Franklin Resources Inc. boosted its stake in Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) by 41.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 34,981,711 shares of the basic materials company’s stock after buying an additional 10,291,973 shares during the period. Franklin Resources Inc. owned approximately 3.00% of Barrick Gold Corporation worth $556,558,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Highland Capital Management LLC grew its stake in Barrick Gold Corporation by 0.3% in the 2nd quarter. Highland Capital Management LLC now owns 47,758 shares of the basic materials company’s stock valued at $760,000 after buying an additional 130 shares during the last quarter. M&T Bank Corp grew its stake in Barrick Gold Corporation by 0.4% in the 1st quarter. M&T Bank Corp now owns 44,573 shares of the basic materials company’s stock valued at $848,000 after buying an additional 158 shares during the last quarter. BB&T Securities LLC grew its stake in Barrick Gold Corporation by 1.0% in the 2nd quarter. BB&T Securities LLC now owns 21,114 shares of the basic materials company’s stock valued at $335,000 after buying an additional 213 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Barrick Gold Corporation by 0.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 47,015 shares of the basic materials company’s stock valued at $893,000 after buying an additional 328 shares during the last quarter. Finally, Bennicas & Associates Inc. grew its stake in Barrick Gold Corporation by 1.6% in the 2nd quarter. Bennicas & Associates Inc. now owns 24,850 shares of the basic materials company’s stock valued at $395,000 after buying an additional 400 shares during the last quarter. Institutional investors and hedge funds own 55.65% of the company’s stock.

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A number of analysts have issued reports on the stock. Citigroup Inc. reissued a “buy” rating on shares of Barrick Gold Corporation in a report on Wednesday. TD Securities reissued a “hold” rating on shares of Barrick Gold Corporation in a report on Sunday, May 28th. Jefferies Group LLC set a $20.00 price objective on shares of Barrick Gold Corporation and gave the company a “buy” rating in a report on Tuesday, August 15th. BMO Capital Markets set a $18.00 price objective on shares of Barrick Gold Corporation and gave the company a “hold” rating in a report on Wednesday, August 23rd. Finally, BidaskClub raised shares of Barrick Gold Corporation from a “sell” rating to a “hold” rating in a report on Saturday, June 24th. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $20.59.

Shares of Barrick Gold Corporation (ABX) traded up 1.34% during mid-day trading on Thursday, hitting $18.09. 2,535,794 shares of the stock were exchanged. Barrick Gold Corporation has a 52 week low of $13.81 and a 52 week high of $20.78. The stock has a market capitalization of $21.09 billion, a price-to-earnings ratio of 8.96 and a beta of -0.29. The stock’s 50-day moving average is $16.93 and its 200-day moving average is $17.33.

Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) last announced its quarterly earnings data on Wednesday, July 26th. The basic materials company reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.05. The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.03 billion. Barrick Gold Corporation had a net margin of 26.95% and a return on equity of 8.91%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.14 EPS. Analysts forecast that Barrick Gold Corporation will post $0.74 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be issued 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 dividend yield of 0.67%. Barrick Gold Corporation’s payout ratio is 5.94%.

About Barrick Gold Corporation

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.

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

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