Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) saw some unusual options trading on Wednesday. Stock investors bought 19,089 call options on the company. This is an increase of 106% compared to the typical volume of 9,246 call options.

A number of hedge funds and other institutional investors have recently modified their holdings of ABX. State Street Corp increased its position in shares of 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 in the last quarter. Gulf International Bank UK Ltd increased 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 in the last quarter. Quadrant Capital Group LLC increased 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 in the last quarter. ANTIPODES PARTNERS Ltd increased 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 in the last quarter. Finally, Capstone Asset Management Co. increased 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 in the last quarter. 58.87% of the stock is owned by institutional investors.

Barrick Gold Corporation (NYSE ABX) opened at 17.04 on Friday. The company has a market capitalization of $19.87 billion, a price-to-earnings ratio of 8.44 and a beta of -0.23. The stock has a 50 day moving average price of $16.27 and a 200-day moving average price of $17.56. Barrick Gold Corporation has a 12-month low of $13.81 and a 12-month high of $21.83.

Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) last posted its quarterly earnings data on Wednesday, July 26th. The basic materials company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.17 by $0.05. The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.03 billion. Barrick Gold Corporation had a return on equity of 8.91% and a net margin of 26.95%. Barrick Gold Corporation’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.14 EPS. Equities analysts predict that Barrick Gold Corporation will post $0.73 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be paid a $0.03 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.12 annualized dividend and a dividend yield of 0.70%. Barrick Gold Corporation’s dividend payout ratio (DPR) is 5.94%.

A number of analysts recently commented on the company. BidaskClub raised Barrick Gold Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Zacks Investment Research raised Barrick Gold Corporation from a “sell” rating to a “hold” rating in a research report on Friday, July 21st. Royal Bank Of Canada reaffirmed a “buy” rating and set a $21.00 price target on shares of Barrick Gold Corporation in a research report on Tuesday, July 18th. Jefferies Group LLC reaffirmed a “buy” rating and set a $20.00 price target (down from $24.00) on shares of Barrick Gold Corporation in a research report on Friday, July 14th. Finally, BMO Capital Markets downgraded Barrick Gold Corporation from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $21.00 to $18.00 in a research report on Thursday, July 6th. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Barrick Gold Corporation has an average rating of “Hold” and a consensus target price of $20.59.

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About Barrick Gold Corporation

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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