Brown Advisory Inc. boosted its position in shares of Barrick Gold Corp. (NYSE:ABX) by 116.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 46,198 shares of the company’s stock after buying an additional 24,825 shares during the period. Brown Advisory Inc.’s holdings in Barrick Gold Corp. were worth $986,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the stock. Capstone Asset Management Co. raised its stake in shares of Barrick Gold Corp. by 15.5% in the first quarter. Capstone Asset Management Co. now owns 128,505 shares of the company’s stock worth $1,745,000 after buying an additional 17,250 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Barrick Gold Corp. during the first quarter worth about $2,408,000. OLD National Bancorp IN raised its stake in shares of Barrick Gold Corp. by 52.8% in the first quarter. OLD National Bancorp IN now owns 26,025 shares of the company’s stock worth $353,000 after buying an additional 8,992 shares in the last quarter. Sii Investments Inc. WI raised its stake in shares of Barrick Gold Corp. by 4.7% in the first quarter. Sii Investments Inc. WI now owns 26,680 shares of the company’s stock worth $361,000 after buying an additional 1,205 shares in the last quarter. Finally, Aperio Group LLC raised its stake in shares of Barrick Gold Corp. by 2.7% in the first quarter. Aperio Group LLC now owns 329,620 shares of the company’s stock worth $4,476,000 after buying an additional 8,726 shares in the last quarter. 60.11% of the stock is owned by hedge funds and other institutional investors.
Shares of Barrick Gold Corp. (NYSE:ABX) traded down 0.17% during trading on Wednesday, hitting $17.57. 2,307,291 shares of the stock were exchanged. The stock’s 50 day moving average price is $18.93 and its 200 day moving average price is $18.45. Barrick Gold Corp. has a one year low of $6.04 and a one year high of $23.47. The stock’s market cap is $20.47 billion.
Barrick Gold Corp. (NYSE:ABX) last issued its earnings results on Wednesday, July 27th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by $0.01. Barrick Gold Corp. had a positive return on equity of 4.95% and a negative net margin of 33.33%. The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter in the previous year, the firm posted ($0.01) EPS. The firm’s revenue for the quarter was down 9.8% compared to the same quarter last year. Equities research analysts predict that Barrick Gold Corp. will post $0.69 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st were issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date was Monday, August 29th. Barrick Gold Corp.’s payout ratio is currently -3.29%.
A number of equities research analysts recently issued reports on ABX shares. Vetr lowered shares of Barrick Gold Corp. from a “buy” rating to a “sell” rating and set a $18.35 price objective for the company. in a report on Monday, June 6th. Goldman Sachs Group Inc. upped their price objective on shares of Barrick Gold Corp. from $22.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, June 8th. Mackie lowered shares of Barrick Gold Corp. from a “hold” rating to a “sell” rating in a report on Monday, June 20th. Credit Suisse Group AG reissued a “buy” rating and issued a $17.00 price objective on shares of Barrick Gold Corp. in a report on Wednesday, June 29th. Finally, Zacks Investment Research raised shares of Barrick Gold Corp. from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Tuesday, July 12th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $21.29.
About Barrick Gold Corp.
Barrick Gold Corporation (Barrick) is engaged in the production and sale of gold, as well as related activities, such as exploration and mine development. The Company produces copper, principally from its Zaldivar joint venture and Lumwana mine, and holds other interests. Barricks’ segments include Cortez, Goldstrike, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Porgera, Kalgoorlie, Acacia Mining plc, Lumwana, Zaldivar and Pascua-Lama Project.
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