Trexquant Investment LP cut its position in shares of Barrick Gold Corp (NYSE:ABX) (TSE:ABX) by 64.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,233 shares of the basic materials company’s stock after selling 53,867 shares during the period. Trexquant Investment LP’s holdings in Barrick Gold Corp were worth $481,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the stock. Quadrant Capital Group LLC raised its stake in Barrick Gold Corp by 275.8% in the first quarter. Quadrant Capital Group LLC now owns 5,592 shares of the basic materials company’s stock worth $104,000 after buying an additional 4,104 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in Barrick Gold Corp by 9.9% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 5,608 shares of the basic materials company’s stock worth $106,000 after buying an additional 506 shares during the last quarter. FNY Managed Accounts LLC acquired a new stake in Barrick Gold Corp during the first quarter worth about $116,000. Gemmer Asset Management LLC acquired a new stake in Barrick Gold Corp during the first quarter worth about $155,000. Finally, Capital Innovations LLC acquired a new stake in Barrick Gold Corp during the first quarter worth about $253,000. Institutional investors own 58.68% of the company’s stock.

Barrick Gold Corp (ABX) opened at 17.04 on Monday. The firm’s 50-day moving average is $16.27 and its 200 day moving average is $17.56. The firm has a market capitalization of $19.87 billion, a P/E ratio of 8.44 and a beta of -0.23. Barrick Gold Corp has a 52-week low of $13.81 and a 52-week high of $22.19.

Barrick Gold Corp (NYSE:ABX) (TSE:ABX) last announced its quarterly earnings results on Wednesday, July 26th. The basic materials company reported $0.22 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.05. Barrick Gold Corp had a net margin of 52.64% and a return on equity of 47.71%. The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the prior year, the business earned $0.14 EPS. Barrick Gold Corp’s quarterly revenue was up 7.4% on a year-over-year basis. Equities analysts anticipate that Barrick Gold Corp will post $0.73 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be paid a $0.03 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.12 dividend on an annualized basis and a yield of 0.70%. Barrick Gold Corp’s dividend payout ratio (DPR) is currently 5.94%.

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A number of research firms have recently issued reports on ABX. TD Securities restated a “hold” rating on shares of Barrick Gold Corp in a report on Sunday, May 28th. BidaskClub upgraded Barrick Gold Corp from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Zacks Investment Research upgraded Barrick Gold Corp from a “sell” rating to a “hold” rating in a report on Friday, July 21st. Royal Bank Of Canada restated a “buy” rating and issued a $21.00 target price on shares of Barrick Gold Corp in a report on Tuesday, June 13th. Finally, Barclays PLC restated an “equal weight” rating and issued a $20.00 target price (down previously from $22.00) on shares of Barrick Gold Corp in a report on Thursday, June 1st. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $20.59.

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

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