Kopernik Global Investors LLC acquired a new position in Barrick Gold Corp (NYSE:ABX) (TSE:ABX) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 3,637,394 shares of the basic materials company’s stock, valued at approximately $52,633,000. Barrick Gold makes up approximately 9.7% of Kopernik Global Investors LLC’s holdings, making the stock its 3rd biggest position.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ABX. Assenagon Asset Management S.A. increased its holdings in Barrick Gold by 2,758.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,858,553 shares of the basic materials company’s stock worth $41,363,000 after buying an additional 2,758,553 shares in the last quarter. Marathon Asset Management LLP bought a new stake in Barrick Gold in the 3rd quarter worth about $43,138,000. Flossbach Von Storch AG increased its holdings in Barrick Gold by 8.1% in the 3rd quarter. Flossbach Von Storch AG now owns 28,677,838 shares of the basic materials company’s stock worth $461,427,000 after buying an additional 2,148,150 shares in the last quarter. Investec Asset Management LTD increased its holdings in Barrick Gold by 87.6% in the 3rd quarter. Investec Asset Management LTD now owns 2,887,282 shares of the basic materials company’s stock worth $46,441,000 after buying an additional 1,348,096 shares in the last quarter. Finally, Shell Asset Management Co. bought a new stake in Barrick Gold in the 4th quarter worth about $15,924,000. Institutional investors own 54.53% of the company’s stock.
Several equities research analysts recently commented on the company. Berenberg Bank reiterated a “hold” rating on shares of Barrick Gold in a report on Tuesday, October 24th. Credit Suisse Group reiterated a “hold” rating and issued a $19.00 price objective on shares of Barrick Gold in a report on Thursday, January 18th. Jefferies Group set a $17.00 price objective on Barrick Gold and gave the stock a “buy” rating in a report on Thursday, February 15th. Zacks Investment Research downgraded Barrick Gold from a “hold” rating to a “sell” rating in a report on Tuesday, January 30th. Finally, BMO Capital Markets set a $15.00 price objective on Barrick Gold and gave the stock a “hold” rating in a report on Wednesday, February 7th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $18.21.
Barrick Gold (NYSE:ABX) (TSE:ABX) last announced its earnings results on Wednesday, February 14th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.02. The business had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.21 billion. Barrick Gold had a return on equity of 7.52% and a net margin of 17.17%. The business’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same period last year, the firm posted $0.22 earnings per share. equities analysts anticipate that Barrick Gold Corp will post 0.91 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be given a $0.03 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $0.12 annualized dividend and a yield of 0.91%. Barrick Gold’s payout ratio is 9.76%.
About Barrick Gold
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.
Want to see what other hedge funds are holding ABX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Barrick Gold Corp (NYSE:ABX) (TSE:ABX).
Receive News & Ratings for Barrick Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barrick Gold and related companies with MarketBeat.com's FREE daily email newsletter.