Regal Partners Ltd Has $9.27 Million Holdings in Barrick Gold Corp (NYSE:GOLD)

Regal Partners Ltd lowered its holdings in Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX by 55.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 597,830 shares of the gold and copper producer's stock after selling 747,731 shares during the period. Barrick Gold comprises about 0.9% of Regal Partners Ltd's investment portfolio, making the stock its 23rd biggest holding. Regal Partners Ltd's holdings in Barrick Gold were worth $9,266,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Crowley Wealth Management Inc. acquired a new position in Barrick Gold during the 4th quarter valued at about $26,000. Strategic Investment Solutions Inc. IL acquired a new position in Barrick Gold in the 4th quarter worth approximately $37,000. First Horizon Advisors Inc. lifted its holdings 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 purchasing an additional 2,646 shares in the last quarter. Pingora Partners LLC boosted its position in shares of Barrick Gold by 250.0% in the fourth quarter. Pingora Partners LLC now owns 3,500 shares of the gold and copper producer's stock worth $54,000 after buying an additional 2,500 shares during the period. Finally, Newbridge Financial Services Group Inc. acquired a new position in Barrick Gold during the fourth quarter valued at $65,000. Institutional investors and hedge funds own 62.85% of the company's stock.

Barrick Gold Stock Up 0.3 %

NYSE GOLD traded up $0.05 during trading hours on Friday, hitting $18.42. 19,685,289 shares of the company traded hands, compared to its average volume of 21,457,104. The stock has a market capitalization of $31.67 billion, a price-to-earnings ratio of 14.98, a P/E/G ratio of 0.44 and a beta of 0.55. Barrick Gold Corp has a twelve month low of $15.11 and a twelve month high of $21.35. The business's 50-day moving average is $18.97 and its 200-day moving average is $17.90. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.15 and a current ratio of 2.89.

Barrick Gold (NYSE:GOLD - Get Free Report) TSE: ABX last announced its quarterly earnings data on Wednesday, February 12th. The gold and copper producer reported $0.46 EPS for the quarter, meeting analysts' consensus estimates of $0.46. Barrick Gold had a net margin of 16.59% and a return on equity of 6.76%. Sell-side analysts anticipate that Barrick Gold Corp will post 1.47 earnings per share for the current year.

Barrick Gold declared that its board has authorized a stock buyback plan on Wednesday, February 12th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the gold and copper producer to repurchase up to 3.2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

Barrick Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.17%. The ex-dividend date was Friday, February 28th. Barrick Gold's dividend payout ratio is 32.52%.

Analysts Set New Price Targets

GOLD has been the topic of a number of research analyst reports. UBS Group boosted their price objective on shares of Barrick Gold from $22.00 to $25.00 and gave the company a "buy" rating in a research report on Friday, April 11th. StockNews.com upgraded Barrick Gold from a "buy" rating to a "strong-buy" rating in a report on Saturday, April 5th. National Bank Financial upgraded Barrick Gold to a "hold" rating in a report on Friday, March 21st. BMO Capital Markets initiated coverage on Barrick Gold in a research report on Wednesday, April 16th. They set a "market perform" rating on the stock. Finally, Citigroup lowered their price objective on Barrick Gold from $21.00 to $17.00 and set a "neutral" rating on the stock in a research report on Monday, March 31st. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Barrick Gold currently has an average rating of "Moderate Buy" and an average price target 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.