Mmbg Investment Advisors CO. Makes New $671,000 Investment in Barrick Gold Corp (NYSE:GOLD)

Mmbg Investment Advisors CO. acquired a new position in shares of Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 43,200 shares of the gold and copper producer's stock, valued at approximately $671,000.

Several other institutional investors also recently bought and sold shares of the company. Van ECK Associates Corp increased its stake in 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 worth $1,182,641,000 after purchasing an additional 1,563,361 shares in the last quarter. Vanguard Group Inc. boosted 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 worth $1,060,036,000 after purchasing an additional 1,195,585 shares in the last quarter. Wellington Management Group LLP boosted its stake in Barrick Gold by 17.5% in the fourth quarter. Wellington Management Group LLP now owns 64,310,800 shares of the gold and copper producer's stock valued at $996,802,000 after acquiring an additional 9,598,292 shares during the last quarter. Capital International Investors increased its holdings in shares of Barrick Gold by 136.1% in the fourth quarter. Capital International Investors now owns 33,293,792 shares of the gold and copper producer's stock worth $516,055,000 after acquiring an additional 19,189,830 shares in the last quarter. Finally, Amundi boosted its holdings in Barrick Gold by 1.7% during the fourth quarter. Amundi now owns 14,120,278 shares of the gold and copper producer's stock worth $223,665,000 after purchasing an additional 236,116 shares during the last quarter. 62.85% of the stock is owned by institutional investors and hedge funds.

Barrick Gold Trading Down 3.0%

Shares of GOLD opened at $18.83 on Monday. The business has a 50-day moving average of $19.09 and a 200 day moving average of $17.79. Barrick Gold Corp has a fifty-two week low of $15.11 and a fifty-two week high of $21.35. The firm has a market cap of $32.37 billion, a P/E ratio of 15.30, 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:GOLD - Get Free Report) TSE: ABX last released its quarterly earnings data 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. The business had revenue of $3 billion for the quarter, compared to analysts' expectations of $3.15 billion. Barrick Gold had a return on equity of 6.76% and a net margin of 16.59%. The firm's quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.19 EPS. As a group, research analysts forecast that Barrick Gold Corp will post 1.47 EPS for the current year.

Barrick Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date is Friday, May 30th. Barrick Gold's dividend payout ratio (DPR) is presently 30.08%.

Barrick Gold announced that its Board of Directors has authorized a share 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 buy up to 3.2% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on GOLD shares. Stifel Canada raised Barrick Gold to a "strong-buy" rating in a research note on Wednesday, March 19th. Raymond James raised their price target on Barrick Gold from $23.00 to $23.50 and gave the company an "outperform" rating in a report on Monday, March 31st. TD Securities decreased their price target on Barrick Gold from $24.00 to $23.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Citigroup cut their price target on Barrick Gold from $21.00 to $17.00 and set a "neutral" rating on the stock in a research note on Monday, March 31st. Finally, National Bank Financial upgraded shares of Barrick Gold to a "hold" rating in a research note on Friday, March 21st. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Barrick Gold currently has an average rating of "Moderate Buy" and a consensus price target of $24.05.

Barrick Gold 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.

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