Barrick Gold Corp (ABX) Shares Sold by Winslow Evans & Crocker Inc.
Winslow Evans & Crocker Inc. reduced its position in Barrick Gold Corp (NYSE:ABX) (TSE:ABX) by 48.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,500 shares of the basic materials company’s stock after selling 7,116 shares during the period. Winslow Evans & Crocker Inc.’s holdings in Barrick Gold were worth $109,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of ABX. Marathon Asset Management LLP purchased a new stake in shares of Barrick Gold in the third quarter worth about $43,138,000. Flossbach Von Storch AG lifted its position in shares of Barrick Gold by 8.1% in the third quarter. Flossbach Von Storch AG now owns 28,677,838 shares of the basic materials company’s stock worth $461,427,000 after buying an additional 2,148,150 shares in the last quarter. Investec Asset Management LTD lifted its position in shares of Barrick Gold by 87.6% in the third quarter. Investec Asset Management LTD now owns 2,887,282 shares of the basic materials company’s stock worth $46,441,000 after buying an additional 1,348,096 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Barrick Gold by 4.5% in the second quarter. Vanguard Group Inc. now owns 27,435,727 shares of the basic materials company’s stock worth $436,503,000 after buying an additional 1,190,761 shares in the last quarter. Finally, Capital Research Global Investors lifted its position in shares of Barrick Gold by 40.2% in the second quarter. Capital Research Global Investors now owns 3,175,587 shares of the basic materials company’s stock worth $50,521,000 after buying an additional 909,926 shares in the last quarter. Institutional investors own 55.65% of the company’s stock.
A number of equities research analysts recently commented on the company. Credit Suisse Group reiterated a “hold” rating and issued a $19.00 target price on shares of Barrick Gold in a research report on Thursday. Zacks Investment Research cut Barrick Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, January 16th. TD Securities boosted their price objective on Barrick Gold from $17.00 to $17.50 and gave the stock a “hold” rating in a research note on Friday, January 12th. BMO Capital Markets set a $16.00 price objective on Barrick Gold and gave the stock a “hold” rating in a research note on Tuesday, December 19th. Finally, Desjardins reissued a “hold” rating on shares of Barrick Gold in a research note on Monday, December 11th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the company. Barrick Gold currently has an average rating of “Hold” and an average price target of $18.48.
Barrick Gold (NYSE:ABX) (TSE:ABX) last released its earnings results on Wednesday, October 25th. The basic materials company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $2.02 billion. Barrick Gold had a net margin of 25.72% and a return on equity of 7.73%. The company’s quarterly revenue was down 15.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.24 EPS. equities analysts predict that Barrick Gold Corp will post 0.76 EPS for the current fiscal year.
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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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