Ninety One SA PTY Ltd Increases Holdings in Barrick Gold Corp (NYSE:GOLD)

Ninety One SA PTY Ltd boosted its holdings in shares of Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX by 151.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,775,058 shares of the gold and copper producer's stock after buying an additional 1,068,596 shares during the period. Barrick Gold comprises 4.9% of Ninety One SA PTY Ltd's portfolio, making the stock its 4th largest holding. Ninety One SA PTY Ltd owned approximately 0.10% of Barrick Gold worth $32,111,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Ninety One UK Ltd boosted its stake in shares of Barrick Gold by 13.2% in the 4th quarter. Ninety One UK Ltd now owns 16,022,022 shares of the gold and copper producer's stock valued at $289,838,000 after purchasing an additional 1,870,059 shares in the last quarter. Scissortail Wealth Management LLC acquired a new stake in shares of Barrick Gold in the 4th quarter valued at $295,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Barrick Gold by 5.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 428,403 shares of the gold and copper producer's stock valued at $7,778,000 after purchasing an additional 21,502 shares in the last quarter. Flputnam Investment Management Co. boosted its stake in shares of Barrick Gold by 25.4% in the 4th quarter. Flputnam Investment Management Co. now owns 135,725 shares of the gold and copper producer's stock valued at $2,455,000 after purchasing an additional 27,468 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its stake in shares of Barrick Gold by 4.4% in the 4th quarter. Mackenzie Financial Corp now owns 18,783,046 shares of the gold and copper producer's stock valued at $339,524,000 after purchasing an additional 787,829 shares in the last quarter. Institutional investors and hedge funds own 62.85% of the company's stock.

Barrick Gold Trading Up 1.7 %

Shares of GOLD stock traded up $0.28 on Thursday, reaching $16.98. The company had a trading volume of 18,600,471 shares, compared to its average volume of 22,680,254. The company has a current ratio of 3.16, a quick ratio of 2.40 and a debt-to-equity ratio of 0.15. The stock has a market cap of $29.81 billion, a PE ratio of 23.19, a PEG ratio of 1.50 and a beta of 0.58. The company has a 50-day moving average of $15.82 and a 200-day moving average of $16.20. Barrick Gold Corp has a 12 month low of $13.76 and a 12 month high of $20.75.

Barrick Gold (NYSE:GOLD - Get Free Report) TSE: ABX last issued its quarterly earnings data on Wednesday, February 14th. The gold and copper producer reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $3.13 billion. During the same period in the previous year, the firm earned $0.13 EPS. On average, equities analysts forecast that Barrick Gold Corp will post 0.91 earnings per share for the current year.

Barrick Gold Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were given a $0.074 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.30 annualized dividend and a dividend yield of 1.74%. Barrick Gold's dividend payout ratio is presently 55.56%.

Analyst Ratings Changes

GOLD has been the topic of several research reports. BMO Capital Markets reduced their price target on shares of Barrick Gold from $27.00 to $26.00 and set an "outperform" rating on the stock in a research report on Wednesday. Jefferies Financial Group initiated coverage on shares of Barrick Gold in a research report on Thursday, February 29th. They set a "buy" rating and a $21.00 price target on the stock. Sanford C. Bernstein downgraded shares of Barrick Gold from an "outperform" rating to a "market perform" rating in a research report on Monday, January 8th. Royal Bank of Canada reiterated an "outperform" rating and set a $18.00 price target on shares of Barrick Gold in a research report on Monday, March 4th. Finally, TD Securities reduced their price target on shares of Barrick Gold from $22.00 to $21.00 and set a "buy" rating on the stock in a research report on Friday, February 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $22.18.

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.