Barrick Gold Corp (ABX) Holdings Raised by Axa

Axa boosted its stake in shares of Barrick Gold Corp (NYSE:ABX) (TSE:ABX) by 5.8% in the third quarter, HoldingsChannel.com reports. The firm owned 228,304 shares of the basic materials company’s stock after acquiring an additional 12,463 shares during the period. Axa’s holdings in Barrick Gold were worth $2,530,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in ABX. Ruffer LLP boosted its position in Barrick Gold by 399.8% during the third quarter. Ruffer LLP now owns 17,512,029 shares of the basic materials company’s stock worth $194,118,000 after purchasing an additional 14,008,215 shares during the period. Ashler Capital LLC boosted its position in Barrick Gold by 78.2% during the second quarter. Ashler Capital LLC now owns 18,297,749 shares of the basic materials company’s stock worth $240,249,000 after purchasing an additional 8,030,578 shares during the period. Flossbach Von Storch AG boosted its position in Barrick Gold by 12.2% during the third quarter. Flossbach Von Storch AG now owns 54,318,684 shares of the basic materials company’s stock worth $601,857,000 after purchasing an additional 5,921,550 shares during the period. Toronto Dominion Bank boosted its position in Barrick Gold by 144.4% during the second quarter. Toronto Dominion Bank now owns 7,729,036 shares of the basic materials company’s stock worth $103,335,000 after purchasing an additional 4,567,102 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Barrick Gold by 138.0% during the second quarter. Dimensional Fund Advisors LP now owns 6,285,904 shares of the basic materials company’s stock worth $82,534,000 after purchasing an additional 3,644,976 shares during the period. 56.73% of the stock is owned by hedge funds and other institutional investors.

ABX opened at $12.99 on Tuesday. Barrick Gold Corp has a 1-year low of $9.53 and a 1-year high of $15.52. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.65 and a quick ratio of 1.42. The company has a market capitalization of $14.89 billion, a PE ratio of 17.32, a price-to-earnings-growth ratio of 14.96 and a beta of -0.50.

Barrick Gold (NYSE:ABX) (TSE:ABX) last posted its quarterly earnings data on Wednesday, October 24th. The basic materials company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.02. The company had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Barrick Gold had a positive return on equity of 5.38% and a negative net margin of 8.75%. Barrick Gold’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.16 earnings per share. As a group, sell-side analysts predict that Barrick Gold Corp will post 0.43 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Friday, November 30th will be paid a $0.03 dividend. The ex-dividend date is Thursday, November 29th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.92%. Barrick Gold’s payout ratio is 16.00%.

A number of equities research analysts have issued reports on ABX shares. Deutsche Bank set a $15.00 target price on Barrick Gold and gave the stock a “buy” rating in a research report on Tuesday, October 2nd. JPMorgan Chase & Co. set a $14.00 target price on Barrick Gold and gave the stock a “hold” rating in a research report on Thursday, October 4th. ValuEngine raised Barrick Gold from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st. Jefferies Financial Group cut Barrick Gold from a “buy” rating to a “hold” rating and reduced their price objective for the company from $17.00 to $11.00 in a research report on Monday, August 6th. Finally, Royal Bank of Canada increased their price objective on Barrick Gold from $14.00 to $16.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 24th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the stock. Barrick Gold currently has a consensus rating of “Hold” and an average target price of $14.96.

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Barrick Gold Company Profile

Barrick Gold Corporation engages in the exploration and development of mineral properties. It primarily explores for gold and copper deposits. The company holds a 50% interest in the Veladero mine located in the San Juan Province of Argentina; 50% interest in the KCGM, a gold mine located in Australia; 95% interest in Porgera, a gold mine located in Papua New Guinea; 50% interest in the Zaldívar, a copper mine located in Chile; and 50% interest in the Jabal Sayid, a copper mine located in Saudi Arabia.

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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).

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

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