Scheer Rowlett & Associates Investment Management Ltd. trimmed its holdings in Barrick Gold Corp (NYSE:ABX) (TSE:ABX) by 30.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,969,225 shares of the basic materials company’s stock after selling 866,253 shares during the quarter. Barrick Gold comprises 1.4% of Scheer Rowlett & Associates Investment Management Ltd.’s portfolio, making the stock its 23rd biggest holding. Scheer Rowlett & Associates Investment Management Ltd.’s holdings in Barrick Gold were worth $21,770,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of ABX. Ruffer LLP boosted its position in shares of Barrick Gold by 399.8% in the third quarter. Ruffer LLP now owns 17,512,029 shares of the basic materials company’s stock valued at $194,118,000 after acquiring an additional 14,008,215 shares during the period. BlackRock Inc. boosted its position in shares of Barrick Gold by 291.7% in the third quarter. BlackRock Inc. now owns 13,090,324 shares of the basic materials company’s stock valued at $145,041,000 after acquiring an additional 9,748,052 shares during the period. Ashler Capital LLC boosted its position in shares of Barrick Gold by 78.2% in the second quarter. Ashler Capital LLC now owns 18,297,749 shares of the basic materials company’s stock valued at $240,249,000 after acquiring an additional 8,030,578 shares during the period. Flossbach Von Storch AG boosted its position in shares of Barrick Gold by 12.2% in the third quarter. Flossbach Von Storch AG now owns 54,318,684 shares of the basic materials company’s stock valued at $601,857,000 after acquiring an additional 5,921,550 shares during the period. Finally, Toronto Dominion Bank boosted its position in shares of Barrick Gold by 144.4% in the second quarter. Toronto Dominion Bank now owns 7,729,036 shares of the basic materials company’s stock valued at $103,335,000 after acquiring an additional 4,567,102 shares during the period. 56.73% of the stock is owned by institutional investors.

Several equities research analysts have recently weighed in on ABX shares. Citigroup raised Barrick Gold from a “sell” rating to a “neutral” rating and set a $11.00 price objective for the company in a research report on Tuesday, August 28th. Royal Bank of Canada increased their price objective on Barrick Gold from $14.00 to $16.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 24th. Macquarie cut Barrick Gold from an “outperform” rating to a “neutral” rating in a research report on Monday, October 22nd. They noted that the move was a valuation call. Zacks Investment Research cut Barrick Gold from a “hold” rating to a “sell” rating in a research report on Tuesday, September 25th. Finally, ValuEngine raised Barrick Gold from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 2nd. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $14.96.

ABX stock traded up $0.16 during midday trading on Thursday, hitting $13.29. The stock had a trading volume of 355,478 shares, compared to its average volume of 13,226,292. The stock has a market cap of $15.33 billion, a P/E ratio of 17.57, a price-to-earnings-growth ratio of 15.49 and a beta of -0.50. Barrick Gold Corp has a 52 week low of $9.53 and a 52 week high of $15.52. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.65 and a quick ratio of 1.42.

Barrick Gold (NYSE:ABX) (TSE:ABX) last issued its earnings results on Wednesday, October 24th. The basic materials company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.06 by $0.02. The firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Barrick Gold had a positive return on equity of 5.38% and a negative net margin of 8.75%. Barrick Gold’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same period last year, the business earned $0.16 earnings per share. Equities research analysts anticipate that Barrick Gold Corp will post 0.42 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Friday, November 30th will be given a $0.03 dividend. The ex-dividend date is Thursday, November 29th. This represents a $0.12 annualized dividend and a yield of 0.90%. Barrick Gold’s dividend payout ratio (DPR) is currently 16.00%.

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Barrick Gold Company Profile

Barrick Gold Corporation engages in the exploration and development of mineral properties. It primarily explores for gold and copper deposits. The company holds a 50% interest in the Veladero mine located in the San Juan Province of Argentina; 50% interest in the KCGM, a gold mine located in Australia; 95% interest in Porgera, a 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, a copper mine located in Saudi Arabia.

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

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