OxFORD Asset Management LLP lowered its holdings in shares of Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) by 81.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,775 shares of the basic materials company’s stock after selling 188,465 shares during the quarter. OxFORD Asset Management LLP’s holdings in Barrick Gold Corporation were worth $665,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ABX. BlackRock Inc. increased its position in shares of Barrick Gold Corporation by 40,554.0% during the 1st quarter. BlackRock Inc. now owns 23,482,163 shares of the basic materials company’s stock valued at $445,925,000 after purchasing an additional 23,424,402 shares during the last quarter. Flossbach Von Storch AG increased its position in shares of Barrick Gold Corporation by 104.8% during the 2nd quarter. Flossbach Von Storch AG now owns 26,529,688 shares of the basic materials company’s stock valued at $422,088,000 after purchasing an additional 13,576,086 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Barrick Gold Corporation by 41.7% during the 2nd quarter. Franklin Resources Inc. now owns 34,981,711 shares of the basic materials company’s stock valued at $556,558,000 after purchasing an additional 10,291,973 shares during the last quarter. Majedie Asset Management Ltd increased its position in shares of Barrick Gold Corporation by 7.8% during the 2nd quarter. Majedie Asset Management Ltd now owns 18,856,140 shares of the basic materials company’s stock valued at $300,001,000 after purchasing an additional 1,360,514 shares during the last quarter. Finally, APG Asset Management N.V. increased its position in shares of Barrick Gold Corporation by 13.8% during the 2nd quarter. APG Asset Management N.V. now owns 10,218,045 shares of the basic materials company’s stock valued at $210,798,000 after purchasing an additional 1,236,360 shares during the last quarter. 55.68% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently commented on ABX shares. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Barrick Gold Corporation in a research report on Friday, August 18th. Credit Suisse Group reaffirmed a “buy” rating and set a $22.00 price target on shares of Barrick Gold Corporation in a research report on Sunday, September 24th. BidaskClub lowered shares of Barrick Gold Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, July 1st. Deutsche Bank AG reaffirmed a “buy” rating and set a $21.00 price target (down previously from $22.00) on shares of Barrick Gold Corporation in a research report on Sunday, June 25th. Finally, Zacks Investment Research lowered shares of Barrick Gold Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Ten equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $20.15.

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Barrick Gold Corporation (NYSE:ABX) opened at 16.24 on Tuesday. The company has a market capitalization of $18.94 billion, a P/E ratio of 8.04 and a beta of -0.33. Barrick Gold Corporation has a 52-week low of $13.81 and a 52-week high of $20.78. The stock’s 50 day moving average price is $16.98 and its 200-day moving average price is $16.92.

Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) last issued its quarterly 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 firm had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the previous year, the business earned $0.14 earnings per share. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. Analysts predict that Barrick Gold Corporation will post $0.75 earnings per share for the current fiscal year.

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.

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

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