D.A. Davidson & CO. Increases Holdings in Barrick Gold Corporation (ABX)
D.A. Davidson & CO. raised its stake in shares of Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) by 3.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,644 shares of the basic materials company’s stock after buying an additional 500 shares during the period. D.A. Davidson & CO.’s holdings in Barrick Gold Corporation were worth $264,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Advisors Asset Management Inc. lifted its holdings in shares of Barrick Gold Corporation by 116.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 6,588 shares of the basic materials company’s stock valued at $105,000 after buying an additional 3,543 shares during the period. FNY Managed Accounts LLC purchased a new position in shares of Barrick Gold Corporation in the 1st quarter worth $116,000. FNY Partners Fund LP purchased a new position in shares of Barrick Gold Corporation in the 2nd quarter worth $159,000. F&V Capital Management LLC purchased a new position in shares of Barrick Gold Corporation in the 2nd quarter worth $161,000. Finally, Neuberger Berman Group LLC purchased a new position in shares of Barrick Gold Corporation in the 2nd quarter worth $161,000. Institutional investors and hedge funds own 55.66% of the company’s stock.
Several analysts recently commented on the company. Jefferies Group LLC reaffirmed a “buy” rating and issued a $21.00 price objective on shares of Barrick Gold Corporation in a report on Tuesday, July 4th. Royal Bank Of Canada reissued a “buy” rating and issued a $21.00 target price on shares of Barrick Gold Corporation in a report on Tuesday, June 13th. Deutsche Bank AG reissued a “buy” rating and issued a $21.00 target price (down previously from $22.00) on shares of Barrick Gold Corporation in a report on Sunday, June 25th. Citigroup Inc. reissued a “buy” rating on shares of Barrick Gold Corporation in a research report on Wednesday, September 6th. Finally, Credit Suisse Group reissued a “buy” rating and issued a $22.00 target price on shares of Barrick Gold Corporation in a research report on Sunday, September 24th. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $20.51.
Barrick Gold Corporation (NYSE ABX) opened at 16.27 on Wednesday. Barrick Gold Corporation has a 1-year low of $13.81 and a 1-year high of $20.78. The company’s 50 day moving average is $17.04 and its 200-day moving average is $17.07. The stock has a market cap of $18.97 billion, a PE ratio of 8.05 and a beta of -0.34.
Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) last posted its earnings results on Wednesday, July 26th. The basic materials company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.05. Barrick Gold Corporation had a net margin of 26.95% and a return on equity of 8.91%. The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same period in the previous year, the firm earned $0.14 EPS. The business’s quarterly revenue was up 7.4% on a year-over-year basis. Equities research analysts forecast that Barrick Gold Corporation will post $0.74 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 31st were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend was Tuesday, August 29th. Barrick Gold Corporation’s dividend payout ratio (DPR) is presently 5.94%.
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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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