Fmr LLC cut its stake in shares of Barrick Gold Corp (NYSE:ABX) (TSE:ABX) by 6.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,805,115 shares of the basic materials company’s stock after selling 544,373 shares during the period. Fmr LLC’s holdings in Barrick Gold were worth $102,532,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in ABX. Flossbach Von Storch AG grew its position in shares of Barrick Gold by 13.8% during the 2nd quarter. Flossbach Von Storch AG now owns 48,397,134 shares of the basic materials company’s stock valued at $635,457,000 after acquiring an additional 5,873,410 shares during the period. Ashler Capital LLC grew its position in shares of Barrick Gold by 78.2% during the 2nd quarter. Ashler Capital LLC now owns 18,297,749 shares of the basic materials company’s stock valued at $240,249,000 after acquiring an additional 8,030,578 shares during the period. Jupiter Asset Management Ltd. grew its position in shares of Barrick Gold by 22.0% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 7,831,133 shares of the basic materials company’s stock valued at $102,823,000 after acquiring an additional 1,412,000 shares during the period. Toronto Dominion Bank grew its position in shares of Barrick Gold by 144.4% during the 2nd quarter. Toronto Dominion Bank now owns 7,729,036 shares of the basic materials company’s stock valued at $103,335,000 after acquiring an additional 4,567,102 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Barrick Gold by 138.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,285,904 shares of the basic materials company’s stock valued at $82,534,000 after acquiring an additional 3,644,976 shares during the period. Institutional investors and hedge funds own 52.08% of the company’s stock.

A number of brokerages have recently issued reports on ABX. ValuEngine raised shares of Barrick Gold from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st. TD Securities boosted their price objective on shares of Barrick Gold from $15.00 to $15.50 and gave the company a “buy” rating in a research report on Wednesday, October 31st. Raymond James reissued a “market perform” rating and set a $15.00 price objective on shares of Barrick Gold in a research report on Friday, October 26th. BMO Capital Markets set a $13.00 target price on shares of Barrick Gold and gave the stock a “hold” rating in a report on Wednesday, October 10th. Finally, UBS Group set a $15.00 target price on shares of Barrick Gold and gave the stock a “hold” rating in a report on Monday, October 29th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $14.81.

Shares of Barrick Gold stock opened at $12.91 on Friday. The firm has a market capitalization of $15.16 billion, a P/E ratio of 24.96, a PEG ratio of 15.51 and a beta of -0.57. The company has a quick ratio of 1.42, a current ratio of 2.65 and a debt-to-equity ratio of 0.53. Barrick Gold Corp has a fifty-two week low of $9.53 and a fifty-two week high of $15.52.

Barrick Gold (NYSE:ABX) (TSE:ABX) last issued its earnings results on Wednesday, October 24th. The basic materials company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.02. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.80 billion. Barrick Gold had a negative net margin of 8.75% and a positive return on equity of 5.38%. Barrick Gold’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.16 EPS. On average, sell-side analysts forecast that Barrick Gold Corp will post 0.42 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Friday, November 30th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.93%. The ex-dividend date is Thursday, November 29th. Barrick Gold’s dividend payout ratio is currently 16.00%.

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About Barrick Gold

Barrick Gold Corporation engages in the exploration and development of mineral properties. It primarily explores for gold and copper deposits. The company holds a 50% interest in the Veladero mine located in the San Juan Province of Argentina; 50% interest in the KCGM, a gold mine located in Australia; 95% interest in Porgera, a gold mine located in Papua New Guinea; 50% interest in the Zaldívar, a copper mine located in Chile; and 50% interest in the Jabal Sayid, a copper mine located in Saudi Arabia.

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

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