Teachers Advisors LLC reduced its stake in shares of Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) by 0.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 527,581 shares of the company’s stock after selling 2,170 shares during the period. Teachers Advisors LLC’s holdings in Barrick Gold Corporation were worth $9,349,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in ABX. First New York Securities LLC NY acquired a new position in Barrick Gold Corporation during the second quarter valued at approximately $117,000. Dubuque Bank & Trust Co. acquired a new position in Barrick Gold Corporation during the second quarter valued at approximately $141,000. Gemmer Asset Management LLC raised its position in Barrick Gold Corporation by 3,974.0% in the third quarter. Gemmer Asset Management LLC now owns 8,148 shares of the company’s stock valued at $144,000 after buying an additional 7,948 shares during the last quarter. Bourgeon Capital Management LLC acquired a new position in Barrick Gold Corporation during the second quarter valued at approximately $213,000. Finally, HRT Financial LLC acquired a new position in Barrick Gold Corporation during the second quarter valued at approximately $220,000. Hedge funds and other institutional investors own 58.22% of the company’s stock.
Barrick Gold Corporation (NYSE:ABX) traded down 3.10% on Wednesday, reaching $16.28. The company’s stock had a trading volume of 7,713,681 shares. The firm’s market capitalization is $18.97 billion. The stock’s 50 day moving average is $15.41 and its 200-day moving average is $17.96. Barrick Gold Corporation has a 52 week low of $7.39 and a 52 week high of $23.47.
Barrick Gold Corporation (NYSE:ABX) last posted its earnings results on Wednesday, October 26th. The company reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.04. Barrick Gold Corporation had a positive return on equity of 6.81% and a negative net margin of 28.22%. The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.25 billion. During the same period last year, the company earned $0.11 earnings per share. The business’s revenue was down .6% compared to the same quarter last year. Analysts predict that Barrick Gold Corporation will post $0.68 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th were issued a dividend of $0.02 per share. The ex-dividend date was Monday, November 28th. This represents a $0.08 annualized dividend and a yield of 0.48%. Barrick Gold Corporation’s dividend payout ratio (DPR) is currently -3.90%.
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Several equities research analysts have commented on the company. Zacks Investment Research lowered Barrick Gold Corporation from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Mackie upgraded Barrick Gold Corporation from a “sell” rating to a “hold” rating in a research note on Monday, October 31st. RBC Capital Markets restated a “sector perform” rating on shares of Barrick Gold Corporation in a research note on Wednesday, October 26th. Citigroup Inc. restated a “buy” rating on shares of Barrick Gold Corporation in a research note on Monday, October 17th. Finally, TD Securities restated a “buy” rating and set a $25.00 price target (down from $26.00) on shares of Barrick Gold Corporation in a research note on Thursday, November 3rd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $21.53.
About Barrick Gold Corporation
Barrick Gold Corporation (Barrick) is engaged in the production and sale of gold, as well as related activities, such as exploration and mine development. The Company produces copper, principally from its Zaldivar joint venture and Lumwana mine, and holds other interests. Barricks’ segments include Cortez, Goldstrike, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Porgera, Kalgoorlie, Acacia Mining plc, Lumwana, Zaldivar and Pascua-Lama Project.
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