Barrick Gold Target of Unusually High Options Trading (ABX)
Barrick Gold Corp (NYSE:ABX) (TSE:ABX) saw some unusual options trading activity on Wednesday. Traders acquired 69,321 call options on the stock. This is an increase of 638% compared to the typical volume of 9,387 call options.
Several equities analysts recently weighed in on ABX shares. Zacks Investment Research raised shares of Barrick Gold from a “sell” rating to a “hold” rating in a research note on Wednesday, July 25th. ValuEngine cut shares of Barrick Gold from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 26th. Scotiabank reaffirmed a “hold” rating and set a $16.00 target price on shares of Barrick Gold in a research note on Friday, July 27th. Royal Bank of Canada cut shares of Barrick Gold from an “outperform” rating to a “sector perform” rating and cut their target price for the company from $16.00 to $14.00 in a research note on Monday, July 30th. Finally, TD Securities set a $14.00 price objective on shares of Barrick Gold and gave the stock a “hold” rating in a research note on Monday, July 30th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $14.96.
Shares of NYSE:ABX opened at $13.46 on Thursday. Barrick Gold has a 52 week low of $9.53 and a 52 week high of $15.52. The firm has a market capitalization of $15.21 billion, a price-to-earnings ratio of 17.95, a price-to-earnings-growth ratio of 15.28 and a beta of -0.57. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.65 and a quick ratio of 1.42.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Friday, November 30th will be paid a $0.03 dividend. The ex-dividend date is Thursday, November 29th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.89%. Barrick Gold’s payout ratio is currently 16.00%.
Several large investors have recently modified their holdings of the business. Ruffer LLP boosted its stake in shares of Barrick Gold by 399.8% during the 3rd quarter. Ruffer LLP now owns 17,512,029 shares of the basic materials company’s stock worth $194,118,000 after purchasing an additional 14,008,215 shares during the period. BlackRock Inc. boosted its stake in shares of Barrick Gold by 291.7% during the 3rd quarter. BlackRock Inc. now owns 13,090,324 shares of the basic materials company’s stock worth $145,041,000 after purchasing an additional 9,748,052 shares during the period. Ashler Capital LLC boosted its stake in shares of Barrick Gold by 78.2% during the 2nd quarter. Ashler Capital LLC now owns 18,297,749 shares of the basic materials company’s stock worth $240,249,000 after purchasing an additional 8,030,578 shares during the period. Capital World Investors purchased a new position in shares of Barrick Gold during the 3rd quarter worth about $67,417,000. Finally, Flossbach Von Storch AG boosted its stake in shares of Barrick Gold by 12.2% during the 3rd quarter. Flossbach Von Storch AG now owns 54,318,684 shares of the basic materials company’s stock worth $601,857,000 after purchasing an additional 5,921,550 shares during the period. 56.44% of the stock is owned by institutional investors and hedge funds.
TRADEMARK VIOLATION WARNING: This news story was first posted by Daily Political and is the property of of Daily Political. If you are viewing this news story on another site, it was copied illegally and reposted in violation of international copyright & trademark law. The correct version of this news story can be read at https://www.dailypolitical.com/2018/11/22/barrick-gold-target-of-unusually-high-options-trading-abx.html.
About Barrick Gold
Barrick Gold Corporation engages in the exploration and development of mineral properties. It primarily explores for gold and copper deposits. The company holds a 50% interest in the Veladero mine located in the San Juan Province of Argentina; 50% interest in the KCGM, a gold mine located in Australia; 95% interest in Porgera, a gold mine located in Papua New Guinea; 50% interest in the ZaldÃvar, a copper mine located in Chile; and 50% interest in the Jabal Sayid, a copper mine located in Saudi Arabia.
Featured Article: How do candlesticks reflect price movement?
Receive News & Ratings for Barrick Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barrick Gold and related companies with MarketBeat.com's FREE daily email newsletter.