28,720 Shares in Barrick Gold Corp (NYSE:GOLD) Bought by Parvin Asset Management LLC

Parvin Asset Management LLC acquired a new stake in Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 28,720 shares of the gold and copper producer's stock, valued at approximately $445,000.

A number of other hedge funds have also recently added to or reduced their stakes in GOLD. Crowley Wealth Management Inc. bought a new position in shares of Barrick Gold during the fourth quarter valued at $26,000. Strategic Investment Solutions Inc. IL acquired a new position in Barrick Gold during the 4th quarter worth about $37,000. First Horizon Advisors Inc. increased its stake in shares of Barrick Gold by 619.7% in the fourth quarter. First Horizon Advisors Inc. now owns 3,073 shares of the gold and copper producer's stock valued at $48,000 after buying an additional 2,646 shares during the period. Pingora Partners LLC raised its position in shares of Barrick Gold by 250.0% during the fourth quarter. Pingora Partners LLC now owns 3,500 shares of the gold and copper producer's stock worth $54,000 after acquiring an additional 2,500 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its stake in shares of Barrick Gold by 196.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 4,178 shares of the gold and copper producer's stock worth $65,000 after acquiring an additional 2,771 shares during the period. Institutional investors and hedge funds own 62.85% of the company's stock.

Barrick Gold Trading Down 3.5 %

Shares of GOLD traded down $0.67 during mid-day trading on Thursday, reaching $18.37. The company's stock had a trading volume of 19,790,485 shares, compared to its average volume of 21,454,726. Barrick Gold Corp has a 52 week low of $15.11 and a 52 week high of $21.35. The stock has a market cap of $31.59 billion, a PE ratio of 14.94, a P/E/G ratio of 0.44 and a beta of 0.55. The company's fifty day moving average price is $18.97 and its two-hundred day moving average price is $17.90. 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 posted its quarterly earnings results on Wednesday, February 12th. The gold and copper producer reported $0.46 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.46. Barrick Gold had a net margin of 16.59% and a return on equity of 6.76%. On average, analysts predict that Barrick Gold Corp will post 1.47 earnings per share for the current fiscal year.

Barrick Gold declared that its Board of Directors has initiated a stock repurchase program on Wednesday, February 12th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the gold and copper producer to reacquire up to 3.2% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its shares are undervalued.

Barrick Gold Dividend Announcement

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

Analyst Ratings Changes

GOLD has been the subject of a number of analyst reports. Citigroup lowered their target price on shares of Barrick Gold from $21.00 to $17.00 and set a "neutral" rating for the company in a research note on Monday, March 31st. StockNews.com raised shares of Barrick Gold from a "buy" rating to a "strong-buy" rating in a research note on Saturday, April 5th. National Bankshares reaffirmed an "outperform" rating on shares of Barrick Gold in a research note on Wednesday, April 2nd. Stifel Canada upgraded Barrick Gold to a "strong-buy" rating in a research note on Wednesday, March 19th. Finally, UBS Group upped their price target on Barrick Gold from $22.00 to $25.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Barrick Gold currently has a consensus rating of "Moderate Buy" and an average target price of $24.05.

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.