Rockshelter Capital Management LLC Increases Holdings in Barrick Gold Corporation (ABX)

Rockshelter Capital Management LLC raised its holdings in shares of Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) by 7.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 57,110 shares of the basic materials company’s stock after acquiring an additional 4,140 shares during the period. Rockshelter Capital Management LLC’s holdings in Barrick Gold Corporation were worth $909,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Capital Innovations LLC lifted its stake in Barrick Gold Corporation by 116.6% during the 2nd quarter. Capital Innovations LLC now owns 21,655 shares of the basic materials company’s stock valued at $344,000 after acquiring an additional 11,655 shares during the period. Bank of Nova Scotia lifted its stake in Barrick Gold Corporation by 0.9% during the 2nd quarter. Bank of Nova Scotia now owns 2,939,418 shares of the basic materials company’s stock valued at $46,777,000 after acquiring an additional 26,496 shares during the period. Cubist Systematic Strategies LLC lifted its stake in Barrick Gold Corporation by 57.7% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 67,660 shares of the basic materials company’s stock valued at $1,077,000 after acquiring an additional 24,761 shares during the period. Sciencast Management LP acquired a new stake in Barrick Gold Corporation during the 2nd quarter valued at approximately $204,000. Finally, State Street Corp lifted its stake in Barrick Gold Corporation by 25.1% during the 2nd quarter. State Street Corp now owns 1,079,473 shares of the basic materials company’s stock valued at $17,174,000 after acquiring an additional 216,869 shares during the period. Institutional investors and hedge funds own 55.70% of the company’s stock.

Barrick Gold Corporation (NYSE:ABX) traded down 0.54% during trading on Wednesday, hitting $16.56. 2,882,043 shares of the stock traded hands. The firm’s 50-day moving average is $17.01 and its 200-day moving average is $16.97. The stock has a market cap of $19.31 billion, a P/E ratio of 8.20 and a beta of -0.34. Barrick Gold Corporation has a 12 month low of $13.81 and a 12 month high of $20.78.

Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) last issued its quarterly earnings results on Wednesday, July 26th. The basic materials company reported $0.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.05. Barrick Gold Corporation had a return on equity of 8.91% and a net margin of 26.95%. The firm had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period last year, the company earned $0.14 earnings per share. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, analysts forecast that Barrick Gold Corporation will post $0.75 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 31st were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend was Tuesday, August 29th. Barrick Gold Corporation’s dividend payout ratio is presently 5.94%.

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Several analysts have commented on the stock. Royal Bank Of Canada restated an “outperform” rating on shares of Barrick Gold Corporation in a research note on Thursday, September 7th. BMO Capital Markets set a $18.00 price objective on shares of Barrick Gold Corporation and gave the company a “hold” rating in a research note on Wednesday, August 23rd. BidaskClub cut shares of Barrick Gold Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 16th. Jefferies Group LLC restated a “buy” rating and set a $20.00 price objective on shares of Barrick Gold Corporation in a research note on Thursday, September 21st. Finally, Zacks Investment Research cut shares of Barrick Gold Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Ten equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $20.15.

Barrick Gold Corporation Profile

Barrick Gold Corporation (Barrick) is a gold mining company. The Company is principally engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company’s segments include Goldstrike, Cortez, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Acacia Mining plc (Acacia), Pascua-Lama and Other Mines.

Institutional Ownership by Quarter for Barrick Gold Corporation (NYSE:ABX)

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