Jump Financial LLC Sells 42,841 Shares of Barrick Gold Corp (NYSE:GOLD)

Jump Financial LLC reduced its position in Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX by 72.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,359 shares of the gold and copper producer's stock after selling 42,841 shares during the quarter. Jump Financial LLC's holdings in Barrick Gold were worth $254,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Principal Financial Group Inc. boosted its holdings in Barrick Gold by 19.9% during the 3rd quarter. Principal Financial Group Inc. now owns 483,613 shares of the gold and copper producer's stock worth $9,630,000 after acquiring an additional 80,366 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Barrick Gold by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,073,717 shares of the gold and copper producer's stock worth $78,637,000 after purchasing an additional 128,203 shares during the last quarter. Crocodile Capital Partners GmbH raised its holdings in shares of Barrick Gold by 97.3% in the 4th quarter. Crocodile Capital Partners GmbH now owns 1,460,000 shares of the gold and copper producer's stock worth $22,630,000 after purchasing an additional 720,000 shares during the period. Legend Financial Advisors Inc. purchased a new position in Barrick Gold in the fourth quarter valued at approximately $700,000. Finally, Gateway Investment Advisers LLC grew its holdings in Barrick Gold by 6.9% during the fourth quarter. Gateway Investment Advisers LLC now owns 278,717 shares of the gold and copper producer's stock valued at $4,320,000 after purchasing an additional 17,980 shares during the period. 62.85% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on GOLD. Bank of America lowered 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. BMO Capital Markets initiated coverage on shares of Barrick Gold in a report on Wednesday, April 16th. They set a "market perform" rating on the stock. UBS Group lifted their target price on shares of Barrick Gold from $22.00 to $25.00 and gave the stock 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. Finally, Citigroup cut their price objective on shares of Barrick Gold from $21.00 to $17.00 and set a "neutral" rating for the company in a report on Monday, March 31st. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $24.05.

Barrick Gold Price Performance

GOLD traded down $0.67 on Thursday, reaching $18.37. The company had a trading volume of 6,558,673 shares, compared to its average volume of 21,458,986. Barrick Gold Corp has a 52-week low of $15.11 and a 52-week high of $21.35. The company has a market cap of $31.58 billion, a price-to-earnings ratio of 14.96, a P/E/G ratio of 0.44 and a beta of 0.55. 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 has a 50 day simple moving average of $18.97 and a 200 day simple moving average of $17.91.

Barrick Gold (NYSE:GOLD - Get Free Report) TSE: ABX last posted its quarterly earnings data on Wednesday, February 12th. The gold and copper producer reported $0.46 earnings per share for the quarter, meeting the consensus estimate of $0.46. Barrick Gold had a net margin of 16.59% and a return on equity of 6.76%. As a group, sell-side analysts anticipate that Barrick Gold Corp will post 1.47 EPS for the current year.

Barrick Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date was Friday, February 28th. Barrick Gold's payout ratio is currently 32.52%.

Barrick Gold announced that its board has authorized a share buyback program 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 buy up to 3.2% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

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.