Intact Investment Management Inc. Has $44.16 Million Stake in Barrick Gold Corp (NYSE:GOLD)

Intact Investment Management Inc. decreased its stake in Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 14.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,444,150 shares of the gold and copper producer’s stock after selling 397,290 shares during the quarter. Barrick Gold accounts for about 1.8% of Intact Investment Management Inc.’s portfolio, making the stock its 16th largest position. Intact Investment Management Inc.’s holdings in Barrick Gold were worth $44,161,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in GOLD. CWM LLC increased its holdings in shares of Barrick Gold by 6.9% in the third quarter. CWM LLC now owns 15,108 shares of the gold and copper producer’s stock worth $220,000 after acquiring an additional 971 shares in the last quarter. Clarius Group LLC bought a new stake in shares of Barrick Gold in the third quarter worth about $262,000. U.S. Capital Wealth Advisors LLC increased its holdings in shares of Barrick Gold by 1.7% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 196,039 shares of the gold and copper producer’s stock worth $2,852,000 after acquiring an additional 3,202 shares in the last quarter. Uncommon Cents Investing LLC increased its holdings in shares of Barrick Gold by 1.0% in the third quarter. Uncommon Cents Investing LLC now owns 117,225 shares of the gold and copper producer’s stock worth $1,706,000 after acquiring an additional 1,145 shares in the last quarter. Finally, Golden State Equity Partners bought a new stake in shares of Barrick Gold in the third quarter worth about $146,000. Institutional investors and hedge funds own 62.85% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Royal Bank of Canada restated an “outperform” rating and issued a $18.00 price target on shares of Barrick Gold in a report on Monday, March 4th. StockNews.com upgraded Barrick Gold from a “hold” rating to a “buy” rating in a report on Wednesday, February 21st. Sanford C. Bernstein downgraded Barrick Gold from an “outperform” rating to a “market perform” rating in a report on Monday, January 8th. National Bank Financial reiterated a “sector perform overweight” rating on shares of Barrick Gold in a report on Monday, April 8th. Finally, BMO Capital Markets decreased their price objective on Barrick Gold from $27.00 to $26.00 and set an “outperform” rating for the company in a report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $20.06.

Barrick Gold Stock Up 0.1 %

GOLD stock traded up $0.01 during mid-day trading on Friday, reaching $17.09. The company had a trading volume of 19,814,196 shares, compared to its average volume of 29,788,420. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.16 and a quick ratio of 2.40. The stock has a 50 day simple moving average of $16.14 and a two-hundred day simple moving average of $16.31. 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 Corp has a 52 week low of $13.76 and a 52 week high of $20.75.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last released its quarterly earnings data on Wednesday, February 14th. The gold and copper producer reported $0.27 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $3.13 billion. During the same period last year, the firm posted $0.13 earnings per share. As a group, equities analysts predict that Barrick Gold Corp will post 0.95 earnings per share for the current fiscal year.

Barrick Gold Cuts Dividend

The firm also recently disclosed 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 payout ratio is 55.56%.

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.