Keybank National Association OH maintained its stake in shares of Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,092 shares of the basic materials company’s stock at the end of the 2nd quarter. Keybank National Association OH’s holdings in Barrick Gold Corporation were worth $256,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Highland Capital Management LLC lifted its position in Barrick Gold Corporation by 0.3% during the second quarter. Highland Capital Management LLC now owns 47,758 shares of the basic materials company’s stock valued at $760,000 after purchasing an additional 130 shares during the last quarter. M&T Bank Corp lifted its position in Barrick Gold Corporation by 0.4% during the first quarter. M&T Bank Corp now owns 44,573 shares of the basic materials company’s stock valued at $848,000 after purchasing an additional 158 shares during the last quarter. BB&T Securities LLC lifted its position in Barrick Gold Corporation by 1.0% during the second quarter. BB&T Securities LLC now owns 21,114 shares of the basic materials company’s stock valued at $335,000 after purchasing an additional 213 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Barrick Gold Corporation by 0.7% during the first quarter. PNC Financial Services Group Inc. now owns 47,015 shares of the basic materials company’s stock valued at $893,000 after purchasing an additional 328 shares during the last quarter. Finally, Bennicas & Associates Inc. lifted its position in Barrick Gold Corporation by 1.6% during the second quarter. Bennicas & Associates Inc. now owns 24,850 shares of the basic materials company’s stock valued at $395,000 after purchasing an additional 400 shares during the last quarter. Institutional investors and hedge funds own 55.65% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Keybank National Association OH Continues to Hold Position in Barrick Gold Corporation (ABX)” was first published by Daily Political and is the sole property of of Daily Political. If you are reading this piece on another domain, it was illegally copied and reposted in violation of US and international trademark & copyright law. The legal version of this piece can be read at https://www.dailypolitical.com/2017/09/16/keybank-national-association-oh-continues-to-hold-position-in-barrick-gold-corporation-abx.html.

Barrick Gold Corporation (ABX) opened at 17.30 on Friday. The company has a 50 day moving average of $17.20 and a 200 day moving average of $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 P/E ratio of 8.56 and a beta of -0.29.

Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) last issued its quarterly earnings results on Wednesday, July 26th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.05. The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate 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 last year, the company earned $0.14 earnings per share. Equities analysts expect that Barrick Gold Corporation will post $0.74 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors 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 yield of 0.69%. Barrick Gold Corporation’s dividend payout ratio is presently 5.94%.

ABX has been the subject of several research analyst reports. BidaskClub upgraded shares of Barrick Gold Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. TD Securities reiterated a “hold” rating on shares of Barrick Gold Corporation in a research report on Tuesday, June 27th. Royal Bank Of Canada reiterated a “buy” rating and set a $21.00 target price on shares of Barrick Gold Corporation in a research report on Tuesday, July 18th. Deutsche Bank AG reiterated a “buy” rating and set a $21.00 target price (down from $22.00) on shares of Barrick Gold Corporation in a research report on Sunday, June 25th. Finally, Citigroup Inc. restated a “buy” rating on shares of Barrick Gold Corporation in a report on Wednesday, September 6th. Ten equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Barrick Gold Corporation presently has an average rating of “Hold” and an average price target of $20.59.

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.

Want to see what other hedge funds are holding ABX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Barrick Gold Corporation (NYSE:ABX) (TSE:ABX).

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

Receive News & Ratings for Barrick Gold Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barrick Gold Corporation and related companies with MarketBeat.com's FREE daily email newsletter.