11,619 Shares in Barrick Gold Corp (ABX) Acquired by Boothbay Fund Management LLC
Boothbay Fund Management LLC purchased a new stake in shares of Barrick Gold Corp (NYSE:ABX) (TSE:ABX) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 11,619 shares of the basic materials company’s stock, valued at approximately $187,000.
A number of other large investors also recently added to or reduced their stakes in the stock. Old West Investment Management LLC increased its stake in Barrick Gold by 1.8% in the third quarter. Old West Investment Management LLC now owns 777,273 shares of the basic materials company’s stock worth $12,506,000 after purchasing an additional 13,467 shares during the period. Magnetar Financial LLC purchased a new stake in Barrick Gold in the third quarter worth $2,028,000. AMP Capital Investors Ltd increased its stake in Barrick Gold by 8.8% in the third quarter. AMP Capital Investors Ltd now owns 474,472 shares of the basic materials company’s stock worth $7,618,000 after purchasing an additional 38,324 shares during the period. Allianz Asset Management GmbH increased its stake in Barrick Gold by 40.4% in the third quarter. Allianz Asset Management GmbH now owns 1,538,258 shares of the basic materials company’s stock worth $24,698,000 after purchasing an additional 442,264 shares during the period. Finally, Bluestein R H & Co. purchased a new stake in Barrick Gold in the third quarter worth $350,000. Institutional investors own 55.72% of the company’s stock.
A number of research firms have weighed in on ABX. Berenberg Bank reiterated a “hold” rating on shares of Barrick Gold in a research note on Tuesday, October 24th. Desjardins reiterated a “hold” rating on shares of Barrick Gold in a research note on Monday. Jefferies Group reissued a “buy” rating and set a $20.00 price target on shares of Barrick Gold in a research report on Thursday, September 21st. Royal Bank of Canada set a $21.00 price target on Barrick Gold and gave the stock a “buy” rating in a research report on Monday, October 30th. Finally, CSFB dropped their price target on Barrick Gold from $22.00 to $19.00 and set a “neutral” rating on the stock in a research report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $18.69.
Shares of Barrick Gold Corp (ABX) opened at $14.11 on Thursday. Barrick Gold Corp has a 12-month low of $13.28 and a 12-month high of $20.78. The firm has a market capitalization of $15,901.16, a PE ratio of 18.43, a P/E/G ratio of 9.04 and a beta of -0.42. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.56 and a current ratio of 2.73.
Barrick Gold (NYSE:ABX) (TSE:ABX) last issued its quarterly earnings data on Wednesday, October 25th. The basic materials company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). Barrick Gold had a net margin of 25.72% and a return on equity of 7.73%. The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same period in the previous year, the business earned $0.24 EPS. Barrick Gold’s revenue for the quarter was down 15.8% compared to the same quarter last year. equities analysts expect that Barrick Gold Corp will post 0.75 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Wednesday, November 29th. Barrick Gold’s payout ratio is currently 6.45%.
About Barrick Gold
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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