DORCHESTER WEALTH MANAGEMENT Co Acquires 2,550 Shares of Barrick Gold Corporation (NYSE:ABX)

DORCHESTER WEALTH MANAGEMENT Co raised its position in shares of Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) by 5.6% during the second quarter, according to its most recent filing with the SEC. The fund owned 47,846 shares of the basic materials company’s stock after buying an additional 2,550 shares during the period. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Barrick Gold Corporation were worth $761,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Loeb Partners Corp boosted its position in shares of Barrick Gold Corporation by 22.2% in the first quarter. Loeb Partners Corp now owns 22,000 shares of the basic materials company’s stock worth $418,000 after buying an additional 4,000 shares during the last quarter. Candriam Luxembourg S.C.A. boosted its position in shares of Barrick Gold Corporation by 18.6% in the first quarter. Candriam Luxembourg S.C.A. now owns 32,133 shares of the basic materials company’s stock worth $609,000 after buying an additional 5,030 shares during the last quarter. James Investment Research Inc. boosted its position in shares of Barrick Gold Corporation by 1.3% in the first quarter. James Investment Research Inc. now owns 362,283 shares of the basic materials company’s stock worth $6,880,000 after buying an additional 4,750 shares during the last quarter. Hexavest Inc. boosted its position in shares of Barrick Gold Corporation by 954.7% in the first quarter. Hexavest Inc. now owns 1,073,362 shares of the basic materials company’s stock worth $20,375,000 after buying an additional 971,590 shares during the last quarter. Finally, Sanders Morris Harris Inc. boosted its position in shares of Barrick Gold Corporation by 9.0% in the first quarter. Sanders Morris Harris Inc. now owns 146,000 shares of the basic materials company’s stock worth $2,773,000 after buying an additional 12,000 shares during the last quarter. 57.75% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Barrick Gold Corporation (ABX) traded down 0.80% during midday trading on Friday, reaching $16.19. 10,269,629 shares of the company’s stock traded hands. The company has a 50 day moving average of $16.06 and a 200 day moving average of $17.60. Barrick Gold Corporation has a 52-week low of $13.81 and a 52-week high of $22.94. The firm has a market cap of $18.87 billion, a PE ratio of 13.38 and a beta of -0.25. Barrick Gold Corporation also was the recipient of some unusual options trading activity on Thursday. Stock traders acquired 18,285 put options on the company. This is an increase of 371% compared to the typical daily volume of 3,886 put options.

Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) last released its quarterly earnings data on Monday, April 24th. The basic materials company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by $0.07. Barrick Gold Corporation had a net margin of 16.44% and a return on equity of 8.34%. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same period last year, the business posted $0.11 earnings per share. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. On average, equities analysts predict that Barrick Gold Corporation will post $0.72 EPS for the current fiscal year.

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ABX has been the topic of a number of recent analyst reports. Jefferies Group LLC lifted their price target on shares of Barrick Gold Corporation from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, April 19th. Vetr cut shares of Barrick Gold Corporation from a “strong-buy” rating to a “buy” rating and set a $21.75 price target on the stock. in a research report on Monday, April 10th. Scotiabank reissued a “sector perform” rating and set a $22.50 price target on shares of Barrick Gold Corporation in a research report on Tuesday, April 25th. TD Securities reissued a “hold” rating and set a $20.00 price target on shares of Barrick Gold Corporation in a research report on Tuesday, April 25th. Finally, BMO Capital Markets reissued a “buy” rating on shares of Barrick Gold Corporation in a research report on Friday, March 31st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $22.16.

About Barrick Gold Corporation

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 Corporation (NYSE:ABX)

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