Barrick Gold Corp (NYSE:GOLD) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its holdings in Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX by 1,531.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 312,179 shares of the gold and copper producer's stock after purchasing an additional 293,045 shares during the quarter. International Assets Investment Management LLC's holdings in Barrick Gold were worth $5,647,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of GOLD. Wellington Management Group LLP boosted its stake in Barrick Gold by 35.0% during the third quarter. Wellington Management Group LLP now owns 63,551,991 shares of the gold and copper producer's stock worth $925,121,000 after buying an additional 16,485,756 shares during the period. Snider Financial Group purchased a new position in Barrick Gold during the first quarter worth $185,000. BlackRock Inc. boosted its stake in Barrick Gold by 13.9% during the first quarter. BlackRock Inc. now owns 42,464,736 shares of the gold and copper producer's stock worth $788,570,000 after buying an additional 5,188,456 shares during the period. FMR LLC boosted its stake in Barrick Gold by 12.2% during the third quarter. FMR LLC now owns 43,399,480 shares of the gold and copper producer's stock worth $631,228,000 after buying an additional 4,731,559 shares during the period. Finally, Price T Rowe Associates Inc. MD purchased a new position in Barrick Gold during the first quarter worth $53,227,000. 62.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on GOLD shares. National Bank Financial reiterated a "sector perform overweight" rating on shares of Barrick Gold in a research report on Monday, April 8th. Raymond James decreased their price objective on Barrick Gold from $24.00 to $23.00 and set an "outperform" rating for the company in a report on Thursday, February 15th. Sanford C. Bernstein downgraded Barrick Gold from an "outperform" rating to a "market perform" rating in a report on Monday, January 8th. Jefferies Financial Group started coverage on Barrick Gold in a report on Thursday, February 29th. They issued a "buy" rating and a $21.00 price objective for the company. Finally, BMO Capital Markets decreased their price objective on Barrick Gold from $26.00 to $24.00 and set an "outperform" rating for the company in a report on Thursday, February 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $22.05.

Barrick Gold Stock Down 5.1 %

Barrick Gold stock traded down $0.89 during trading hours on Tuesday, reaching $16.48. The stock had a trading volume of 49,538,086 shares, compared to its average volume of 22,705,324. Barrick Gold Corp has a 52 week low of $13.76 and a 52 week high of $20.75. The company has a market cap of $28.93 billion, a price-to-earnings ratio of 22.89, a PEG ratio of 1.63 and a beta of 0.58. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.16 and a quick ratio of 2.40. The business's 50 day moving average price is $15.78 and its 200-day moving average price is $16.20.

Barrick Gold (NYSE:GOLD - Get Free Report) TSE: ABX last issued its quarterly earnings results on Wednesday, February 14th. The gold and copper producer reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates of $0.21 by $0.06. Barrick Gold had a return on equity of 4.64% and a net margin of 11.16%. The business had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the previous year, the firm earned $0.13 earnings per share. Sell-side analysts anticipate that Barrick Gold Corp will post 0.91 EPS for the current year.

Barrick Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were paid a dividend of $0.074 per share. The ex-dividend date was Wednesday, February 28th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.80%. Barrick Gold's payout ratio is 55.56%.

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.