Edmond DE Rothschild Holding S.A. decreased its position in Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) by 6.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 245,275 shares of the basic materials company’s stock after selling 16,380 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Barrick Gold Corporation were worth $3,904,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of ABX. BlackRock Inc. boosted its holdings in Barrick Gold Corporation by 40,554.0% in the first quarter. BlackRock Inc. now owns 23,482,163 shares of the basic materials company’s stock valued at $445,925,000 after acquiring an additional 23,424,402 shares during the last quarter. Flossbach Von Storch AG boosted its holdings in Barrick Gold Corporation by 104.8% in the second quarter. Flossbach Von Storch AG now owns 26,529,688 shares of the basic materials company’s stock valued at $422,088,000 after acquiring an additional 13,576,086 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Barrick Gold Corporation by 41.7% in the second quarter. Franklin Resources Inc. now owns 34,981,711 shares of the basic materials company’s stock valued at $556,558,000 after acquiring an additional 10,291,973 shares during the last quarter. Legal & General Group Plc boosted its holdings in Barrick Gold Corporation by 253,067.4% in the first quarter. Legal & General Group Plc now owns 5,124,109 shares of the basic materials company’s stock valued at $97,047,000 after acquiring an additional 5,122,085 shares during the last quarter. Finally, Van ECK Associates Corp boosted its holdings in Barrick Gold Corporation by 5.5% in the first quarter. Van ECK Associates Corp now owns 74,763,721 shares of the basic materials company’s stock valued at $1,419,763,000 after acquiring an additional 3,877,115 shares during the last quarter. Institutional investors and hedge funds own 55.65% of the company’s stock.

Several equities analysts recently issued reports on ABX shares. Jefferies Group LLC set a $24.00 price target on Barrick Gold Corporation and gave the company a “buy” rating in a report on Friday, May 19th. Royal Bank Of Canada reiterated a “buy” rating and issued a $23.00 price target on shares of Barrick Gold Corporation in a report on Wednesday, May 24th. Berenberg Bank set a $15.00 price target on Barrick Gold Corporation and gave the company a “sell” rating in a report on Saturday, May 27th. TD Securities reiterated a “hold” rating on shares of Barrick Gold Corporation in a report on Sunday, May 28th. Finally, Barclays PLC reiterated an “equal weight” rating and issued a $20.00 price target (down previously from $22.00) on shares of Barrick Gold Corporation in a report on Thursday, June 1st. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $20.59.

Barrick Gold Corporation (NYSE:ABX) traded up 0.93% during midday trading on Friday, hitting $17.30. The stock had a trading volume of 11,020,099 shares. The company’s 50 day moving average price is $17.20 and its 200-day moving average price is $17.25. Barrick Gold Corporation has a 52 week low of $13.81 and a 52 week high of $20.78. The stock has a market capitalization of $20.17 billion, a price-to-earnings ratio of 8.56 and a beta of -0.29.

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, beating analysts’ consensus estimates 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 firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the previous year, the company posted $0.14 EPS. The business’s revenue was up 7.4% on a year-over-year basis. Equities analysts anticipate that Barrick Gold Corporation will post $0.74 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were given a $0.03 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.69%. Barrick Gold Corporation’s dividend payout ratio (DPR) is presently 5.94%.

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

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