Nebula Research & Development LLC Has $778,000 Position in Barrick Gold Corp (NYSE:GOLD)

Nebula Research & Development LLC lifted its holdings in Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX by 156.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 50,180 shares of the gold and copper producer's stock after buying an additional 30,622 shares during the quarter. Nebula Research & Development LLC's holdings in Barrick Gold were worth $778,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Van ECK Associates Corp raised its holdings in Barrick Gold by 2.1% during 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 during the last quarter. Vanguard Group Inc. raised its holdings in Barrick Gold by 1.8% during the 4th 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 during the last quarter. Wellington Management Group LLP raised its holdings in Barrick Gold by 17.5% during the 4th quarter. Wellington Management Group LLP now owns 64,310,800 shares of the gold and copper producer's stock worth $996,802,000 after purchasing an additional 9,598,292 shares during the last quarter. Capital International Investors raised its holdings in 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 purchasing an additional 19,189,830 shares during the last quarter. Finally, Amundi raised its holdings in Barrick Gold by 1.7% during the 4th 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.

Wall Street Analysts Forecast Growth

GOLD has been the topic of several recent analyst reports. National Bankshares reissued an "outperform" rating on shares of Barrick Gold in a research note on Wednesday, April 2nd. Raymond James increased their target price on shares of Barrick Gold from $23.00 to $23.50 and gave the stock an "outperform" rating in a report on Monday, March 31st. BMO Capital Markets began coverage on shares of Barrick Gold in a report on Wednesday, April 16th. They issued a "market perform" rating on the stock. StockNews.com upgraded shares of Barrick Gold from a "buy" rating to a "strong-buy" rating in a report on Saturday, April 5th. Finally, Stifel Canada upgraded shares of Barrick Gold to a "strong-buy" rating in a report on Wednesday, March 19th. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Barrick Gold has a consensus rating of "Moderate Buy" and a consensus target price of $24.05.

Barrick Gold Stock Performance

Shares of GOLD traded down $0.72 during midday trading on Thursday, reaching $18.33. The stock had a trading volume of 9,959,012 shares, compared to its average volume of 21,472,528. The firm has a 50 day simple moving average of $18.97 and a 200-day simple moving average of $17.91. Barrick Gold Corp has a one year low of $15.11 and a one year high of $21.35. The firm has a market cap of $31.51 billion, a PE ratio of 14.90, a P/E/G ratio of 0.44 and a beta of 0.55. The company has a current ratio of 2.89, a quick ratio of 2.15 and a debt-to-equity ratio of 0.14.

Barrick Gold (NYSE:GOLD - Get Free Report) TSE: ABX last announced its quarterly earnings data on Wednesday, February 12th. The gold and copper producer reported $0.46 EPS for the quarter, meeting analysts' consensus estimates 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 Dividend Announcement

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

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 buy up to 3.2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board 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.