ANTIPODES PARTNERS Ltd Has $155.81 Million Stock Holdings in Barrick Gold Corp (NYSE:GOLD)

ANTIPODES PARTNERS Ltd increased its holdings in Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 4.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,051,460 shares of the gold and copper producer’s stock after acquiring an additional 408,684 shares during the period. Barrick Gold comprises approximately 5.4% of ANTIPODES PARTNERS Ltd’s portfolio, making the stock its 5th biggest holding. ANTIPODES PARTNERS Ltd’s holdings in Barrick Gold were worth $155,810,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. BNP Paribas grew its holdings in shares of Barrick Gold by 221.7% in the third quarter. BNP Paribas now owns 3,066 shares of the gold and copper producer’s stock valued at $62,000 after acquiring an additional 2,113 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in Barrick Gold by 619.7% during 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 during the period. Avior Wealth Management LLC grew its holdings in Barrick Gold by 24.1% during the third quarter. Avior Wealth Management LLC now owns 3,399 shares of the gold and copper producer’s stock valued at $68,000 after purchasing an additional 659 shares during the period. Newbridge Financial Services Group Inc. bought a new position in Barrick Gold during the fourth quarter valued at $65,000. Finally, Exchange Traded Concepts LLC grew its holdings in Barrick Gold by 196.9% during the fourth quarter. Exchange Traded Concepts LLC now owns 4,178 shares of the gold and copper producer’s stock valued at $65,000 after purchasing an additional 2,771 shares during the period. 62.85% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

GOLD has been the subject of several research reports. Berenberg Bank increased their price objective on Barrick Gold from $37.00 to $38.00 in a report on Tuesday, November 26th. Raymond James reduced their price objective on Barrick Gold from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Citigroup reduced their price objective on Barrick Gold from $23.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, December 20th. Cibc World Mkts downgraded Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. Finally, Scotiabank increased their target price on Barrick Gold from $19.00 to $20.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 18th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $23.75.

Barrick Gold Stock Down 0.4 %

GOLD opened at $18.38 on Thursday. The stock has a market cap of $31.74 billion, a PE ratio of 14.94, a P/E/G ratio of 0.44 and a beta of 0.58. The company has a quick ratio of 2.15, a current ratio of 2.89 and a debt-to-equity ratio of 0.14. Barrick Gold Corp has a 52 week low of $15.11 and a 52 week high of $21.35. The business’s fifty day simple moving average is $17.03 and its 200 day simple moving average is $18.10.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last released its 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 return on equity of 6.76% and a net margin of 16.59%. As a group, research analysts expect that Barrick Gold Corp will post 1.47 earnings per share for the current fiscal year.

Barrick Gold declared that its Board of Directors has initiated a share buyback plan on Wednesday, February 12th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the gold and copper producer to repurchase up to 3.2% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.

Barrick Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.40 dividend on an annualized basis and a yield of 2.18%. Barrick Gold’s dividend payout ratio is presently 32.52%.

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.