Assenagon Asset Management S.A. continued to hold its position in shares of Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 100,000 shares of the basic materials company’s stock at the end of the second quarter. Assenagon Asset Management S.A.’s holdings in Barrick Gold Corporation were worth $1,586,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Quadrant Capital Group LLC boosted its position in shares of Barrick Gold Corporation by 275.8% in the first quarter. Quadrant Capital Group LLC now owns 5,592 shares of the basic materials company’s stock valued at $104,000 after buying an additional 4,104 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Barrick Gold Corporation by 9.9% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 5,608 shares of the basic materials company’s stock worth $106,000 after buying an additional 506 shares in the last quarter. FNY Managed Accounts LLC acquired a new stake in shares of Barrick Gold Corporation during the first quarter worth $116,000. Gemmer Asset Management LLC acquired a new stake in shares of Barrick Gold Corporation during the first quarter worth $155,000. Finally, F&V Capital Management LLC acquired a new stake in shares of Barrick Gold Corporation during the second quarter worth $161,000. Institutional investors and hedge funds own 57.69% of the company’s stock.
Barrick Gold Corporation (NYSE ABX) traded up 2.06% during midday trading on Friday, hitting $16.87. 12,819,109 shares of the company’s stock traded hands. The company has a market capitalization of $19.66 billion, a PE ratio of 8.57 and a beta of -0.25. The company has a 50 day moving average of $16.00 and a 200-day moving average of $17.57. Barrick Gold Corporation has a 52 week low of $13.81 and a 52 week high of $22.94.
Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) last posted its quarterly earnings data on Wednesday, July 26th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.05. The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.03 billion. Barrick Gold Corporation had a return on equity of 9.18% and a net margin of 26.95%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.14 EPS. Equities research analysts predict that Barrick Gold Corporation will post $0.72 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.12 annualized dividend and a yield of 0.71%. Barrick Gold Corporation’s payout ratio is presently 5.94%.
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A number of analysts recently weighed in on ABX shares. Berenberg Bank reiterated a “sell” rating and set a $15.20 price target on shares of Barrick Gold Corporation in a research note on Friday, June 2nd. Royal Bank Of Canada reiterated a “buy” rating and set a $21.00 price target on shares of Barrick Gold Corporation in a research note on Tuesday, June 13th. Barclays PLC reiterated an “equal weight” rating and set a $20.00 price target (down previously from $22.00) on shares of Barrick Gold Corporation in a research note on Thursday, June 1st. Vetr cut shares of Barrick Gold Corporation from a “strong-buy” rating to a “buy” rating and set a $21.75 target price for the company. in a research note on Monday, April 10th. Finally, Deutsche Bank AG restated a “buy” rating and issued a $21.00 target price (down previously from $22.00) on shares of Barrick Gold Corporation in a research note on Sunday, June 25th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the stock. Barrick Gold Corporation has an average rating of “Hold” and a consensus target price of $22.16.
Barrick Gold Corporation 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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