Allianz Asset Management GmbH grew its holdings in Barrick Gold Corp (NYSE:ABX) (TSE:ABX) by 40.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,538,258 shares of the basic materials company’s stock after acquiring an additional 442,264 shares during the period. Allianz Asset Management GmbH owned 0.13% of Barrick Gold worth $24,698,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ABX. First Eagle Investment Management LLC increased its stake in shares of Barrick Gold by 1.6% in the third quarter. First Eagle Investment Management LLC now owns 35,354,891 shares of the basic materials company’s stock worth $568,860,000 after purchasing an additional 546,654 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Barrick Gold by 41.7% in the second quarter. Franklin Resources Inc. now owns 34,981,711 shares of the basic materials company’s stock worth $556,558,000 after purchasing an additional 10,291,973 shares in the last quarter. Flossbach Von Storch AG increased its stake in shares of Barrick Gold by 8.1% in 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 in the last quarter. Vanguard Group Inc. increased its stake in shares of Barrick Gold by 4.5% in the second quarter. Vanguard Group Inc. now owns 27,435,727 shares of the basic materials company’s stock worth $436,503,000 after purchasing an additional 1,190,761 shares in the last quarter. Finally, TD Asset Management Inc. increased its stake in shares of Barrick Gold by 2.7% in the third quarter. TD Asset Management Inc. now owns 10,973,196 shares of the basic materials company’s stock worth $176,181,000 after purchasing an additional 283,770 shares in the last quarter. Institutional investors and hedge funds own 55.72% of the company’s stock.

ABX has been the subject of several research analyst reports. TD Securities set a $20.00 target price on shares of Barrick Gold and gave the company a “hold” rating in a research note on Thursday, October 12th. Jefferies Group set a $20.00 target price on shares of Barrick Gold and gave the company a “buy” rating in a research note on Thursday, October 19th. Citigroup reaffirmed a “buy” rating on shares of Barrick Gold in a research note on Wednesday, September 6th. Royal Bank Of Canada set a $21.00 target price on shares of Barrick Gold and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Finally, Credit Suisse Group cut shares of Barrick Gold from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $22.00 to $19.00 in a research note on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $18.69.

Shares of Barrick Gold Corp (ABX) opened at $13.65 on Monday. The stock has a market cap of $15,912.82, a PE ratio of 18.45, a PEG ratio of 9.04 and a beta of -0.42. The company has a quick ratio of 1.56, a current ratio of 2.73 and a debt-to-equity ratio of 0.55. Barrick Gold Corp has a twelve month low of $13.28 and a twelve month high of $20.78.

Barrick Gold (NYSE:ABX) (TSE:ABX) last announced its quarterly earnings data on Wednesday, October 25th. The basic materials company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). Barrick Gold had a net margin of 25.72% and a return on equity of 7.73%. The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter in the previous year, the business earned $0.24 EPS. The company’s quarterly revenue was down 15.8% compared to the same quarter last year. research analysts expect that Barrick Gold Corp will post 0.76 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be issued a dividend of $0.03 per share. The ex-dividend date is Wednesday, November 29th. This represents a $0.12 dividend on an annualized basis and a yield of 0.88%. Barrick Gold’s payout ratio is 6.45%.

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Barrick Gold Company 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.

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

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