Barrick Gold Corp (ABX) Holdings Cut by Oldfield Partners LLP

Oldfield Partners LLP reduced its position in shares of Barrick Gold Corp (NYSE:ABX) (TSE:ABX) by 0.8% during the 4th quarter, HoldingsChannel reports. The fund owned 7,016,671 shares of the basic materials company’s stock after selling 53,900 shares during the quarter. Barrick Gold accounts for 7.7% of Oldfield Partners LLP’s investment portfolio, making the stock its 5th biggest holding. Oldfield Partners LLP’s holdings in Barrick Gold were worth $101,830,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ABX. Neuberger Berman Group LLC bought a new stake in Barrick Gold during the second quarter worth $161,000. Alliancebernstein L.P. raised its position in Barrick Gold by 11.5% during the second quarter. Alliancebernstein L.P. now owns 718,431 shares of the basic materials company’s stock worth $11,430,000 after acquiring an additional 74,363 shares in the last quarter. Stephens Inc. AR raised its position in Barrick Gold by 29.7% during the second quarter. Stephens Inc. AR now owns 24,955 shares of the basic materials company’s stock worth $397,000 after acquiring an additional 5,712 shares in the last quarter. Seven Eight Capital LP raised its position in Barrick Gold by 149.8% during the second quarter. Seven Eight Capital LP now owns 18,980 shares of the basic materials company’s stock worth $302,000 after acquiring an additional 11,381 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in Barrick Gold by 28.2% during the second quarter. Ameriprise Financial Inc. now owns 58,507 shares of the basic materials company’s stock worth $931,000 after acquiring an additional 12,852 shares in the last quarter. 55.65% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have issued reports on the stock. Zacks Investment Research lowered shares of Barrick Gold from a “buy” rating to a “hold” rating in a research report on Tuesday. Jefferies Group reaffirmed a “buy” rating and set a $20.00 price target on shares of Barrick Gold in a research report on Thursday, September 21st. Royal Bank of Canada set a $21.00 price target on shares of Barrick Gold and gave the stock a “buy” rating in a research report on Monday, October 30th. TD Securities dropped their price target on shares of Barrick Gold from $20.00 to $17.00 and set a “hold” rating on the stock in a research report on Monday, November 6th. Finally, Citigroup lowered shares of Barrick Gold from a “buy” rating to a “sell” rating and set a $13.00 price objective on the stock. in a research report on Thursday, November 30th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $18.48.

Shares of Barrick Gold Corp (NYSE:ABX) traded down $0.36 on Wednesday, hitting $14.84. 8,422,077 shares of the stock traded hands, compared to its average volume of 11,245,870. The company has a market capitalization of $17,420.00, a price-to-earnings ratio of 7.93, a PEG ratio of 8.55 and a beta of -0.42. Barrick Gold Corp has a 52 week low of $13.28 and a 52 week high of $20.78. 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 (NYSE:ABX) (TSE:ABX) last issued its quarterly earnings data on Wednesday, October 25th. The basic materials company reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.01). The company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $2.02 billion. Barrick Gold had a net margin of 25.72% and a return on equity of 7.73%. Barrick Gold’s revenue for the quarter was down 15.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.24 earnings per share. sell-side analysts expect that Barrick Gold Corp will post 0.76 EPS for the current year.

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Barrick Gold Company Profile

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 (NYSE:ABX)

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