Man Group plc Has $103.60 Million Holdings in Barrick Gold Corp (NYSE:B)

Man Group plc lowered its holdings in Barrick Gold Corp (NYSE:B - Free Report) TSE: ABX by 1.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,684,049 shares of the gold and copper producer's stock after selling 128,258 shares during the period. Man Group plc owned approximately 0.39% of Barrick Gold worth $103,603,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of B. Crowley Wealth Management Inc. bought a new stake in shares of Barrick Gold during the 4th quarter worth approximately $26,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Barrick Gold during the 4th quarter worth approximately $37,000. First Horizon Advisors Inc. lifted its holdings in shares of Barrick Gold by 619.7% during the 4th quarter. First Horizon Advisors Inc. now owns 3,073 shares of the gold and copper producer's stock worth $48,000 after acquiring an additional 2,646 shares during the period. Pingora Partners LLC lifted its holdings in shares of Barrick Gold by 250.0% during the 4th quarter. Pingora Partners LLC now owns 3,500 shares of the gold and copper producer's stock worth $54,000 after acquiring an additional 2,500 shares during the period. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of Barrick Gold during the 4th quarter worth approximately $65,000. Institutional investors own 90.82% of the company's stock.

Barrick Gold Trading Down 0.6%

NYSE B traded down $0.10 on Friday, hitting $17.85. The company's stock had a trading volume of 16,134,446 shares, compared to its average volume of 1,183,937. 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 Corp has a 1-year low of $17.44 and a 1-year high of $47.50. The company's 50-day moving average is $19.04 and its 200 day moving average is $17.75. The firm has a market cap of $30.69 billion, a PE ratio of 14.51, a PEG ratio of 0.44 and a beta of 0.25.

Barrick Gold (NYSE:B - Get Free Report) TSE: ABX last announced its quarterly earnings results on Wednesday, May 7th. The gold and copper producer reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.06. Barrick Gold had a net margin of 16.59% and a return on equity of 6.76%. The firm had revenue of $3 billion during the quarter, compared to analysts' expectations of $3.15 billion. During the same period in the prior year, the company posted $0.19 EPS. The company's revenue was up 13.9% on a year-over-year basis. As a group, analysts predict that Barrick Gold Corp will post 1.47 earnings per share for the current fiscal year.

Barrick Gold announced that its board has authorized a stock 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 stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its stock is undervalued.

Barrick Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.24%. The ex-dividend date is Friday, May 30th. Barrick Gold's dividend payout ratio (DPR) is presently 30.08%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on B. BMO Capital Markets began coverage on shares of Barrick Gold in a report on Wednesday, April 16th. They set a "market perform" rating for the company. UBS Group upped their price objective on shares of Barrick Gold from $22.00 to $25.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. TD Securities lowered their price objective on shares of Barrick Gold from $24.00 to $23.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. National Bankshares reiterated an "outperform" rating on shares of Barrick Gold in a research report on Wednesday, April 2nd. Finally, National Bank Financial upgraded shares of Barrick Gold to a "hold" rating in a research report on Friday, March 21st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average 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.