Hussman Strategic Advisors Inc. Has $11.99 Million Position in Barrick Gold Corp (NYSE:GOLD)

Hussman Strategic Advisors Inc. raised its holdings in shares of Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX by 44.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 663,000 shares of the gold and copper producer's stock after acquiring an additional 204,000 shares during the quarter. Barrick Gold makes up 2.7% of Hussman Strategic Advisors Inc.'s investment portfolio, making the stock its biggest holding. Hussman Strategic Advisors Inc.'s holdings in Barrick Gold were worth $11,994,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Creative Financial Designs Inc. ADV boosted its position in shares of Barrick Gold by 7.1% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 9,100 shares of the gold and copper producer's stock valued at $165,000 after purchasing an additional 600 shares during the period. Stratos Wealth Partners LTD. boosted its position in shares of Barrick Gold by 5.3% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 13,714 shares of the gold and copper producer's stock valued at $200,000 after purchasing an additional 689 shares during the period. Legacy Wealth Asset Management LLC boosted its position in shares of Barrick Gold by 2.9% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 24,555 shares of the gold and copper producer's stock valued at $357,000 after purchasing an additional 694 shares during the period. A. D. Beadell Investment Counsel Inc. boosted its position in shares of Barrick Gold by 1.2% in the 4th quarter. A. D. Beadell Investment Counsel Inc. now owns 59,825 shares of the gold and copper producer's stock valued at $1,082,000 after purchasing an additional 700 shares during the period. Finally, Fifth Third Bancorp boosted its position in shares of Barrick Gold by 13.1% in the 3rd quarter. Fifth Third Bancorp now owns 6,067 shares of the gold and copper producer's stock valued at $88,000 after purchasing an additional 702 shares during the period. 62.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GOLD has been the subject of a number of research analyst reports. Royal Bank of Canada reissued an "outperform" rating and issued a $18.00 target price on shares of Barrick Gold in a research report on Monday, March 4th. TD Securities reduced their price objective on Barrick Gold from $22.00 to $21.00 and set a "buy" rating for the company in a research note on Friday, February 16th. Raymond James reduced their price objective on Barrick Gold from $24.00 to $23.00 and set an "outperform" rating for the company in a research note on Thursday, February 15th. Jefferies Financial Group initiated coverage on Barrick Gold in a research note on Thursday, February 29th. They set a "buy" rating and a $21.00 price objective for the company. Finally, StockNews.com raised Barrick Gold from a "hold" rating to a "buy" rating in a research note on Wednesday, February 21st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Barrick Gold currently has a consensus rating of "Moderate Buy" and an average price target of $20.82.

Barrick Gold Stock Performance

Shares of GOLD stock traded up $0.12 during trading hours on Friday, reaching $17.10. 25,611,702 shares of the company's stock were exchanged, compared to its average volume of 27,839,204. The company has a market cap of $30.02 billion, a P/E ratio of 23.75, a price-to-earnings-growth ratio of 1.58 and a beta of 0.58. The company's 50 day moving average is $15.91 and its two-hundred day moving average is $16.25. Barrick Gold Corp has a 1 year low of $13.76 and a 1 year high of $20.75. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.16 and a quick ratio of 2.40.

Barrick Gold (NYSE:GOLD - Get Free Report) TSE: ABX last released its quarterly earnings data on Wednesday, February 14th. The gold and copper producer reported $0.27 earnings per share 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 firm had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same period last year, the business posted $0.13 EPS. Equities research analysts anticipate that Barrick Gold Corp will post 0.9 EPS for the current fiscal year.

Barrick Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were paid a $0.074 dividend. This represents a $0.30 annualized dividend and a yield of 1.73%. The ex-dividend date was Wednesday, February 28th. Barrick Gold's payout ratio is currently 55.56%.

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.