Wellington Shields Capital Management LLC bought a new position in Barrick Gold Corp (NYSE:ABX) (TSE:ABX) in the 4th quarter, HoldingsChannel reports. The firm bought 57,400 shares of the basic materials company’s stock, valued at approximately $831,000.

Several other hedge funds have also recently modified their holdings of the business. ING Groep NV purchased a new stake in shares of Barrick Gold in the 4th quarter worth $2,237,000. Wellington Shields & Co. LLC purchased a new stake in shares of Barrick Gold in the 4th quarter worth $1,230,000. Essex Investment Management Co. LLC lifted its holdings in shares of Barrick Gold by 43.8% in the 4th quarter. Essex Investment Management Co. LLC now owns 214,744 shares of the basic materials company’s stock worth $3,107,000 after buying an additional 65,423 shares during the period. Stephens Inc. AR lifted its holdings in shares of Barrick Gold by 13.2% in the 4th quarter. Stephens Inc. AR now owns 34,715 shares of the basic materials company’s stock worth $502,000 after buying an additional 4,038 shares during the period. Finally, Alps Advisors Inc. lifted its holdings in shares of Barrick Gold by 19.7% in the 4th quarter. Alps Advisors Inc. now owns 575,880 shares of the basic materials company’s stock worth $8,333,000 after buying an additional 94,938 shares during the period. Institutional investors and hedge funds own 55.77% of the company’s stock.

Several research analysts have recently commented on ABX shares. TD Securities set a $20.00 price target on Barrick Gold and gave the stock a “hold” rating in a research report on Thursday, October 12th. Jefferies Group set a $20.00 price target on Barrick Gold and gave the stock a “buy” rating in a research report on Thursday, October 19th. Berenberg Bank reissued a “hold” rating on shares of Barrick Gold in a research report on Tuesday, October 24th. CSFB reduced their price target on Barrick Gold from $22.00 to $19.00 and set a “neutral” rating for the company in a research report on Thursday, October 26th. Finally, Credit Suisse Group lowered Barrick Gold from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $22.00 to $19.00 in a research report on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the stock. Barrick Gold has a consensus rating of “Hold” and a consensus target price of $18.41.

Barrick Gold Corp (ABX) opened at $13.23 on Friday. Barrick Gold Corp has a 1 year low of $13.13 and a 1 year high of $20.78. The stock has a market capitalization of $15,616.26, a PE ratio of 7.11, a P/E/G ratio of 7.26 and a beta of -0.35. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.56 and a current ratio of 2.73.

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

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