Barrick Gold Corporation (ABX) Holdings Increased by First Eagle Investment Management LLC

First Eagle Investment Management LLC raised its holdings in shares of Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) by 1.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 35,354,891 shares of the basic materials company’s stock after purchasing an additional 546,654 shares during the period. Barrick Gold Corporation makes up about 1.3% of First Eagle Investment Management LLC’s investment portfolio, making the stock its 26th largest holding. First Eagle Investment Management LLC owned 3.03% of Barrick Gold Corporation worth $568,860,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Franklin Resources Inc. boosted its stake in 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. Vanguard Group Inc. boosted its stake in 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 purchasing an additional 1,190,761 shares during the last quarter. Flossbach Von Storch AG boosted its stake in 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. Majedie Asset Management Ltd boosted its stake in 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, TD Asset Management Inc. boosted its stake in shares of Barrick Gold Corporation by 3.9% in the 2nd quarter. TD Asset Management Inc. now owns 10,689,426 shares of the basic materials company’s stock worth $169,803,000 after buying an additional 397,892 shares during the last quarter. Institutional investors and hedge funds own 56.22% of the company’s stock.

A number of equities analysts have recently issued reports on the company. UBS AG dropped their price target on Barrick Gold Corporation from $18.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, November 3rd. TD Securities dropped their price target on Barrick Gold Corporation from $20.00 to $17.00 and set a “hold” rating on the stock in a research note on Monday, November 6th. Jefferies Group LLC set a $20.00 target price on Barrick Gold Corporation and gave the company a “buy” rating in a research report on Tuesday, August 15th. Credit Suisse Group downgraded Barrick Gold Corporation from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $22.00 to $19.00 in a research report on Thursday, October 26th. Finally, BMO Capital Markets set a $18.00 target price on Barrick Gold Corporation and gave the company a “hold” rating in a research report on Wednesday, August 23rd. Thirteen investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $19.13.

COPYRIGHT VIOLATION WARNING: “Barrick Gold Corporation (ABX) Holdings Increased by First Eagle Investment Management LLC” was reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this story on another site, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this story can be read at https://www.chaffeybreeze.com/2017/11/13/barrick-gold-corporation-abx-holdings-increased-by-first-eagle-investment-management-llc.html.

Shares of Barrick Gold Corporation (ABX) traded up $0.01 during trading hours on Monday, reaching $13.99. 1,679,696 shares of the company were exchanged, compared to its average volume of 12,445,591. The company has a market capitalization of $16,330.00, a P/E ratio of 18.89, a price-to-earnings-growth ratio of 9.32 and a beta of -0.39. Barrick Gold Corporation has a 52 week low of $13.80 and a 52 week high of $20.78. The company has a quick ratio of 1.56, a current ratio of 2.73 and a debt-to-equity ratio of 0.55.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.86%. The ex-dividend date is Wednesday, November 29th. Barrick Gold Corporation’s payout ratio is 6.42%.

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.

Want to see what other hedge funds are holding ABX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Barrick Gold Corporation (NYSE:ABX) (TSE:ABX).

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

Receive News & Ratings for Barrick Gold Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barrick Gold Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply