Dimensional Fund Advisors LP Has $15.64 Million Holdings in Barrick Gold Corporation (ABX)

Dimensional Fund Advisors LP raised its holdings in Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) by 10.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 982,975 shares of the basic materials company’s stock after acquiring an additional 91,913 shares during the period. Dimensional Fund Advisors LP owned 0.08% of Barrick Gold Corporation worth $15,639,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of ABX. Flossbach Von Storch AG raised its holdings in Barrick Gold Corporation by 104.8% in 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 acquiring an additional 13,576,086 shares during the last quarter. Franklin Resources Inc. grew its stake 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 buying an additional 10,291,973 shares during the period. Majedie Asset Management Ltd grew its stake 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 buying an additional 1,360,514 shares during the period. APG Asset Management N.V. grew its stake 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 buying an additional 1,236,360 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Barrick Gold Corporation by 4.5% during the 2nd quarter. Vanguard Group Inc. now owns 27,435,727 shares of the basic materials company’s stock valued at $436,503,000 after buying an additional 1,190,761 shares during the period. Institutional investors own 56.13% of the company’s stock.

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Several analysts have recently issued reports on the stock. Jefferies Group LLC set a $20.00 price objective on shares of Barrick Gold Corporation and gave the company a “buy” rating in a research note on Tuesday, August 15th. Royal Bank Of Canada reissued a “buy” rating and set a $21.00 price objective on shares of Barrick Gold Corporation in a research note on Tuesday, July 18th. Berenberg Bank reissued a “hold” rating on shares of Barrick Gold Corporation in a research note on Tuesday, October 24th. Zacks Investment Research raised shares of Barrick Gold Corporation from a “sell” rating to a “hold” rating in a research note on Friday, July 21st. Finally, BidaskClub raised shares of Barrick Gold Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Thirteen investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Barrick Gold Corporation presently has a consensus rating of “Hold” and a consensus target price of $19.13.

Shares of Barrick Gold Corporation (NYSE:ABX) opened at $13.98 on Friday. The stock has a market cap of $16,297.52, a PE ratio of 18.89, a PEG ratio of 9.32 and a beta of -0.39. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.73 and a quick ratio of 1.56. Barrick Gold Corporation has a 12 month low of $13.80 and a 12 month high of $20.78.

Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) last issued its earnings results on Wednesday, October 25th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). The company had revenue of $1.93 billion during the quarter, compared to analyst estimates of $2.02 billion. Barrick Gold Corporation had a net margin of 25.72% and a return on equity of 7.73%. The business’s revenue for the quarter was down 15.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.24 EPS. sell-side analysts forecast that Barrick Gold Corporation will post 0.75 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be paid a $0.03 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.86%. Barrick Gold Corporation’s dividend payout ratio (DPR) is presently 6.45%.

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.

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

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