Huntington National Bank continued to hold its position in Barrick Gold Corp. (NYSE:ABX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,889 shares of the company’s stock at the end of the second quarter. Huntington National Bank’s holdings in Barrick Gold Corp. were worth $109,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Orbis Allan Gray Ltd purchased a new position in Barrick Gold Corp. during the first quarter valued at about $414,288,000. Renaissance Technologies LLC increased its position in Barrick Gold Corp. by 3.1% in the first quarter. Renaissance Technologies LLC now owns 26,496,502 shares of the company’s stock valued at $359,823,000 after buying an additional 789,976 shares during the last quarter. CIBC World Markets Inc. increased its position in Barrick Gold Corp. by 2.3% in the second quarter. CIBC World Markets Inc. now owns 16,017,344 shares of the company’s stock valued at $341,970,000 after buying an additional 355,890 shares during the last quarter. Adage Capital Partners GP L.L.C. increased its position in Barrick Gold Corp. by 41.3% in the first quarter. Adage Capital Partners GP L.L.C. now owns 15,543,967 shares of the company’s stock valued at $211,087,000 after buying an additional 4,543,967 shares during the last quarter. Finally, Prudential PLC raised its stake in Barrick Gold Corp. by 235.2% in the first quarter. Prudential PLC now owns 5,009,788 shares of the company’s stock valued at $68,033,000 after buying an additional 3,515,100 shares during the last quarter. 60.11% of the stock is currently owned by hedge funds and other institutional investors.
Barrick Gold Corp. (NYSE:ABX) traded up 0.58% during mid-day trading on Friday, reaching $15.73. 22,006,523 shares of the company traded hands. Barrick Gold Corp. has a 52-week low of $6.90 and a 52-week high of $23.47. The stock has a 50-day moving average of $17.85 and a 200 day moving average of $18.52. The stock’s market capitalization is $18.33 billion.
Barrick Gold Corp. (NYSE:ABX) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by $0.01. The company had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.02 billion. Barrick Gold Corp. had a positive return on equity of 4.95% and a negative net margin of 33.33%. The firm’s quarterly revenue was down 9.8% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.01) EPS. Equities research analysts expect that Barrick Gold Corp. will post $0.69 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors 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 yield of 0.51%. The ex-dividend date was Monday, August 29th. Barrick Gold Corp.’s dividend payout ratio is currently -3.29%.
ABX has been the topic of several recent research reports. Vetr raised shares of Barrick Gold Corp. from a “buy” rating to a “strong-buy” rating and set a $24.15 price target on the stock in a report on Monday, August 22nd. Deutsche Bank AG raised shares of Barrick Gold Corp. from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a report on Monday, October 3rd. Berenberg Bank initiated coverage on shares of Barrick Gold Corp. in a report on Wednesday, September 7th. They issued a “sell” rating and a $15.20 price target on the stock. TD Securities reissued a “buy” rating and set a $26.00 target price on shares of Barrick Gold Corp. in a research note on Monday, July 25th. Finally, Credit Suisse Group AG reissued a “buy” rating and set a $17.00 target price on shares of Barrick Gold Corp. in a research note on Wednesday, June 29th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Barrick Gold Corp. currently has an average rating of “Buy” and a consensus price target of $21.29.
Barrick Gold Corp. Company Profile
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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