Wealth Management LLC grew its position in Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX by 93.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 44,620 shares of the gold and copper producer's stock after buying an additional 21,568 shares during the period. IHT Wealth Management LLC's holdings in Barrick Gold were worth $692,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp lifted its stake in shares of Barrick Gold by 2.1% in the 4th quarter. Van ECK Associates Corp now owns 76,299,834 shares of the gold and copper producer's stock valued at $1,182,641,000 after purchasing an additional 1,563,361 shares during the period. Vanguard Group Inc. lifted its stake in Barrick Gold by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 68,358,533 shares of the gold and copper producer's stock valued at $1,060,036,000 after buying an additional 1,195,585 shares during the period. Wellington Management Group LLP boosted its holdings in Barrick Gold by 17.5% during the fourth quarter. Wellington Management Group LLP now owns 64,310,800 shares of the gold and copper producer's stock worth $996,802,000 after buying an additional 9,598,292 shares during the last quarter. Capital International Investors grew its position in shares of Barrick Gold by 136.1% during the 4th quarter. Capital International Investors now owns 33,293,792 shares of the gold and copper producer's stock worth $516,055,000 after buying an additional 19,189,830 shares during the period. Finally, Amundi increased its stake in shares of Barrick Gold by 1.7% in the 4th quarter. Amundi now owns 14,120,278 shares of the gold and copper producer's stock valued at $223,665,000 after acquiring an additional 236,116 shares during the last quarter. 62.85% of the stock is currently owned by institutional investors and hedge funds.

Barrick Gold Stock Performance

Shares of GOLD stock traded down $0.38 on Tuesday, reaching $18.93. The stock had a trading volume of 5,749,627 shares, compared to its average volume of 24,009,734. Barrick Gold Corp has a 12 month low of $15.11 and a 12 month high of $21.35. The firm has a market capitalization of $32.54 billion, a price-to-earnings ratio of 15.38, a P/E/G ratio of 0.44 and a beta of 0.55. The firm's 50-day moving average is $18.96 and its two-hundred day moving average is $17.90. The company has a quick ratio of 2.15, a current ratio of 2.89 and a debt-to-equity ratio of 0.14.

Barrick Gold (NYSE:GOLD - Get Free Report) TSE: ABX last released its quarterly earnings data on Wednesday, February 12th. The gold and copper producer reported $0.46 EPS for the quarter, hitting analysts' consensus estimates of $0.46. Barrick Gold had a net margin of 16.59% and a return on equity of 6.76%. On average, research analysts expect that Barrick Gold Corp will post 1.47 EPS for the current fiscal year.

Barrick Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.11%. The ex-dividend date was Friday, February 28th. Barrick Gold's payout ratio is 32.52%.

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

Analyst Upgrades and Downgrades

GOLD has been the subject of several recent analyst reports. National Bankshares restated an "outperform" rating on shares of Barrick Gold in a report on Wednesday, April 2nd. Royal Bank of Canada lifted their price target on shares of Barrick Gold from $22.00 to $23.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. Raymond James increased their price objective on shares of Barrick Gold from $23.00 to $23.50 and gave the stock an "outperform" rating in a research report on Monday, March 31st. Citigroup reduced their target price on shares of Barrick Gold from $21.00 to $17.00 and set a "neutral" rating for the company in a research note on Monday, March 31st. Finally, Bank of America downgraded Barrick Gold from a "buy" rating to a "neutral" rating and dropped their price target for the company from $21.00 to $18.00 in a research note on Monday, January 27th. Seven 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. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average 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.