RWC Asset Management LLP Sells 213,145 Shares of Barrick Gold Corp (NYSE:GOLD)

RWC Asset Management LLP lowered its stake in Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX by 4.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,122,549 shares of the gold and copper producer's stock after selling 213,145 shares during the period. Barrick Gold makes up approximately 4.5% of RWC Asset Management LLP's portfolio, making the stock its 5th biggest holding. RWC Asset Management LLP owned about 0.23% of Barrick Gold worth $74,577,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of GOLD. Headlands Technologies LLC grew its holdings in Barrick Gold by 133.8% during the fourth quarter. Headlands Technologies LLC now owns 11,990 shares of the gold and copper producer's stock worth $217,000 after acquiring an additional 6,862 shares during the period. Kovack Advisors Inc. grew its holdings in Barrick Gold by 22.4% during the fourth quarter. Kovack Advisors Inc. now owns 25,777 shares of the gold and copper producer's stock worth $466,000 after acquiring an additional 4,713 shares during the period. K.J. Harrison & Partners Inc purchased a new stake in Barrick Gold during the fourth quarter worth $236,000. Parkside Financial Bank & Trust boosted its position in Barrick Gold by 19,047.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 8,042 shares of the gold and copper producer's stock worth $145,000 after purchasing an additional 8,000 shares in the last quarter. Finally, Significant Wealth Partners LLC purchased a new stake in Barrick Gold during the fourth quarter worth $924,000. Institutional investors and hedge funds own 62.85% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Raymond James decreased their target price on Barrick Gold from $24.00 to $23.00 and set an "outperform" rating on the stock in a research report on Thursday, February 15th. CIBC decreased their target price on Barrick Gold from $27.00 to $23.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 7th. National Bank Financial reiterated a "sector perform overweight" rating on shares of Barrick Gold in a research report on Monday, April 8th. Argus reiterated a "hold" rating on shares of Barrick Gold in a research report on Monday, February 26th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $18.00 price objective on shares of Barrick Gold in a research report on Monday, March 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $20.06.

Barrick Gold Trading Up 0.1 %

NYSE GOLD traded up $0.01 during trading hours on Friday, hitting $17.09. 19,814,196 shares of the company's stock were exchanged, compared to its average volume of 29,788,420. The business's 50 day moving average is $16.14 and its 200-day moving average is $16.32. Barrick Gold Corp has a 12-month low of $13.76 and a 12-month high of $20.75. The firm has a market capitalization of $30.00 billion, a P/E ratio of 23.74, a price-to-earnings-growth ratio of 1.50 and a beta of 0.58. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.40 and a current ratio of 3.16.

Barrick Gold (NYSE:GOLD - Get Free Report) TSE: ABX last released its earnings results on Wednesday, February 14th. The gold and copper producer reported $0.27 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the prior year, the business posted $0.13 earnings per share. As a group, analysts anticipate that Barrick Gold Corp will post 0.95 EPS for the current fiscal year.

Barrick Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were given a dividend of $0.074 per share. The ex-dividend date was Wednesday, February 28th. This represents a $0.30 annualized dividend and a yield of 1.73%. Barrick Gold's dividend payout ratio (DPR) is presently 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.