Fmr LLC Has $102.53 Million Stake in Barrick Gold Corp (ABX)

Fmr LLC lowered its stake in Barrick Gold Corp (NYSE:ABX) (TSE:ABX) by 6.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,805,115 shares of the basic materials company’s stock after selling 544,373 shares during the period. Fmr LLC owned approximately 0.67% of Barrick Gold worth $102,532,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HRT Financial LLC purchased a new position in shares of Barrick Gold during the second quarter valued at approximately $172,000. Nomura Holdings Inc. lifted its holdings in shares of Barrick Gold by 351.6% during the second quarter. Nomura Holdings Inc. now owns 184,254 shares of the basic materials company’s stock valued at $2,420,000 after purchasing an additional 257,484 shares during the last quarter. Global X Management Co LLC lifted its holdings in shares of Barrick Gold by 651.1% during the second quarter. Global X Management Co LLC now owns 449,565 shares of the basic materials company’s stock valued at $5,903,000 after purchasing an additional 389,713 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Barrick Gold by 339.0% during the second quarter. Millennium Management LLC now owns 119,966 shares of the basic materials company’s stock valued at $1,575,000 after purchasing an additional 92,642 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Barrick Gold by 4,895.7% during the second quarter. Tower Research Capital LLC TRC now owns 34,670 shares of the basic materials company’s stock valued at $455,000 after purchasing an additional 33,976 shares during the last quarter. Hedge funds and other institutional investors own 52.08% of the company’s stock.

Several equities analysts have recently issued reports on the stock. ValuEngine upgraded shares of Barrick Gold from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. Royal Bank of Canada lifted their target price on shares of Barrick Gold from $14.00 to $16.00 and gave the company a “sector perform” rating in a report on Wednesday, October 24th. Macquarie lowered shares of Barrick Gold from an “outperform” rating to a “neutral” rating in a 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 company a “hold” rating in a report on Monday, October 29th. Finally, Raymond James reiterated a “market perform” rating and set a $15.00 target price on shares of Barrick Gold in a report on Friday, October 26th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $14.81.

Shares of NYSE ABX opened at $12.91 on Friday. Barrick Gold Corp has a twelve month low of $9.53 and a twelve month high of $15.52. The company has a market capitalization of $15.16 billion, a P/E ratio of 24.96, a PEG ratio of 15.51 and a beta of -0.57. The company has a quick ratio of 1.42, a current ratio of 2.65 and a debt-to-equity ratio of 0.53.

Barrick Gold (NYSE:ABX) (TSE:ABX) last announced its quarterly earnings data on Wednesday, October 24th. The basic materials company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period in the previous year, the business earned $0.16 EPS. The firm’s revenue for the quarter was down 5.0% on a year-over-year basis. Sell-side analysts expect that Barrick Gold Corp will post 0.42 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Friday, November 30th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.12 dividend on an annualized basis and a yield of 0.93%. Barrick Gold’s payout ratio is currently 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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