Trexquant Investment LP Has $605,000 Position in Barrick Gold Corp (ABX)
Trexquant Investment LP increased its holdings in Barrick Gold Corp (NYSE:ABX) (TSE:ABX) by 24.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,599 shares of the basic materials company’s stock after purchasing an additional 7,366 shares during the quarter. Trexquant Investment LP’s holdings in Barrick Gold were worth $605,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. Virginia Retirement Systems ET AL bought a new stake in shares of Barrick Gold during the 3rd quarter valued at about $1,471,000. Legal & General Group Plc boosted its stake in shares of Barrick Gold by 1.2% during the 3rd quarter. Legal & General Group Plc now owns 4,999,839 shares of the basic materials company’s stock valued at $80,274,000 after purchasing an additional 60,925 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of Barrick Gold by 17.4% during the 3rd quarter. Great West Life Assurance Co. Can now owns 3,312,279 shares of the basic materials company’s stock valued at $53,293,000 after purchasing an additional 490,611 shares in the last quarter. TD Asset Management Inc. boosted its stake in shares of Barrick Gold by 2.7% during the 3rd quarter. TD Asset Management Inc. now owns 10,973,196 shares of the basic materials company’s stock valued at $176,181,000 after purchasing an additional 283,770 shares in the last quarter. Finally, Van Hulzen Asset Management LLC bought a new stake in shares of Barrick Gold during the 3rd quarter valued at about $209,000. Institutional investors own 55.44% of the company’s stock.
Shares of Barrick Gold Corp (NYSE ABX) traded down $0.25 during trading on Friday, reaching $13.78. 19,871,602 shares of the company’s stock traded hands, compared to its average volume of 12,270,816. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.73 and a quick ratio of 1.56. The stock has a market capitalization of $16,290.00, a PE ratio of 19.15, a PEG ratio of 9.61 and a beta of -0.39. Barrick Gold Corp has a twelve month low of $13.46 and a twelve month high of $20.78.
Barrick Gold (NYSE:ABX) (TSE:ABX) last issued its earnings results on Wednesday, October 25th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.01). The firm had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $2.02 billion. Barrick Gold had a return on equity of 7.73% and a net margin of 25.72%. The firm’s quarterly revenue was down 15.8% on a year-over-year basis. During the same period last year, the firm posted $0.24 earnings per share. research analysts forecast that Barrick Gold Corp will post 0.74 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $0.12 annualized dividend and a yield of 0.87%. Barrick Gold’s dividend payout ratio (DPR) is presently 6.42%.
A number of equities research analysts have recently weighed in on ABX shares. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Barrick Gold in a research note on Friday, August 18th. UBS dropped their price objective on shares of Barrick Gold from $18.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, November 3rd. Jefferies Group set a $20.00 price objective on shares of Barrick Gold and gave the stock a “buy” rating in a research note on Thursday, October 19th. Credit Suisse Group reissued a “buy” rating and set a $22.00 price objective on shares of Barrick Gold in a research note on Sunday, September 24th. Finally, Citigroup reissued a “buy” rating on shares of Barrick Gold in a research note on Wednesday, September 6th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $18.69.
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Barrick Gold 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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