Insight 2811 Inc. lowered its stake in shares of Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) by 6.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,985 shares of the basic materials company’s stock after selling 1,987 shares during the period. Insight 2811 Inc.’s holdings in Barrick Gold Corporation were worth $429,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. State Street Corp raised its stake in Barrick Gold Corporation by 10.7% in the fourth quarter. State Street Corp now owns 826,813 shares of the basic materials company’s stock valued at $13,212,000 after buying an additional 80,077 shares during the last quarter. Gulf International Bank UK Ltd raised its position in shares of Barrick Gold Corporation by 5.1% in the first quarter. Gulf International Bank UK Ltd now owns 362,476 shares of the basic materials company’s stock valued at $6,875,000 after buying an additional 17,650 shares during the last quarter. Quadrant Capital Group LLC raised 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. ANTIPODES PARTNERS Ltd raised its position in shares of Barrick Gold Corporation by 15.3% in the first quarter. ANTIPODES PARTNERS Ltd now owns 1,471,766 shares of the basic materials company’s stock valued at $24,454,000 after buying an additional 195,478 shares during the last quarter. Finally, Capstone Asset Management Co. raised its position in shares of Barrick Gold Corporation by 2.0% in the first quarter. Capstone Asset Management Co. now owns 72,065 shares of the basic materials company’s stock valued at $1,369,000 after buying an additional 1,420 shares during the last quarter. 58.87% of the stock is owned by institutional investors and hedge funds.

Shares of Barrick Gold Corporation (ABX) opened at 16.57 on Tuesday. Barrick Gold Corporation has a 1-year low of $13.81 and a 1-year high of $22.70. The company has a 50-day moving average of $16.04 and a 200-day moving average of $17.58. The firm has a market cap of $19.32 billion, a PE ratio of 8.20 and a beta of -0.23.

Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) last released its quarterly earnings results on Wednesday, July 26th. The basic materials company reported $0.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.05. Barrick Gold Corporation had a return on equity of 8.91% and a net margin of 26.95%. The business had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter in the prior year, the business earned $0.14 earnings per share. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. Analysts predict that Barrick Gold Corporation will post $0.73 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Tuesday, August 29th. Barrick Gold Corporation’s dividend payout ratio is presently 5.94%.

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Several equities analysts recently commented on ABX shares. Berenberg Bank reaffirmed a “sell” rating and issued a $15.20 price objective on shares of Barrick Gold Corporation in a research report on Friday, June 2nd. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $21.00 price objective on shares of Barrick Gold Corporation in a research report on Tuesday, June 13th. Barclays PLC reaffirmed an “equal weight” rating and issued a $20.00 price objective (down from $22.00) on shares of Barrick Gold Corporation in a research report on Thursday, June 1st. Vetr lowered shares of Barrick Gold Corporation from a “strong-buy” rating to a “buy” rating and set a $21.75 price objective for the company. in a research report on Monday, April 10th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $21.00 price objective (down from $22.00) on shares of Barrick Gold Corporation in a research report on Sunday, June 25th. Eleven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Barrick Gold Corporation has a consensus rating of “Hold” and an average price target of $21.73.

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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Institutional Ownership by Quarter for Barrick Gold Corporation (NYSE:ABX)

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