Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lessened its position in shares of Barrick Gold Corp (NYSE:ABX) (TSE:ABX) by 25.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,829,100 shares of the basic materials company’s stock after selling 1,334,700 shares during the quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp owned 0.33% of Barrick Gold worth $61,457,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of ABX. Candriam Luxembourg S.C.A. grew its stake in Barrick Gold by 322.5% during the 4th quarter. Candriam Luxembourg S.C.A. now owns 87,282 shares of the basic materials company’s stock valued at $1,266,000 after purchasing an additional 66,622 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Barrick Gold by 5.6% in the fourth quarter. Bank of New York Mellon Corp now owns 7,560,535 shares of the basic materials company’s stock worth $109,401,000 after buying an additional 400,097 shares during the last quarter. Schroder Investment Management Group boosted its stake in shares of Barrick Gold by 37.8% in the fourth quarter. Schroder Investment Management Group now owns 710,727 shares of the basic materials company’s stock worth $10,284,000 after buying an additional 194,910 shares during the last quarter. Uncommon Cents Investing LLC purchased a new stake in shares of Barrick Gold in the fourth quarter worth about $1,374,000. Finally, Brave Asset Management Inc. purchased a new stake in shares of Barrick Gold in the fourth quarter worth about $290,000. Institutional investors and hedge funds own 53.10% of the company’s stock.
Get Barrick Gold alerts:
A number of analysts have recently commented on the company. Morgan Stanley downgraded Barrick Gold from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $14.00 to $12.00 in a research note on Tuesday, June 12th. ValuEngine downgraded Barrick Gold from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Zacks Investment Research upgraded Barrick Gold from a “strong sell” rating to a “hold” rating in a research note on Monday, April 23rd. Canaccord Genuity downgraded Barrick Gold from a “buy” rating to a “hold” rating in a research note on Monday, April 23rd. Finally, Credit Suisse Group set a $19.00 target price on Barrick Gold and gave the stock a “hold” rating in a research note on Friday, April 13th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $16.06.
Barrick Gold traded down $0.03, reaching $12.78, during mid-day trading on Monday, Marketbeat Ratings reports. 2,657,597 shares of the company’s stock were exchanged, compared to its average volume of 8,200,017. The company has a market capitalization of $14.95 billion, a P/E ratio of 17.04, a P/E/G ratio of 8.33 and a beta of -0.15. The company has a current ratio of 2.82, a quick ratio of 1.71 and a debt-to-equity ratio of 0.56. Barrick Gold Corp has a 12-month low of $11.07 and a 12-month high of $18.35.
Barrick Gold (NYSE:ABX) (TSE:ABX) last issued its quarterly earnings results on Monday, April 23rd. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.81 billion. Barrick Gold had a return on equity of 7.62% and a net margin of 11.22%. Barrick Gold’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.14 earnings per share. research analysts predict that Barrick Gold Corp will post 0.77 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 15th. Shareholders of record on Thursday, May 31st were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, May 30th. This represents a $0.12 dividend on an annualized basis and a yield of 0.94%. Barrick Gold’s dividend payout ratio is currently 16.00%.
Barrick Gold Company Profile
Barrick Gold Corporation engages in the exploration and development of mineral properties. It primarily explores for gold and copper deposits. The company holds a 50% interest in the Veladero mine located in the San Juan Province of Argentina; 50% interest in the KCGM, a gold mine located in Australia; 95% interest in Porgera, a gold mine located in Papua New Guinea; 50% interest in the Zald铆var, a copper mine located in Chile; and 50% interest in the Jabal Sayid, a copper mine located in Saudi Arabia.
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 Corp (NYSE:ABX) (TSE:ABX).
