Investors purchased shares of Barrick Gold Corp. (NYSE:ABX) on weakness during trading hours on Friday. $101.95 million flowed into the stock on the tick-up and $84.54 million flowed out of the stock on the tick-down, for a money net flow of $17.41 million into the stock. Of all stocks tracked, Barrick Gold Corp. had the 2nd highest net in-flow for the day. Barrick Gold Corp. traded down ($0.03) for the day and closed at $22.32

A number of research firms recently issued reports on ABX. Canaccord Genuity cut shares of Barrick Gold Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, May 3rd. Zacks Investment Research cut shares of Barrick Gold Corp. from a “buy” rating to a “hold” rating in a research note on Friday, May 6th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Barrick Gold Corp. in a research note on Monday, April 25th. Vetr cut shares of Barrick Gold Corp. from a “hold” rating to a “sell” rating and set a $17.33 price target on the stock. in a research note on Monday, May 2nd. Finally, TheStreet raised shares of Barrick Gold Corp. from a “sell” rating to a “hold” rating in a research note on Monday, May 2nd. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Barrick Gold Corp. presently has an average rating of “Hold” and an average target price of $16.22.

The company’s market cap is $26.01 billion. The stock’s 50 day moving average is $19.57 and its 200 day moving average is $14.71.

Barrick Gold Corp. (NYSE:ABX) last posted its earnings results on Tuesday, April 26th. The company reported $0.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.01. The firm earned $1.93 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same period last year, the company posted $0.05 EPS. The firm’s revenue for the quarter was down 14.0% on a year-over-year basis. Equities research analysts predict that Barrick Gold Corp. will post $0.61 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Tuesday, May 31st were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.36%. The ex-dividend date was Thursday, May 26th.

A number of hedge funds have recently bought and sold shares of ABX. GAM Holding AG raised its stake in Barrick Gold Corp. by 3.3% in the fourth quarter. GAM Holding AG now owns 1,798,379 shares of the company’s stock valued at $13,272,000 after buying an additional 56,801 shares during the period. Oppenheimer & Co. Inc. raised its stake in Barrick Gold Corp. by 27.2% in the fourth quarter. Oppenheimer & Co. Inc. now owns 141,025 shares of the company’s stock valued at $1,041,000 after buying an additional 30,121 shares during the period. OppenheimerFunds Inc. raised its stake in Barrick Gold Corp. by 14.1% in the fourth quarter. OppenheimerFunds Inc. now owns 2,210,386 shares of the company’s stock valued at $16,313,000 after buying an additional 272,886 shares during the period. Stuyvesant Capital Management raised its stake in Barrick Gold Corp. by 2.2% in the fourth quarter. Stuyvesant Capital Management now owns 279,150 shares of the company’s stock valued at $2,060,000 after buying an additional 6,120 shares during the period. Finally, Comerica Bank raised its stake in Barrick Gold Corp. by 16.7% in the fourth quarter. Comerica Bank now owns 126,711 shares of the company’s stock valued at $1,067,000 after buying an additional 18,121 shares during the period.

Barrick Gold Corporation (Barrick) is engaged in the production and sale of gold, as well as related activities, such as exploration and mine development. The Company produces copper, principally from its Zaldivar joint venture and Lumwana mine, and holds other interests. Barricks’ segments include Cortez, Goldstrike, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Porgera, Kalgoorlie, Acacia Mining plc, Lumwana, Zaldivar and Pascua-Lama Project.

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