Barrick Gold Corp (ABX) Holdings Cut by Shell Asset Management Co.

Shell Asset Management Co. cut its holdings in Barrick Gold Corp (NYSE:ABX) (TSE:ABX) by 1.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 955,824 shares of the basic materials company’s stock after selling 15,500 shares during the quarter. Shell Asset Management Co.’s holdings in Barrick Gold were worth $10,567,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Stevens Capital Management LP acquired a new position in shares of Barrick Gold during the second quarter worth approximately $1,582,000. BlueMountain Capital Management LLC acquired a new position in shares of Barrick Gold during the second quarter worth approximately $790,000. Ronna Sue Cohen purchased a new stake in Barrick Gold in the 3rd quarter valued at $222,000. Nomura Holdings Inc. raised its position in Barrick Gold by 351.6% in the 2nd quarter. Nomura Holdings Inc. now owns 184,254 shares of the basic materials company’s stock valued at $2,420,000 after buying an additional 257,484 shares during the last quarter. Finally, Greenline Partners LLC raised its position in Barrick Gold by 2.6% in the 3rd quarter. Greenline Partners LLC now owns 568,519 shares of the basic materials company’s stock valued at $6,319,000 after buying an additional 14,140 shares during the last quarter. 56.44% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts recently commented on the company. Raymond James reissued a “market perform” rating and issued a $15.00 price target on shares of Barrick Gold in a research report on Friday, October 26th. JPMorgan Chase & Co. lowered their price target on Barrick Gold from $15.50 to $13.00 and set a “neutral” rating for the company in a research report on Monday, September 17th. UBS Group set a $15.00 price target on Barrick Gold and gave the company a “hold” rating in a research report on Monday, October 29th. Jefferies Financial Group lowered Barrick Gold from a “buy” rating to a “hold” rating and lowered their price target for the company from $17.00 to $11.00 in a research report on Monday, August 6th. Finally, Citigroup raised Barrick Gold from a “neutral” rating to a “buy” rating and set a $14.00 price target for the company in a research report on Tuesday, September 25th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the company. Barrick Gold has a consensus rating of “Hold” and an average target price of $14.96.

NYSE:ABX opened at $13.24 on Monday. Barrick Gold Corp has a 52-week low of $9.53 and a 52-week 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 stock has a market cap of $15.28 billion, a price-to-earnings ratio of 17.65, a P/E/G ratio of 15.35 and a beta of -0.57.

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

The business also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Friday, November 30th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.91%. The ex-dividend date is Thursday, November 29th. Barrick Gold’s dividend payout ratio is presently 16.00%.

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Barrick Gold 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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