Stifel Financial Corp increased its stake in Barrick Gold Corp (NYSE:ABX) (TSE:ABX) by 135.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 234,370 shares of the basic materials company’s stock after purchasing an additional 134,836 shares during the quarter. Stifel Financial Corp’s holdings in Barrick Gold were worth $3,772,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in ABX. Advisors Asset Management Inc. increased its stake in Barrick Gold by 116.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 6,588 shares of the basic materials company’s stock worth $105,000 after buying an additional 3,543 shares in the last quarter. FNY Partners Fund LP purchased a new stake in Barrick Gold in the 2nd quarter worth $159,000. Neuberger Berman Group LLC purchased a new stake in Barrick Gold in the 2nd quarter worth $161,000. ETRADE Capital Management LLC purchased a new stake in Barrick Gold in the 2nd quarter worth $180,000. Finally, MML Investors Services LLC increased its stake in Barrick Gold by 11.6% in the 2nd quarter. MML Investors Services LLC now owns 11,644 shares of the basic materials company’s stock worth $185,000 after buying an additional 1,209 shares in the last quarter. 55.72% of the stock is currently owned by institutional investors.
A number of equities research analysts have issued reports on ABX shares. TD Securities set a $20.00 price target on Barrick Gold and gave the stock a “hold” rating in a research note on Thursday, October 12th. Desjardins restated a “hold” rating on shares of Barrick Gold in a research report on Monday, December 11th. Jefferies Group set a $20.00 price objective on Barrick Gold and gave the company a “buy” rating in a research report on Thursday, October 19th. Citigroup restated a “buy” rating on shares of Barrick Gold in a research report on Wednesday, September 6th. Finally, Royal Bank of Canada set a $21.00 price objective on Barrick Gold and gave the company a “buy” rating in a research report on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $18.69.
Barrick Gold (NYSE:ABX) (TSE:ABX) last released its quarterly earnings results on Wednesday, October 25th. The basic materials company reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.01). The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $2.02 billion. Barrick Gold had a return on equity of 7.73% and a net margin of 25.72%. The company’s revenue was down 15.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.24 EPS. sell-side analysts forecast that Barrick Gold Corp will post 0.75 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Thursday, November 30th were given a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $0.12 annualized dividend and a yield of 0.85%. Barrick Gold’s dividend payout ratio is currently 6.45%.
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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