Comerica Bank trimmed its stake in Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) by 3.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 133,343 shares of the basic materials company’s stock after selling 5,300 shares during the period. Comerica Bank’s holdings in Barrick Gold Corporation were worth $2,057,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Rothschild Investment Corp IL lifted its stake in shares of Barrick Gold Corporation by 148.6% in the 2nd quarter. Rothschild Investment Corp IL now owns 49,775 shares of the basic materials company’s stock valued at $792,000 after purchasing an additional 29,750 shares during the last quarter. Arlington Capital Management Inc. lifted its stake in shares of Barrick Gold Corporation by 4.4% in the 1st quarter. Arlington Capital Management Inc. now owns 850,132 shares of the basic materials company’s stock valued at $16,144,000 after purchasing an additional 35,481 shares during the last quarter. Morgan Stanley lifted its stake in shares of Barrick Gold Corporation by 40.9% in the 1st quarter. Morgan Stanley now owns 3,754,302 shares of the basic materials company’s stock valued at $71,294,000 after purchasing an additional 1,090,729 shares during the last quarter. Ruffer LLP lifted its stake in shares of Barrick Gold Corporation by 17.2% in the 1st quarter. Ruffer LLP now owns 784,554 shares of the basic materials company’s stock valued at $15,270,000 after purchasing an additional 115,229 shares during the last quarter. Finally, Gateway Investment Advisers LLC lifted its stake in shares of Barrick Gold Corporation by 23.1% in the 2nd quarter. Gateway Investment Advisers LLC now owns 24,888 shares of the basic materials company’s stock valued at $396,000 after purchasing an additional 4,675 shares during the last quarter. 55.65% of the stock is owned by institutional investors and hedge funds.

Barrick Gold Corporation (ABX) opened at 17.81 on Friday. The firm’s 50-day moving average price is $17.03 and its 200 day moving average price is $17.34. Barrick Gold Corporation has a 12-month low of $13.81 and a 12-month high of $20.78. The stock has a market capitalization of $20.77 billion, a P/E ratio of 8.82 and a beta of -0.29.

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 (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.05. The business had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.03 billion. Barrick Gold Corporation had a return on equity of 8.91% and a net margin of 26.95%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the firm earned $0.14 earnings per share. On average, equities analysts anticipate that Barrick Gold Corporation will post $0.74 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.67%. The ex-dividend date is Tuesday, August 29th. Barrick Gold Corporation’s payout ratio is 5.94%.

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ABX has been the subject of a number of research analyst reports. Jefferies Group LLC set a $24.00 price target on Barrick Gold Corporation and gave the stock a “buy” rating in a research note on Friday, May 19th. Royal Bank Of Canada reissued a “buy” rating and set a $23.00 price target on shares of Barrick Gold Corporation in a research note on Wednesday, May 24th. Berenberg Bank set a $15.00 price target on Barrick Gold Corporation and gave the stock a “sell” rating in a research note on Saturday, May 27th. TD Securities reissued a “hold” rating on shares of Barrick Gold Corporation in a research note on Sunday, May 28th. Finally, Barclays PLC reissued an “equal weight” rating and set a $20.00 price target (down from $22.00) on shares of Barrick Gold Corporation in a research note on Thursday, June 1st. Ten investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price 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.

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

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