HRT Financial LLC bought a new position in shares of Barrick Gold Corp (NYSE:ABX) (TSE:ABX) during the 2nd quarter, HoldingsChannel reports. The firm bought 13,174 shares of the basic materials company’s stock, valued at approximately $172,000.

Several other hedge funds have also made changes to their positions in ABX. Neuberger Berman Group LLC grew its holdings in shares of Barrick Gold by 32.6% during the first quarter. Neuberger Berman Group LLC now owns 37,261 shares of the basic materials company’s stock worth $464,000 after purchasing an additional 9,165 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of Barrick Gold by 97.3% during the first quarter. Private Advisor Group LLC now owns 27,371 shares of the basic materials company’s stock worth $341,000 after purchasing an additional 13,496 shares during the last quarter. Schwartz Investment Counsel Inc. grew its holdings in shares of Barrick Gold by 300.0% during the first quarter. Schwartz Investment Counsel Inc. now owns 80,000 shares of the basic materials company’s stock worth $996,000 after purchasing an additional 60,000 shares during the last quarter. Great West Life Assurance Co. Can grew its holdings in shares of Barrick Gold by 17.6% during the first quarter. Great West Life Assurance Co. Can now owns 4,104,602 shares of the basic materials company’s stock worth $51,105,000 after purchasing an additional 612,915 shares during the last quarter. Finally, Evergreen Capital Management LLC bought a new stake in shares of Barrick Gold during the first quarter worth $1,872,000. Institutional investors own 52.66% of the company’s stock.

NYSE:ABX opened at $10.35 on Tuesday. Barrick Gold Corp has a 1-year low of $9.53 and a 1-year high of $17.14. The company has a current ratio of 2.12, a quick ratio of 1.22 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $11.80 billion, a price-to-earnings ratio of 13.80, a P/E/G ratio of 8.27 and a beta of -0.37.

Barrick Gold (NYSE:ABX) (TSE:ABX) last released its earnings results on Wednesday, July 25th. The basic materials company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.05). Barrick Gold had a negative net margin of 3.38% and a positive return on equity of 6.13%. The company had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same period in the previous year, the company posted $0.22 EPS. The company’s quarterly revenue was down 20.7% compared to the same quarter last year. research analysts anticipate that Barrick Gold Corp will post 0.61 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, September 17th. Shareholders of record on Friday, August 31st were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.16%. The ex-dividend date was Thursday, August 30th. Barrick Gold’s payout ratio is 16.00%.

Several analysts have recently commented on ABX shares. Zacks Investment Research upgraded Barrick Gold from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 3rd. TD Securities set a $14.00 price target on Barrick Gold and gave the company a “hold” rating in a research note on Monday, July 30th. Scotiabank reaffirmed a “hold” rating and set a $16.00 price target on shares of Barrick Gold in a research note on Friday, July 27th. Jefferies Financial Group lowered Barrick Gold from a “buy” rating to a “hold” rating and cut their price target for the company from $17.00 to $11.00 in a research note on Monday, August 6th. Finally, Citigroup raised Barrick Gold from a “sell” rating to a “neutral” rating and set a $11.00 price target on the stock in a research note on Tuesday, August 28th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $15.18.

Barrick Gold Profile

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

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