Aubrey Capital Management Ltd Sells 17,000 Shares of Barrick Gold Corp (NYSE:GOLD)

Aubrey Capital Management Ltd trimmed its holdings in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 85.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,000 shares of the gold and copper producer’s stock after selling 17,000 shares during the quarter. Aubrey Capital Management Ltd’s holdings in Barrick Gold were worth $54,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of GOLD. CWM LLC increased its holdings in Barrick Gold by 6.9% in the 3rd quarter. CWM LLC now owns 15,108 shares of the gold and copper producer’s stock valued at $220,000 after buying an additional 971 shares during the period. Clarius Group LLC bought a new position in Barrick Gold in the 3rd quarter valued at about $262,000. U.S. Capital Wealth Advisors LLC increased its holdings in Barrick Gold by 1.7% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 196,039 shares of the gold and copper producer’s stock valued at $2,852,000 after buying an additional 3,202 shares during the period. Uncommon Cents Investing LLC increased its holdings in Barrick Gold by 1.0% in the 3rd quarter. Uncommon Cents Investing LLC now owns 117,225 shares of the gold and copper producer’s stock valued at $1,706,000 after buying an additional 1,145 shares during the period. Finally, Golden State Equity Partners bought a new position in Barrick Gold in the 3rd quarter valued at about $146,000. 62.85% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on GOLD shares. Argus reissued a “hold” rating on shares of Barrick Gold in a report on Monday, February 26th. CIBC decreased their price target on shares of Barrick Gold from $27.00 to $23.00 and set an “outperform” rating on the stock in a report on Wednesday, February 7th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $18.00 price target on shares of Barrick Gold in a report on Monday, March 4th. Scotiabank decreased their price target on shares of Barrick Gold from $24.00 to $23.00 and set a “sector outperform” rating on the stock in a report on Tuesday, February 20th. Finally, Sanford C. Bernstein lowered shares of Barrick Gold from an “outperform” rating to a “market perform” rating in a report on Monday, January 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Barrick Gold presently has a consensus rating of “Moderate Buy” and an average price target of $20.06.

Barrick Gold Trading Up 0.1 %

Shares of NYSE GOLD traded up $0.01 during midday trading on Friday, reaching $17.09. The stock had a trading volume of 19,814,196 shares, compared to its average volume of 29,788,420. The firm has a market cap of $30.00 billion, a price-to-earnings ratio of 23.74, a price-to-earnings-growth ratio of 1.50 and a beta of 0.58. Barrick Gold Corp has a twelve month low of $13.76 and a twelve month high of $20.75. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.40 and a current ratio of 3.16. The company’s 50 day moving average price is $16.14 and its 200 day moving average price is $16.31.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last issued its quarterly earnings results on Wednesday, February 14th. The gold and copper producer reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.06. The firm had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.13 billion. Barrick Gold had a net margin of 11.16% and a return on equity of 4.64%. During the same quarter in the previous year, the company earned $0.13 EPS. As a group, sell-side analysts expect that Barrick Gold Corp will post 0.95 EPS for the current year.

Barrick Gold Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were given a $0.074 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.73%. Barrick Gold’s dividend payout ratio (DPR) is currently 55.56%.

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.