Capital International Investors trimmed its holdings in Barrick Gold Corp (NYSE:ABX) (TSE:ABX) by 13.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,531,839 shares of the basic materials company’s stock after selling 828,344 shares during the quarter. Capital International Investors owned about 0.47% of Barrick Gold worth $89,007,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in ABX. State Street Corp raised its stake in Barrick Gold by 4.3% during the 1st quarter. State Street Corp now owns 862,604 shares of the basic materials company’s stock worth $16,381,000 after buying an additional 35,791 shares during the period. Sei Investments Co. increased its holdings in Barrick Gold by 14.5% during the 2nd quarter. Sei Investments Co. now owns 338,218 shares of the basic materials company’s stock worth $5,381,000 after purchasing an additional 42,814 shares in the last quarter. HL Financial Services LLC increased its holdings in Barrick Gold by 2.5% during the 2nd quarter. HL Financial Services LLC now owns 24,840 shares of the basic materials company’s stock worth $395,000 after purchasing an additional 600 shares in the last quarter. Sigma Planning Corp increased its holdings in Barrick Gold by 16.3% during the 2nd quarter. Sigma Planning Corp now owns 23,810 shares of the basic materials company’s stock worth $379,000 after purchasing an additional 3,341 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in Barrick Gold by 116.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 6,588 shares of the basic materials company’s stock worth $105,000 after purchasing an additional 3,543 shares in the last quarter. 55.72% of the stock is currently owned by institutional investors.
ABX has been the subject of a number of recent research reports. TD Securities set a $20.00 price objective on Barrick Gold and gave the stock a “hold” rating in a report on Thursday, October 12th. Jefferies Group set a $20.00 price objective on Barrick Gold and gave the stock a “buy” rating in a report on Thursday, October 19th. Citigroup reissued a “buy” rating on shares of Barrick Gold in a report on Wednesday, September 6th. Royal Bank of Canada set a $21.00 target price on Barrick Gold and gave the company a “buy” rating in a report on Wednesday, August 23rd. Finally, Credit Suisse Group lowered Barrick Gold from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $22.00 to $19.00 in a report on Thursday, October 26th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $18.69.
Barrick Gold (NYSE:ABX) (TSE:ABX) last issued its quarterly earnings data on Wednesday, October 25th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.01). Barrick Gold had a return on equity of 7.73% and a net margin of 25.72%. The business had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter last year, the business posted $0.24 EPS. The company’s quarterly revenue was down 15.8% on a year-over-year basis. analysts expect that Barrick Gold Corp will post 0.76 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be given a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.88%. Barrick Gold’s dividend payout ratio (DPR) is presently 6.45%.
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Barrick Gold 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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