NGAM Advisors L.P. reduced its stake in Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) by 2.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,947 shares of the basic materials company’s stock after selling 718 shares during the period. NGAM Advisors L.P.’s holdings in Barrick Gold Corporation were worth $413,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. increased its stake in Barrick Gold Corporation by 9.9% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 5,608 shares of the basic materials company’s stock valued at $106,000 after buying an additional 506 shares during the last quarter. FNY Managed Accounts LLC bought a new stake in Barrick Gold Corporation during the first quarter valued at $116,000. Capital Innovations LLC bought a new stake in Barrick Gold Corporation during the first quarter valued at $253,000. F&V Capital Management LLC bought a new stake in Barrick Gold Corporation during the second quarter valued at $161,000. Finally, Almanack Investment Partners LLC. bought a new stake in Barrick Gold Corporation during the first quarter valued at $213,000. 58.68% of the stock is owned by institutional investors and hedge funds.

Shares of Barrick Gold Corporation (NYSE ABX) opened at 16.64 on Friday. The company has a market cap of $19.40 billion, a PE ratio of 8.24 and a beta of -0.23. The firm’s 50-day moving average price is $16.35 and its 200-day moving average price is $17.51. Barrick Gold Corporation has a 12 month low of $13.81 and a 12 month high of $20.78.

Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) last issued its earnings results on Wednesday, July 26th. The basic materials company reported $0.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.05. Barrick Gold Corporation had a return on equity of 8.91% and a net margin of 26.95%. The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the previous year, the company posted $0.14 EPS. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. Equities analysts predict that Barrick Gold Corporation will post $0.73 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.12 annualized dividend and a dividend yield of 0.72%. Barrick Gold Corporation’s dividend payout ratio is currently 5.94%.

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Several research firms recently weighed in on ABX. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Barrick Gold Corporation in a report on Friday. TD Securities reiterated a “hold” rating on shares of Barrick Gold Corporation in a research report on Sunday, May 28th. Jefferies Group LLC set a $20.00 price target on shares of Barrick Gold Corporation and gave the stock a “buy” rating in a research report on Tuesday, August 15th. BidaskClub upgraded shares of Barrick Gold Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 24th. Finally, Zacks Investment Research upgraded shares of Barrick Gold Corporation from a “sell” rating to a “hold” rating in a research report on Friday, July 21st. Ten investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $20.59.

Barrick Gold Corporation 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 Corporation (NYSE:ABX)

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