Aubrey Capital Management Ltd Lowers Stock Position in Barrick Gold Corp (NYSE:GOLD)

Aubrey Capital Management Ltd lowered its position in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 85.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bruce G. Allen Investments LLC bought a new position in shares of Barrick Gold during the fourth quarter valued at $35,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in Barrick Gold in the 4th quarter worth about $61,000. Cary Street Partners Investment Advisory LLC increased its holdings in Barrick Gold by 41.1% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 3,919 shares of the gold and copper producer’s stock worth $57,000 after buying an additional 1,142 shares in the last quarter. Headlands Technologies LLC bought a new stake in Barrick Gold in the 3rd quarter worth about $75,000. Finally, Fifth Third Bancorp increased its holdings in Barrick Gold by 13.1% in the 3rd quarter. Fifth Third Bancorp now owns 6,067 shares of the gold and copper producer’s stock worth $88,000 after buying an additional 702 shares in the last quarter. Hedge funds and other institutional investors own 62.85% of the company’s stock.

Barrick Gold Price Performance

NYSE GOLD traded up $0.01 during trading hours on Friday, reaching $17.09. The company’s stock had a trading volume of 19,814,196 shares, compared to its average volume of 29,788,420. The firm’s 50-day moving average price is $16.14 and its 200-day moving average price is $16.31. The company has a quick ratio of 2.40, a current ratio of 3.16 and a debt-to-equity ratio of 0.15. Barrick Gold Corp has a 1 year low of $13.76 and a 1 year high of $20.75. The company has a market capitalization of $30.00 billion, a price-to-earnings ratio of 23.74, a PEG ratio of 1.50 and a beta of 0.58.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last posted its quarterly earnings results on Wednesday, February 14th. The gold and copper producer reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.06. Barrick Gold had a return on equity of 4.64% and a net margin of 11.16%. The company had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same period in the previous year, the firm earned $0.13 EPS. On average, equities research analysts predict that Barrick Gold Corp will post 0.95 EPS for the current fiscal year.

Barrick Gold Cuts Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on GOLD. CIBC reduced their price objective on Barrick Gold from $27.00 to $23.00 and set an “outperform” rating for the company in a report on Wednesday, February 7th. TD Securities cut their price target on Barrick Gold from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Friday, February 16th. Sanford C. Bernstein downgraded Barrick Gold from an “outperform” rating to a “market perform” rating in a research note on Monday, January 8th. BMO Capital Markets cut their price target on Barrick Gold from $27.00 to $26.00 and set an “outperform” rating for the company in a research note on Wednesday, April 17th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $18.00 price target on shares of Barrick Gold in a research note on Monday, March 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Barrick Gold has a consensus rating of “Moderate Buy” and a consensus price target of $20.06.

Barrick Gold Company 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.