GSA Capital Partners LLP Has $1.03 Million Holdings in Barrick Gold Corp (ABX)

GSA Capital Partners LLP raised its stake in Barrick Gold Corp (NYSE:ABX) (TSE:ABX) by 125.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 64,241 shares of the basic materials company’s stock after purchasing an additional 35,715 shares during the period. GSA Capital Partners LLP’s holdings in Barrick Gold were worth $1,034,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Advisors Asset Management Inc. grew its stake in Barrick Gold by 116.4% in the second quarter. Advisors Asset Management Inc. now owns 6,588 shares of the basic materials company’s stock valued at $105,000 after purchasing an additional 3,543 shares during the last quarter. FNY Partners Fund LP purchased a new stake in shares of Barrick Gold during the second quarter worth about $159,000. Neuberger Berman Group LLC purchased a new stake in shares of Barrick Gold during the second quarter worth about $161,000. ETRADE Capital Management LLC purchased a new stake in shares of Barrick Gold during the second quarter worth about $180,000. Finally, Boothbay Fund Management LLC purchased a new stake in shares of Barrick Gold during the third quarter worth about $187,000. Institutional investors own 55.67% of the company’s stock.

Shares of Barrick Gold Corp (ABX) opened at $14.47 on Monday. The company has a current ratio of 2.73, a quick ratio of 1.56 and a debt-to-equity ratio of 0.55. Barrick Gold Corp has a twelve month low of $13.28 and a twelve month high of $20.78. The company has a market capitalization of $16,829.17, a PE ratio of 7.78, a P/E/G ratio of 9.56 and a beta of -0.42.

Barrick Gold (NYSE:ABX) (TSE:ABX) last released its earnings results on Wednesday, October 25th. The basic materials company reported $0.16 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 firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same period last year, the firm earned $0.24 EPS. The company’s revenue for the quarter was down 15.8% compared to the same quarter last year. analysts expect that Barrick Gold Corp will post 0.75 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Thursday, November 30th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend was Wednesday, November 29th. Barrick Gold’s dividend payout ratio (DPR) is 6.45%.

A number of equities research analysts have recently weighed in on ABX shares. Citigroup restated a “buy” rating on shares of Barrick Gold in a research note on Wednesday, September 6th. Royal Bank of Canada restated an “outperform” rating on shares of Barrick Gold in a research note on Thursday, September 7th. Jefferies Group restated a “buy” rating and set a $20.00 price target on shares of Barrick Gold in a research note on Thursday, September 21st. Credit Suisse Group restated a “buy” rating and set a $22.00 price target on shares of Barrick Gold in a research note on Sunday, September 24th. Finally, TD Securities set a $20.00 price target on Barrick Gold and gave the stock a “hold” rating in a research note on Thursday, October 12th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the company’s stock. Barrick Gold has a consensus rating of “Hold” and a consensus target price of $18.55.

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

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