Barrick Gold Corp (ABX) Shares Bought by Freestone Capital Holdings LLC

Freestone Capital Holdings LLC grew its stake in Barrick Gold Corp (TSE:ABX) (NYSE:ABX) by 133.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,132,918 shares of the basic materials company’s stock after acquiring an additional 648,424 shares during the period. Barrick Gold comprises 0.9% of Freestone Capital Holdings LLC’s investment portfolio, making the stock its 22nd biggest holding. Freestone Capital Holdings LLC’s holdings in Barrick Gold were worth $15,533,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the company. Hollencrest Capital Management raised its stake in shares of Barrick Gold by 159.2% in the 1st quarter. Hollencrest Capital Management now owns 130,250 shares of the basic materials company’s stock valued at $1,786,000 after acquiring an additional 80,000 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in shares of Barrick Gold by 136.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 63,985 shares of the basic materials company’s stock valued at $877,000 after acquiring an additional 36,927 shares during the period. US Bancorp DE raised its stake in shares of Barrick Gold by 52.7% in the 1st quarter. US Bancorp DE now owns 103,784 shares of the basic materials company’s stock valued at $1,422,000 after acquiring an additional 35,823 shares during the period. Greenleaf Trust purchased a new stake in shares of Barrick Gold in the 1st quarter valued at approximately $416,000. Finally, Boyer & Corporon Wealth Management LLC purchased a new stake in shares of Barrick Gold in the 1st quarter valued at approximately $2,798,000.

Shares of TSE:ABX opened at C$16.01 on Thursday. Barrick Gold Corp has a 52 week low of C$12.54 and a 52 week high of C$19.49. The company has a current ratio of 2.46, a quick ratio of 1.28 and a debt-to-equity ratio of 31.73. The company has a market capitalization of $28.82 billion and a price-to-earnings ratio of -13.13.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be given a $0.054 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Thursday, May 30th. Barrick Gold’s dividend payout ratio is presently -13.13%.

Several equities research analysts recently weighed in on the stock. Canaccord Genuity cut their target price on shares of Barrick Gold from C$19.00 to C$18.00 in a research note on Tuesday, April 23rd. Desjardins raised shares of Barrick Gold from a “hold” rating to a “buy” rating and set a C$22.00 target price on the stock in a research note on Wednesday, March 13th. GMP Securities reaffirmed a “hold” rating and set a C$17.15 target price on shares of Barrick Gold in a research note on Wednesday, February 27th. Finally, Haywood Securities upped their target price on shares of Barrick Gold from C$18.00 to C$19.00 in a research note on Thursday, February 14th.

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Barrick Gold Company Profile

Barrick Gold Corporation explores for and develops mineral properties. The company primarily explores for gold, copper, and silver deposits. It holds a 50% interest in the Veladero, a gold mine located in Argentina; 50% interest in the Kalgoorlie gold mine located in Australia; 95% interest in the Porgera 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 copper mine located in Saudi Arabia.

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

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