Fox Run Management L.L.C. Buys Shares of 28,700 Barrick Gold Corporation (ABX)

Fox Run Management L.L.C. bought a new position in Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 28,700 shares of the basic materials company’s stock, valued at approximately $462,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Oxbow Advisors LLC increased its stake in Barrick Gold Corporation by 11.8% in the third quarter. Oxbow Advisors LLC now owns 106,815 shares of the basic materials company’s stock worth $1,719,000 after purchasing an additional 11,286 shares during the period. River & Mercantile Asset Management LLP increased its stake in Barrick Gold Corporation by 100.0% in the third quarter. River & Mercantile Asset Management LLP now owns 240,000 shares of the basic materials company’s stock worth $3,852,000 after purchasing an additional 120,000 shares during the period. Strs Ohio increased its stake in Barrick Gold Corporation by 3.4% in the third quarter. Strs Ohio now owns 1,297,500 shares of the basic materials company’s stock worth $20,875,000 after purchasing an additional 42,500 shares during the period. Sanders Morris Harris LLC increased its stake in Barrick Gold Corporation by 9.7% in the third quarter. Sanders Morris Harris LLC now owns 214,000 shares of the basic materials company’s stock worth $3,444,000 after purchasing an additional 19,000 shares during the period. Finally, Butensky & Cohen Financial Security Inc. increased its stake in Barrick Gold Corporation by 7.0% in the third quarter. Butensky & Cohen Financial Security Inc. now owns 66,222 shares of the basic materials company’s stock worth $1,066,000 after purchasing an additional 4,335 shares during the period. Institutional investors and hedge funds own 56.18% of the company’s stock.

A number of analysts have weighed in on ABX shares. Royal Bank Of Canada reiterated an “outperform” rating on shares of Barrick Gold Corporation in a research note on Friday, August 18th. Jefferies Group LLC set a $20.00 target price on Barrick Gold Corporation and gave the stock a “buy” rating in a research note on Thursday, October 19th. Credit Suisse Group reiterated a “buy” rating and issued a $22.00 target price on shares of Barrick Gold Corporation in a research note on Sunday, September 24th. Citigroup Inc. reiterated a “buy” rating on shares of Barrick Gold Corporation in a research note on Wednesday, September 6th. Finally, BMO Capital Markets set a $18.00 target price on Barrick Gold Corporation and gave the stock a “hold” rating in a research note on Wednesday, August 23rd. Twelve equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $19.80.

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Barrick Gold Corporation (ABX) opened at 14.69 on Tuesday. The stock has a market cap of $17.13 billion, a price-to-earnings ratio of 7.27 and a beta of -0.33. Barrick Gold Corporation has a 1-year low of $13.81 and a 1-year high of $20.78. The firm has a 50-day moving average price of $16.35 and a 200 day moving average price of $16.62.

Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) last issued 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). Barrick Gold Corporation had a return on equity of 7.84% and a net margin of 25.72%. The company had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter last year, the company earned $0.24 EPS. Barrick Gold Corporation’s revenue for the quarter was down 15.8% compared to the same quarter last year. On average, equities research analysts anticipate that Barrick Gold Corporation will post $0.76 EPS for the current fiscal 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 issued a dividend of $0.03 per share. The ex-dividend date is Wednesday, November 29th. This represents a $0.12 annualized dividend and a yield of 0.82%. Barrick Gold Corporation’s dividend payout ratio (DPR) is 6.45%.

Barrick Gold Corporation Company 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.

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

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