McIlrath & Eck LLC grew its holdings in Barrick Gold Corp (TSE:ABX) (NYSE:ABX) by 624.7% in the first quarter, HoldingsChannel reports. The institutional investor owned 2,174 shares of the basic materials company’s stock after acquiring an additional 1,874 shares during the quarter. McIlrath & Eck LLC’s holdings in Barrick Gold were worth $30,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Brasada Capital Management LP boosted its stake in Barrick Gold by 4,263.9% during the first quarter. Brasada Capital Management LP now owns 157,100 shares of the basic materials company’s stock worth $2,154,000 after buying an additional 153,500 shares during the last quarter. Moors & Cabot Inc. boosted its stake in Barrick Gold by 142.2% during the first quarter. Moors & Cabot Inc. now owns 54,070 shares of the basic materials company’s stock worth $743,000 after buying an additional 31,741 shares during the last quarter. CIBC Asset Management Inc lifted its stake in shares of Barrick Gold by 72.8% in the 1st quarter. CIBC Asset Management Inc now owns 10,581,031 shares of the basic materials company’s stock valued at $145,054,000 after purchasing an additional 4,458,104 shares during the last quarter. Cidel Asset Management Inc. acquired a new position in shares of Barrick Gold in the 1st quarter valued at $845,000. Finally, Teacher Retirement System of Texas acquired a new position in shares of Barrick Gold in the 1st quarter valued at $1,727,000.
Shares of TSE:ABX traded up C$0.08 during mid-day trading on Wednesday, reaching C$16.87. 1,248,407 shares of the company were exchanged, compared to its average volume of 5,235,655. Barrick Gold Corp has a 1 year low of C$12.54 and a 1 year high of C$19.49. The company has a debt-to-equity ratio of 31.73, a quick ratio of 1.28 and a current ratio of 2.46. The stock has a market capitalization of $28.19 billion and a P/E ratio of -13.84.
The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be given a dividend of $0.054 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $0.22 annualized dividend and a dividend yield of 1.28%. Barrick Gold’s dividend payout ratio is currently -13.13%.
A number of analysts recently issued reports on the company. Haywood Securities raised their price objective on Barrick Gold from C$18.00 to C$19.00 in a research report on Thursday, February 14th. 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 report 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, Canaccord Genuity lowered their target price on shares of Barrick Gold from C$19.00 to C$18.00 in a research note on Tuesday, April 23rd.
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About Barrick Gold
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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