ANTIPODES PARTNERS Ltd Takes Position in Barrick Gold Corp (NYSE:GOLD)

ANTIPODES PARTNERS Ltd bought a new stake in shares of Barrick Gold Corp (NYSE:GOLDGet Rating) (TSE:ABX) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,485,942 shares of the gold and copper producer’s stock, valued at approximately $47,605,000. Barrick Gold makes up about 1.7% of ANTIPODES PARTNERS Ltd’s investment portfolio, making the stock its 25th biggest position.

Several other large investors have also recently bought and sold shares of GOLD. KRS Capital Management LLC purchased a new stake in Barrick Gold in the 4th quarter worth $27,000. Widmann Financial Services Inc. purchased a new stake in Barrick Gold in the 4th quarter worth $36,000. Paragon Capital Management Ltd purchased a new stake in Barrick Gold in the 4th quarter worth $38,000. Amplius Wealth Advisors LLC purchased a new stake in Barrick Gold in the 4th quarter worth $47,000. Finally, Total Clarity Wealth Management Inc. increased its holdings in Barrick Gold by 28.9% in the 4th quarter. Total Clarity Wealth Management Inc. now owns 2,450 shares of the gold and copper producer’s stock worth $47,000 after acquiring an additional 550 shares in the last quarter. 57.62% of the stock is owned by hedge funds and other institutional investors.

Shares of GOLD stock traded down $0.07 on Wednesday, hitting $21.24. 934,083 shares of the stock traded hands, compared to its average volume of 21,649,395. The firm’s 50-day moving average price is $23.31 and its two-hundred day moving average price is $21.23. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.12 and a current ratio of 3.95. The stock has a market capitalization of $37.79 billion, a PE ratio of 18.62, a PEG ratio of 10.52 and a beta of 0.25. Barrick Gold Corp has a twelve month low of $17.27 and a twelve month high of $26.07.

Barrick Gold (NYSE:GOLDGet Rating) (TSE:ABX) last announced its quarterly earnings results on Wednesday, May 4th. The gold and copper producer reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.03. The firm had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.75 billion. Barrick Gold had a net margin of 16.87% and a return on equity of 6.42%. The company’s revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS. On average, equities research analysts anticipate that Barrick Gold Corp will post 1.15 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 15th. Shareholders of record on Friday, May 27th will be given a $0.20 dividend. The ex-dividend date of this dividend is Thursday, May 26th. This represents a $0.80 dividend on an annualized basis and a yield of 3.77%. This is a boost from Barrick Gold’s previous quarterly dividend of $0.08. Barrick Gold’s dividend payout ratio is presently 35.09%.

Several brokerages recently commented on GOLD. National Bank Financial boosted their price target on shares of Barrick Gold from C$29.00 to C$38.00 in a report on Wednesday, April 20th. Sanford C. Bernstein lowered shares of Barrick Gold from an “outperform” rating to a “market perform” rating in a report on Monday, April 25th. TD Securities dropped their target price on shares of Barrick Gold from $31.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, May 5th. Raymond James set a $31.00 target price on shares of Barrick Gold and gave the stock an “outperform” rating in a report on Thursday, May 5th. Finally, Jefferies Financial Group upped their target price on shares of Barrick Gold from $23.00 to $24.00 and gave the stock a “hold” rating in a report on Wednesday, March 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $29.92.

About Barrick Gold (Get Rating)

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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