TD Waterhouse Canada Inc. Sells 60,270 Shares of Barrick Gold Corp (NYSE:GOLD)

TD Waterhouse Canada Inc. trimmed its holdings in shares of Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX by 14.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 344,087 shares of the gold and copper producer's stock after selling 60,270 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in Barrick Gold were worth $5,312,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of GOLD. Crowley Wealth Management Inc. purchased a new stake in Barrick Gold in the fourth quarter worth $26,000. Strategic Investment Solutions Inc. IL purchased a new stake in Barrick Gold in the fourth quarter worth $37,000. First Horizon Advisors Inc. increased its position in 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 worth $48,000 after buying an additional 2,646 shares during the last quarter. Exchange Traded Concepts LLC increased its position in 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 buying an additional 2,771 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of Barrick Gold in the fourth quarter worth $65,000. 62.85% of the stock is owned by hedge funds and other institutional investors.

Barrick Gold Price Performance

Shares of GOLD stock traded down $0.36 during trading on Friday, hitting $19.05. The company had a trading volume of 17,025,297 shares, compared to its average volume of 21,617,696. The company has a quick ratio of 2.15, a current ratio of 2.89 and a debt-to-equity ratio of 0.14. The stock's 50-day moving average is $18.95 and its two-hundred day moving average is $17.90. The stock has a market capitalization of $32.76 billion, a price-to-earnings ratio of 15.49, a price-to-earnings-growth ratio of 0.44 and a beta of 0.55. Barrick Gold Corp has a 52 week low of $15.11 and a 52 week high of $21.35.

Barrick Gold (NYSE:GOLD - Get Free Report) TSE: ABX last issued its quarterly earnings results 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%. As a group, analysts predict that Barrick Gold Corp will post 1.47 EPS for the current fiscal year.

Barrick Gold declared that its Board of Directors has approved a share repurchase plan on Wednesday, February 12th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the gold and copper producer to purchase up to 3.2% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

Barrick Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend was Friday, February 28th. Barrick Gold's payout ratio is currently 32.52%.

Analysts Set New Price Targets

GOLD has been the subject of a number of analyst reports. National Bank Financial raised Barrick Gold to a "hold" rating in a report on Friday, March 21st. National Bankshares reaffirmed an "outperform" rating on shares of Barrick Gold in a report on Wednesday, April 2nd. UBS Group raised their price target on Barrick Gold from $22.00 to $25.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Citigroup cut their price target on Barrick Gold from $21.00 to $17.00 and set a "neutral" rating for the company in a report on Monday, March 31st. Finally, Raymond James raised their price target on Barrick Gold from $23.00 to $23.50 and gave the stock an "outperform" rating in a report on Monday, March 31st. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Barrick Gold has a consensus rating of "Moderate Buy" and a consensus price target of $24.05.

Barrick Gold Profile

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.