Investment Centers of America Inc. Purchases 3,322 Shares of Barrick Gold Corporation (ABX)
Investment Centers of America Inc. raised its position in Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) by 15.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,348 shares of the basic materials company’s stock after acquiring an additional 3,322 shares during the quarter. Investment Centers of America Inc.’s holdings in Barrick Gold Corporation were worth $387,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Captrust Financial Advisors acquired a new stake in shares of Barrick Gold Corporation during the second quarter worth approximately $399,000. Bridgewater Associates LP bought a new position in Barrick Gold Corporation during the second quarter worth $4,108,000. Ameriprise Financial Inc. lifted its stake in Barrick Gold Corporation by 28.2% during the second quarter. Ameriprise Financial Inc. now owns 58,507 shares of the basic materials company’s stock worth $931,000 after purchasing an additional 12,852 shares during the last quarter. Seven Eight Capital LP lifted its stake in Barrick Gold Corporation by 149.8% during the second quarter. Seven Eight Capital LP now owns 18,980 shares of the basic materials company’s stock worth $302,000 after purchasing an additional 11,381 shares during the last quarter. Finally, FNY Partners Fund LP bought a new position in Barrick Gold Corporation during the second quarter worth $159,000. 55.65% of the stock is owned by institutional investors.
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Several brokerages recently issued reports on ABX. TD Securities restated a “hold” rating on shares of Barrick Gold Corporation in a research note on Sunday, May 28th. Royal Bank Of Canada reissued a “buy” rating and set a $21.00 price target on shares of Barrick Gold Corporation in a report on Tuesday, July 18th. Jefferies Group LLC set a $20.00 price target on Barrick Gold Corporation and gave the company a “buy” rating in a report on Tuesday, August 15th. Raymond James Financial, Inc. reissued a “market perform” rating and set a $19.00 price target on shares of Barrick Gold Corporation in a report on Thursday, June 15th. Finally, Zacks Investment Research lowered Barrick Gold Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Ten investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $20.59.
Shares of Barrick Gold Corporation (ABX) opened at 17.30 on Monday. The company has a market cap of $20.17 billion, a P/E ratio of 8.56 and a beta of -0.29. Barrick Gold Corporation has a 12-month low of $13.81 and a 12-month high of $20.78. The company has a 50-day moving average price of $17.20 and a 200-day moving average price of $17.25.
Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) last announced its 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. The firm had revenue of $2.16 billion for 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%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.14 EPS. On average, analysts predict that Barrick Gold Corporation will post $0.74 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.69%. The ex-dividend date was Tuesday, August 29th. Barrick Gold Corporation’s payout ratio is presently 5.94%.
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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