Bennicas & Associates Inc. decreased its holdings in Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) by 26.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,208 shares of the basic materials company’s stock after selling 6,642 shares during the period. Bennicas & Associates Inc.’s holdings in Barrick Gold Corporation were worth $293,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the company. Highstreet Asset Management Inc. increased its holdings in shares of Barrick Gold Corporation by 237.7% in the 3rd quarter. Highstreet Asset Management Inc. now owns 125,404 shares of the basic materials company’s stock valued at $2,018,000 after purchasing an additional 88,273 shares during the period. Aperio Group LLC increased its holdings in shares of Barrick Gold Corporation by 12.8% in the 3rd quarter. Aperio Group LLC now owns 394,976 shares of the basic materials company’s stock valued at $6,355,000 after purchasing an additional 44,765 shares during the period. Saratoga Research & Investment Management acquired a new position in shares of Barrick Gold Corporation in the 3rd quarter valued at about $229,000. Rathbone Brothers plc increased its holdings in shares of Barrick Gold Corporation by 178.2% in the 3rd quarter. Rathbone Brothers plc now owns 52,209 shares of the basic materials company’s stock valued at $839,000 after purchasing an additional 33,440 shares during the period. Finally, Marathon Asset Management LLP acquired a new position in shares of Barrick Gold Corporation in the 3rd quarter valued at about $43,138,000. Institutional investors own 55.86% of the company’s stock.
ABX has been the topic of a number of research reports. Jefferies Group LLC set a $20.00 price objective on Barrick Gold Corporation and gave the stock a “buy” rating in a report on Tuesday, August 15th. Royal Bank Of Canada restated a “buy” rating and issued a $21.00 price objective on shares of Barrick Gold Corporation in a report on Tuesday, July 18th. Citigroup Inc. restated a “buy” rating on shares of Barrick Gold Corporation in a report on Wednesday, September 6th. Credit Suisse Group restated a “buy” rating and issued a $22.00 price objective on shares of Barrick Gold Corporation in a report on Sunday, September 24th. Finally, TheStreet downgraded Barrick Gold Corporation from a “b-” rating to a “c” rating in a report on Thursday. Twelve investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $19.80.
Shares of Barrick Gold Corporation (ABX) traded up 1.17% during midday trading on Friday, reaching $14.68. The company’s stock had a trading volume of 13,197,295 shares. The firm has a market cap of $17.12 billion, a price-to-earnings ratio of 7.27 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. The company has a 50-day moving average price of $16.44 and a 200-day moving average price of $16.70.
Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) last posted its quarterly earnings results on Wednesday, October 25th. The basic materials company reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.01). The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $2.02 billion. Barrick Gold Corporation had a return on equity of 7.84% and a net margin of 25.72%. The firm’s revenue for the quarter was down 15.8% compared to the same quarter last year. During the same period last year, the firm earned $0.24 EPS. Equities analysts expect that Barrick Gold Corporation will post $0.75 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Wednesday, November 29th. Barrick Gold Corporation’s dividend payout ratio (DPR) is 6.45%.
About Barrick Gold Corporation
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.
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