Sicart Associates LLC boosted its stake in shares of Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) by 25.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,415 shares of the basic materials company’s stock after buying an additional 5,850 shares during the period. Sicart Associates LLC’s holdings in Barrick Gold Corporation were worth $452,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Capstone Asset Management Co. raised its position in shares of Barrick Gold Corporation by 2.0% in the first quarter. Capstone Asset Management Co. now owns 72,065 shares of the basic materials company’s stock valued at $1,369,000 after buying an additional 1,420 shares in the last quarter. James Investment Research Inc. raised its position in shares of Barrick Gold Corporation by 1.3% in the first quarter. James Investment Research Inc. now owns 362,283 shares of the basic materials company’s stock valued at $6,880,000 after buying an additional 4,750 shares in the last quarter. Candriam Luxembourg S.C.A. raised its position in shares of Barrick Gold Corporation by 18.6% in the first quarter. Candriam Luxembourg S.C.A. now owns 32,133 shares of the basic materials company’s stock valued at $609,000 after buying an additional 5,030 shares in the last quarter. First Manhattan Co. raised its position in shares of Barrick Gold Corporation by 37.5% in the first quarter. First Manhattan Co. now owns 38,239 shares of the basic materials company’s stock valued at $677,000 after buying an additional 10,430 shares in the last quarter. Finally, Sigma Planning Corp raised its position in shares of Barrick Gold Corporation by 67.5% in the first quarter. Sigma Planning Corp now owns 20,469 shares of the basic materials company’s stock valued at $389,000 after buying an additional 8,251 shares in the last quarter. Hedge funds and other institutional investors own 58.68% of the company’s stock.

Shares of Barrick Gold Corporation (NYSE ABX) opened at 16.64 on Monday. Barrick Gold Corporation has a 52 week low of $13.81 and a 52 week high of $20.78. The stock has a market cap of $19.40 billion, a price-to-earnings ratio of 8.24 and a beta of -0.23. The stock’s 50 day moving average price is $16.35 and its 200-day moving average price is $17.51.

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

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

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ABX has been the topic of several research reports. TD Securities restated a “hold” rating and set a $20.00 price target on shares of Barrick Gold Corporation in a research note on Tuesday, April 25th. Scotiabank reiterated a “sector perform” rating and issued a $22.50 target price on shares of Barrick Gold Corporation in a research note on Tuesday, April 25th. Jefferies Group LLC set a $24.00 target price on Barrick Gold Corporation and gave the company a “buy” rating in a research note on Friday, May 19th. Royal Bank Of Canada reiterated a “buy” rating and issued a $23.00 target price on shares of Barrick Gold Corporation in a research note on Wednesday, May 24th. Finally, Berenberg Bank set a $15.00 target price on Barrick Gold Corporation and gave the company a “sell” rating in a research note on Saturday, May 27th. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average 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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