Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp cut its position in shares of Barrick Gold Corp (NYSE:ABX) (TSE:ABX) by 17.1% during the 4th quarter, Holdings Channel reports. The firm owned 5,163,800 shares of the basic materials company’s stock after selling 1,066,519 shares during the quarter. Barrick Gold makes up approximately 0.8% of Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s holdings, making the stock its 21st largest holding. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s holdings in Barrick Gold were worth $93,878,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Stifel Financial Corp boosted its holdings in Barrick Gold by 135.5% during the third quarter. Stifel Financial Corp now owns 234,370 shares of the basic materials company’s stock worth $3,772,000 after purchasing an additional 134,836 shares during the last quarter. Quantbot Technologies LP purchased a new position in Barrick Gold during the third quarter worth about $406,000. Flossbach Von Storch AG boosted its holdings in Barrick Gold by 8.1% during the third quarter. Flossbach Von Storch AG now owns 28,677,838 shares of the basic materials company’s stock worth $461,427,000 after purchasing an additional 2,148,150 shares during the last quarter. Great West Life Assurance Co. Can boosted its holdings in Barrick Gold by 17.4% during the third quarter. Great West Life Assurance Co. Can now owns 3,312,279 shares of the basic materials company’s stock worth $53,293,000 after purchasing an additional 490,611 shares during the last quarter. Finally, Ronna Sue Cohen purchased a new position in Barrick Gold during the fourth quarter worth about $263,000. Institutional investors and hedge funds own 52.88% of the company’s stock.
Shares of Barrick Gold Corp (NYSE:ABX) opened at $12.26 on Tuesday. Barrick Gold Corp has a 12-month low of $11.07 and a 12-month high of $20.36. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.68 and a quick ratio of 1.60. The stock has a market cap of $14,377.44, a P/E ratio of 9.97, a PEG ratio of 7.22 and a beta of -0.13.
Barrick Gold (NYSE:ABX) (TSE:ABX) last posted its quarterly earnings results on Wednesday, February 14th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.02. Barrick Gold had a net margin of 17.17% and a return on equity of 7.59%. The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same quarter in the previous year, the firm posted $0.22 earnings per share. The company’s quarterly revenue was down 3.9% compared to the same quarter last year. sell-side analysts expect that Barrick Gold Corp will post 0.85 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend was Tuesday, February 27th. Barrick Gold’s dividend payout ratio (DPR) is currently 9.76%.
ABX has been the topic of several analyst reports. Zacks Investment Research cut shares of Barrick Gold from a “hold” rating to a “sell” rating in a report on Tuesday, January 30th. TD Securities boosted their price target on shares of Barrick Gold from $17.00 to $17.50 and gave the stock a “hold” rating in a report on Friday, January 12th. BMO Capital Markets set a $16.00 price target on shares of Barrick Gold and gave the stock a “hold” rating in a report on Tuesday, December 19th. Citigroup cut shares of Barrick Gold from a “buy” rating to a “sell” rating and set a $13.00 target price on the stock. in a research note on Thursday, November 30th. Finally, Credit Suisse Group reiterated a “hold” rating and issued a $19.00 target price on shares of Barrick Gold in a research note on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $16.88.
About Barrick Gold
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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