408,030 Shares in Barrick Gold Corporation (ABX) Acquired by New York State Common Retirement Fund

New York State Common Retirement Fund purchased a new stake in Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 408,030 shares of the basic materials company’s stock, valued at approximately $6,492,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ABX. BlackRock Inc. boosted its stake in Barrick Gold Corporation by 40,554.0% in the 1st quarter. BlackRock Inc. now owns 23,482,163 shares of the basic materials company’s stock valued at $445,925,000 after purchasing an additional 23,424,402 shares during the period. Flossbach Von Storch AG boosted its stake 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 purchasing an additional 13,576,086 shares during the period. Franklin Resources Inc. boosted its stake in Barrick Gold Corporation by 41.7% in 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 period. Majedie Asset Management Ltd boosted its stake in Barrick Gold Corporation by 7.8% in 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 period. Finally, APG Asset Management N.V. boosted its stake in Barrick Gold Corporation by 13.8% in 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 purchasing an additional 1,236,360 shares during the period. Institutional investors and hedge funds own 55.70% of the company’s stock.

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A number of research firms have recently weighed in on ABX. BidaskClub upgraded Barrick Gold Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. TD Securities set a $20.00 target price on Barrick Gold Corporation and gave the company a “hold” rating in a research report on Thursday. Royal Bank Of Canada reiterated a “buy” rating and set a $21.00 target price on shares of Barrick Gold Corporation in a research report on Tuesday, July 18th. Deutsche Bank AG reiterated a “buy” rating and set a $21.00 target price (down from $22.00) on shares of Barrick Gold Corporation in a research report on Sunday, June 25th. Finally, Citigroup Inc. reiterated a “buy” rating on shares of Barrick Gold Corporation in a research report on Wednesday, September 6th. Ten investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Barrick Gold Corporation has an average rating of “Hold” and an average target price of $20.15.

Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) last posted its quarterly earnings results on Wednesday, July 26th. The basic materials company reported $0.22 EPS for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.05. Barrick Gold Corporation had a return on equity of 8.91% and a net margin of 26.95%. The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same period last year, the company earned $0.14 earnings per share. The business’s revenue for the quarter was up 7.4% on a year-over-year basis.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 31st were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend was Tuesday, August 29th. Barrick Gold Corporation’s dividend payout ratio is 5.94%.

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.

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

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