Quantbot Technologies LP purchased a new position in shares of Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 25,273 shares of the basic materials company’s stock, valued at approximately $406,000.
Several other hedge funds have also bought and sold shares of ABX. State Street Corp raised its stake in shares of Barrick Gold by 4.3% during the first quarter. State Street Corp now owns 862,604 shares of the basic materials company’s stock worth $16,381,000 after acquiring an additional 35,791 shares in the last quarter. Creative Planning raised its stake in shares of Barrick Gold by 25.1% during the second quarter. Creative Planning now owns 21,064 shares of the basic materials company’s stock worth $335,000 after acquiring an additional 4,221 shares in the last quarter. Aperio Group LLC raised its stake in shares of Barrick Gold by 4.2% during the second quarter. Aperio Group LLC now owns 350,211 shares of the basic materials company’s stock worth $5,572,000 after acquiring an additional 14,061 shares in the last quarter. BB&T Corp raised its stake in shares of Barrick Gold by 3.2% during the second quarter. BB&T Corp now owns 15,265 shares of the basic materials company’s stock worth $243,000 after acquiring an additional 468 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of Barrick Gold by 9.6% during the second quarter. Russell Investments Group Ltd. now owns 3,130,201 shares of the basic materials company’s stock worth $49,747,000 after acquiring an additional 274,318 shares in the last quarter. 55.87% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have recently issued reports on the stock. Berenberg Bank restated a “hold” rating on shares of Barrick Gold in a report on Tuesday, October 24th. Jefferies Group LLC set a $20.00 target price on shares of Barrick Gold and gave the stock a “buy” rating in a report on Tuesday, August 15th. BidaskClub upgraded shares of Barrick Gold from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Royal Bank Of Canada set a $21.00 target price on shares of Barrick Gold and gave the stock a “buy” rating in a report on Monday, October 30th. Finally, TD Securities set a $20.00 target price on shares of Barrick Gold and gave the stock a “hold” rating in a report on Thursday, October 12th. Thirteen investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $19.13.
Shares of Barrick Gold Corporation (ABX) opened at $14.10 on Monday. The firm has a market cap of $16,437.41, a price-to-earnings ratio of 19.05, a P/E/G ratio of 9.56 and a beta of -0.39. Barrick Gold Corporation has a fifty-two week low of $13.80 and a fifty-two week high of $20.78. The company has a quick ratio of 1.56, a current ratio of 2.73 and a debt-to-equity ratio of 0.55.
Barrick Gold (NYSE:ABX) (TSE:ABX) last released its quarterly earnings results on Wednesday, October 25th. The basic materials company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.01). The company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $2.02 billion. Barrick Gold had a net margin of 25.72% and a return on equity of 7.73%. The business’s revenue was down 15.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.24 EPS. equities analysts expect that Barrick Gold Corporation will post 0.74 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Wednesday, November 29th. Barrick Gold’s dividend payout ratio (DPR) is currently 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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