HRT Financial LLC purchased a new position in Barrick Gold Corp (NYSE:ABX) (TSE:ABX) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 10,090 shares of the basic materials company’s stock, valued at approximately $146,000.
A number of other hedge funds also recently added to or reduced their stakes in ABX. Ameriprise Financial Inc. grew its stake in Barrick Gold by 28.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 58,507 shares of the basic materials company’s stock worth $931,000 after buying an additional 12,852 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Barrick Gold by 10.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 982,975 shares of the basic materials company’s stock worth $15,639,000 after buying an additional 91,913 shares in the last quarter. State Street Corp grew its stake in Barrick Gold by 25.1% in the 2nd quarter. State Street Corp now owns 1,079,473 shares of the basic materials company’s stock worth $17,174,000 after buying an additional 216,869 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Barrick Gold in the 2nd quarter worth approximately $244,000. Finally, Fox Run Management L.L.C. purchased a new position in Barrick Gold in the 3rd quarter worth approximately $462,000. 54.53% of the stock is owned by institutional investors and hedge funds.
Shares of Barrick Gold Corp (NYSE:ABX) opened at $12.22 on Tuesday. Barrick Gold Corp has a 1-year low of $12.11 and a 1-year high of $20.36. The company has a current ratio of 2.68, a quick ratio of 1.60 and a debt-to-equity ratio of 0.58. The company has a market cap of $14,214.06, a price-to-earnings ratio of 16.46, a P/E/G ratio of 6.86 and a beta of -0.35.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $0.12 dividend on an annualized basis and a yield of 0.98%. Barrick Gold’s dividend payout ratio is currently 9.76%.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Barrick Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, January 16th. TD Securities upped their price objective on shares of Barrick Gold from $17.00 to $17.50 and gave the company a “hold” rating in a research note on Friday, January 12th. Royal Bank of Canada set a $21.00 price objective on shares of Barrick Gold and gave the company a “buy” rating in a research note on Monday, October 30th. Credit Suisse Group reaffirmed a “hold” rating and issued a $19.00 price objective on shares of Barrick Gold in a research note on Thursday, January 18th. Finally, BMO Capital Markets set a $16.00 price objective on shares of Barrick Gold and gave the company a “hold” rating in a research note on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $18.08.
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About Barrick Gold
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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