Two Sigma Securities LLC Lowers Position in Barrick Gold Corporation (ABX)

Two Sigma Securities LLC decreased its stake in shares of Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) by 84.9% during the first quarter, Holdings Channel reports. The fund owned 22,267 shares of the basic materials company’s stock after selling 124,863 shares during the period. Two Sigma Securities LLC’s holdings in Barrick Gold Corporation were worth $423,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. M&T Bank Corp boosted its position in shares of Barrick Gold Corporation by 0.4% in the first quarter. M&T Bank Corp now owns 44,573 shares of the basic materials company’s stock worth $848,000 after buying an additional 158 shares during the last quarter. Usca Ria LLC boosted its position in shares of Barrick Gold Corporation by 0.9% in the first quarter. Usca Ria LLC now owns 24,389 shares of the basic materials company’s stock worth $463,000 after buying an additional 228 shares during the last quarter. Meridian Investment Counsel Inc. boosted its position in shares of Barrick Gold Corporation by 0.5% in the first quarter. Meridian Investment Counsel Inc. now owns 64,803 shares of the basic materials company’s stock worth $1,231,000 after buying an additional 300 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Barrick Gold Corporation by 0.7% in the first quarter. PNC Financial Services Group Inc. now owns 47,015 shares of the basic materials company’s stock worth $893,000 after buying an additional 328 shares during the last quarter. Finally, Boston Financial Mangement LLC boosted its position in shares of Barrick Gold Corporation by 2.3% in the first quarter. Boston Financial Mangement LLC now owns 22,100 shares of the basic materials company’s stock worth $420,000 after buying an additional 500 shares during the last quarter. 58.30% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Barrick Gold Corporation (NYSE:ABX)

Shares of Barrick Gold Corporation (ABX) traded up 0.32% on Friday, hitting $15.69. 12,687,702 shares of the stock were exchanged. The stock has a market cap of $18.29 billion, a PE ratio of 12.97 and a beta of -0.27. The company’s 50 day moving average is $16.48 and its 200-day moving average is $17.46. Barrick Gold Corporation has a 52-week low of $13.81 and a 52-week high of $23.47.

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 return on equity of 8.34% and a net margin of 16.44%. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same period in the previous year, the business posted $0.11 EPS. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. Analysts predict that Barrick Gold Corporation will post $0.73 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st were issued a dividend of $0.03 per share. The ex-dividend date was Friday, May 26th. This represents a $0.12 dividend on an annualized basis and a yield of 0.76%. Barrick Gold Corporation’s payout ratio is currently 9.92%.

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ABX has been the subject of a number of recent research reports. TheStreet raised shares of Barrick Gold Corporation from a “c” rating to a “b-” rating in a research note on Thursday, February 23rd. Vetr raised shares of Barrick Gold Corporation from a “hold” rating to a “buy” rating and set a $18.99 price target for the company in a research note on Thursday, March 2nd. Jefferies Group LLC reaffirmed a “buy” rating and set a $21.00 price target on shares of Barrick Gold Corporation in a research note on Thursday, April 6th. BMO Capital Markets reaffirmed a “buy” rating on shares of Barrick Gold Corporation in a research note on Friday, March 31st. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $23.00 price target on shares of Barrick Gold Corporation in a research note on Wednesday, May 24th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $22.50.

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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