Barrick Gold Corp (NYSE:GOLD) Shares Acquired by Marshall Wace LLP

Marshall Wace LLP grew its holdings in Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 73.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 467,220 shares of the gold and copper producer’s stock after acquiring an additional 197,613 shares during the quarter. Marshall Wace LLP’s holdings in Barrick Gold were worth $7,793,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP increased its stake in Barrick Gold by 58.4% in the fourth quarter. Wellington Management Group LLP now owns 100,680,644 shares of the gold and copper producer’s stock valued at $1,821,963,000 after purchasing an additional 37,128,653 shares during the last quarter. Vanguard Group Inc. raised its stake in Barrick Gold by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 64,761,067 shares of the gold and copper producer’s stock worth $1,077,624,000 after acquiring an additional 1,089,572 shares in the last quarter. First Eagle Investment Management LLC lifted its position in Barrick Gold by 31.6% in the first quarter. First Eagle Investment Management LLC now owns 58,820,050 shares of the gold and copper producer’s stock valued at $978,766,000 after acquiring an additional 14,138,639 shares during the last quarter. Capital World Investors lifted its position in Barrick Gold by 16.4% in the fourth quarter. Capital World Investors now owns 45,479,229 shares of the gold and copper producer’s stock valued at $821,790,000 after acquiring an additional 6,417,244 shares during the last quarter. Finally, Capital International Investors boosted its stake in Barrick Gold by 4.7% in the fourth quarter. Capital International Investors now owns 18,242,364 shares of the gold and copper producer’s stock valued at $330,004,000 after acquiring an additional 823,330 shares in the last quarter. Institutional investors and hedge funds own 62.85% of the company’s stock.

Barrick Gold Stock Performance

NYSE GOLD opened at $20.23 on Monday. The stock has a market capitalization of $35.46 billion, a price-to-earnings ratio of 24.67, a PEG ratio of 0.49 and a beta of 0.55. The business’s 50 day moving average is $19.38 and its two-hundred day moving average is $17.82. Barrick Gold Corp has a 12-month low of $13.76 and a 12-month high of $21.21. The company has a current ratio of 3.01, a quick ratio of 2.31 and a debt-to-equity ratio of 0.15.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last released its quarterly earnings data on Monday, August 12th. The gold and copper producer reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.05. The firm had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.13 billion. Barrick Gold had a return on equity of 5.53% and a net margin of 12.78%. Barrick Gold’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.19 earnings per share. Research analysts expect that Barrick Gold Corp will post 1.25 EPS for the current year.

Barrick Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend was Friday, August 30th. Barrick Gold’s dividend payout ratio is currently 48.78%.

Analyst Ratings Changes

GOLD has been the subject of several research reports. Jefferies Financial Group boosted their target price on Barrick Gold from $23.00 to $24.00 and gave the company a “buy” rating in a report on Friday, September 13th. Royal Bank of Canada increased their price objective on Barrick Gold from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Scotiabank lifted their target price on shares of Barrick Gold from $23.00 to $25.00 and gave the company a “sector outperform” rating in a report on Monday, August 19th. Raymond James decreased their price target on shares of Barrick Gold from $26.50 to $26.00 and set an “outperform” rating for the company in a research note on Thursday. Finally, CIBC upped their target price on shares of Barrick Gold from $23.00 to $27.00 and gave the company an “outperformer” rating in a report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a 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 $23.60.

About Barrick Gold

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.