Jump Financial LLC Lowers Stock Position in Barrick Gold Corp (NYSE:GOLD)

Jump Financial LLC cut its holdings in Barrick Gold Corp (NYSE:GOLDFree Report) (TSE:ABX) by 65.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,121 shares of the gold and copper producer’s stock after selling 195,884 shares during the quarter. Jump Financial LLC’s holdings in Barrick Gold were worth $1,902,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GOLD. Wellington Management Group LLP grew its holdings in shares of Barrick Gold by 35.0% in the 3rd quarter. Wellington Management Group LLP now owns 63,551,991 shares of the gold and copper producer’s stock worth $925,121,000 after acquiring an additional 16,485,756 shares during the period. Van ECK Associates Corp grew its stake in Barrick Gold by 9.7% in the 4th quarter. Van ECK Associates Corp now owns 80,933,517 shares of the gold and copper producer’s stock valued at $1,464,070,000 after acquiring an additional 7,150,142 shares during the last quarter. FMR LLC lifted its holdings in shares of Barrick Gold by 12.2% in the third quarter. FMR LLC now owns 43,399,480 shares of the gold and copper producer’s stock valued at $631,228,000 after purchasing an additional 4,731,559 shares in the last quarter. Ninety One UK Ltd increased its stake in shares of Barrick Gold by 13.2% during the 4th quarter. Ninety One UK Ltd now owns 16,022,022 shares of the gold and copper producer’s stock worth $289,838,000 after purchasing an additional 1,870,059 shares in the last quarter. Finally, Addenda Capital Inc. lifted its stake in Barrick Gold by 88.1% in the 4th quarter. Addenda Capital Inc. now owns 3,105,335 shares of the gold and copper producer’s stock valued at $56,176,000 after buying an additional 1,454,220 shares in the last quarter. Institutional investors and hedge funds own 62.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. StockNews.com upgraded Barrick Gold from a “hold” rating to a “buy” rating in a research report on Wednesday, February 21st. Royal Bank of Canada reissued an “outperform” rating and set a $18.00 price objective on shares of Barrick Gold in a research note on Monday, March 4th. National Bank Financial reiterated a “sector perform overweight” rating on shares of Barrick Gold in a research report on Monday, April 8th. Raymond James dropped their price objective on shares of Barrick Gold from $24.00 to $23.00 and set an “outperform” rating for the company in a research note on Thursday, February 15th. Finally, CIBC cut their price target on shares of Barrick Gold from $27.00 to $23.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $21.60.

View Our Latest Stock Analysis on Barrick Gold

Barrick Gold Stock Performance

GOLD stock opened at $16.93 on Tuesday. The stock’s fifty day moving average is $16.56 and its two-hundred day moving average is $16.35. The stock has a market capitalization of $29.72 billion, a price-to-earnings ratio of 20.65, a PEG ratio of 1.42 and a beta of 0.59. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.49 and a current ratio of 3.32. Barrick Gold Corp has a 1 year low of $13.76 and a 1 year high of $19.45.

Barrick Gold (NYSE:GOLDGet Free Report) (TSE:ABX) last posted its earnings results on Wednesday, May 1st. The gold and copper producer reported $0.19 EPS for the quarter, topping the consensus estimate of $0.15 by $0.04. The firm had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.74 billion. Barrick Gold had a net margin of 12.58% and a return on equity of 4.88%. Barrick Gold’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.14 EPS. On average, research analysts predict that Barrick Gold Corp will post 0.99 EPS for the current year.

Barrick Gold Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.36%. This is a positive change from Barrick Gold’s previous quarterly dividend of $0.07. The ex-dividend date is Friday, May 31st. Barrick Gold’s dividend payout ratio (DPR) is 48.78%.

Barrick Gold Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Barrick Gold (NYSE:GOLD)

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