Barrick Gold Corp (ABX) is Ashler Capital LLC’s 3rd Largest Position

Ashler Capital LLC decreased its position in Barrick Gold Corp (NYSE:ABX) (TSE:ABX) by 21.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,366,633 shares of the basic materials company’s stock after selling 3,931,116 shares during the quarter. Barrick Gold makes up approximately 9.0% of Ashler Capital LLC’s portfolio, making the stock its 3rd largest holding. Ashler Capital LLC’s holdings in Barrick Gold were worth $159,182,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in ABX. F&V Capital Management LLC bought a new position in shares of Barrick Gold in the third quarter valued at approximately $111,000. GWM Advisors LLC bought a new position in shares of Barrick Gold in the third quarter valued at approximately $121,000. Lourd Capital LLC bought a new position in shares of Barrick Gold in the third quarter valued at approximately $151,000. First City Capital Management Inc. bought a new position in shares of Barrick Gold in the second quarter valued at approximately $161,000. Finally, HRT Financial LLC bought a new position in shares of Barrick Gold in the second quarter valued at approximately $172,000. 56.73% of the stock is currently owned by institutional investors.

Shares of ABX stock 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 firm has a market cap of $14.89 billion, a P/E ratio of 17.32, a P/E/G ratio of 14.96 and a beta of -0.50. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.42 and a current ratio of 2.65.

Barrick Gold (NYSE:ABX) (TSE:ABX) last announced its earnings results on Wednesday, October 24th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.02. Barrick Gold had a negative net margin of 8.75% and a positive return on equity of 5.38%. The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the previous year, the firm posted $0.16 earnings per share. Barrick Gold’s revenue was down 5.0% compared to the same quarter last year. Analysts predict that Barrick Gold Corp will post 0.43 EPS for the current year.

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

A number of equities analysts have recently commented on the stock. ValuEngine raised shares of Barrick Gold from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st. Royal Bank of Canada boosted their target price on shares of Barrick Gold from $14.00 to $16.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 24th. Macquarie lowered shares of Barrick Gold from an “outperform” rating to a “neutral” rating in a research report on Monday, October 22nd. They noted that the move was a valuation call. UBS Group set a $15.00 target price on shares of Barrick Gold and gave the stock a “hold” rating in a research report on Monday, October 29th. Finally, Raymond James set a $17.00 target price on shares of Barrick Gold and gave the stock a “hold” rating in a research report on Friday, November 9th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus 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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Institutional Ownership by Quarter for Barrick Gold (NYSE:ABX)

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