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.

Barrick Gold (NYSE:ABX) (TSE:ABX) last issued its quarterly earnings data on Wednesday, October 24th. The basic materials company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. Barrick Gold had a negative net margin of 8.75% and a positive return on equity of 5.38%. The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same period last year, the company posted $0.16 EPS. The business’s revenue was down 5.0% on a year-over-year basis. As a group, research analysts expect that Barrick Gold will post 0.43 EPS for the current fiscal year.

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.

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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 Zaldívar, a copper mine located in Chile; and 50% interest in the Jabal Sayid, a copper mine located in Saudi Arabia.

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