Voya Investment Management LLC Grows Holdings in Barrick Gold Corp (NYSE:B)

Voya Investment Management LLC boosted its stake in shares of Barrick Gold Corp (NYSE:B - Free Report) TSE: ABX by 65.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,051 shares of the gold and copper producer's stock after acquiring an additional 16,571 shares during the quarter. Voya Investment Management LLC's holdings in Barrick Gold were worth $652,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Integrated Wealth Concepts LLC increased its stake in Barrick Gold by 95.5% in the 4th quarter. Integrated Wealth Concepts LLC now owns 53,130 shares of the gold and copper producer's stock valued at $824,000 after purchasing an additional 25,952 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in Barrick Gold by 75.7% during the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 321,221 shares of the gold and copper producer's stock valued at $4,976,000 after acquiring an additional 138,351 shares in the last quarter. Hsbc Holdings PLC increased its holdings in Barrick Gold by 41.2% during the 4th quarter. Hsbc Holdings PLC now owns 4,558,410 shares of the gold and copper producer's stock valued at $70,631,000 after acquiring an additional 1,329,214 shares in the last quarter. IHT Wealth Management LLC increased its holdings in Barrick Gold by 93.6% during the 4th quarter. IHT Wealth Management LLC now owns 44,620 shares of the gold and copper producer's stock valued at $692,000 after acquiring an additional 21,568 shares in the last quarter. Finally, OneDigital Investment Advisors LLC increased its holdings in Barrick Gold by 11.7% during the 4th quarter. OneDigital Investment Advisors LLC now owns 19,913 shares of the gold and copper producer's stock valued at $309,000 after acquiring an additional 2,083 shares in the last quarter. Institutional investors and hedge funds own 62.85% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on B shares. BMO Capital Markets assumed coverage on shares of Barrick Gold in a report on Wednesday, April 16th. They set a "market perform" rating for the company. StockNews.com began coverage on shares of Barrick Gold in a report on Monday. They issued a "sell" rating for the company. TD Securities lowered their target price on shares of Barrick Gold from $24.00 to $23.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Royal Bank of Canada boosted their target price on shares of Barrick Gold from $22.00 to $23.00 and gave the company an "outperform" rating in a report on Friday, April 4th. Finally, UBS Group boosted their price objective on shares of Barrick Gold from $22.00 to $25.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $24.05.

Barrick Gold Price Performance

B traded down $0.54 during midday trading on Wednesday, hitting $17.63. The company had a trading volume of 7,764,201 shares, compared to its average volume of 873,113. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.15 and a current ratio of 2.89. The company has a market capitalization of $30.31 billion, a PE ratio of 14.33, a P/E/G ratio of 0.44 and a beta of 0.25. Barrick Gold Corp has a twelve month low of $17.58 and a twelve month high of $47.50. The firm's 50-day simple moving average is $19.08 and its 200-day simple moving average is $17.79.

Barrick Gold (NYSE:B - Get Free Report) TSE: ABX last issued its quarterly earnings data on Wednesday, May 7th. The gold and copper producer reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.06. The firm had revenue of $3 billion during the quarter, compared to analysts' expectations of $3.15 billion. Barrick Gold had a net margin of 16.59% and a return on equity of 6.76%. The business's revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.19 earnings per share. Equities research analysts predict that Barrick Gold Corp will post 1.47 EPS for the current fiscal year.

Barrick Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.40 dividend on an annualized basis and a yield of 2.27%. Barrick Gold's dividend payout ratio (DPR) is currently 30.08%.

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

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.