Palisade Asset Management LLC held its stake in shares of Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,150 shares of the basic materials company’s stock at the end of the second quarter. Palisade Asset Management LLC’s holdings in Barrick Gold Corporation were worth $161,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. BlackRock Inc. raised its stake in shares of Barrick Gold Corporation by 40,554.0% in the first quarter. BlackRock Inc. now owns 23,482,163 shares of the basic materials company’s stock worth $445,925,000 after buying an additional 23,424,402 shares during the last quarter. Flossbach Von Storch AG raised its stake in shares of Barrick Gold Corporation by 104.8% in the second quarter. Flossbach Von Storch AG now owns 26,529,688 shares of the basic materials company’s stock worth $422,088,000 after buying an additional 13,576,086 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Barrick Gold Corporation by 253,067.4% in the first quarter. Legal & General Group Plc now owns 5,124,109 shares of the basic materials company’s stock worth $97,047,000 after buying an additional 5,122,085 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Barrick Gold Corporation by 5.5% in the first quarter. Van ECK Associates Corp now owns 74,763,721 shares of the basic materials company’s stock worth $1,419,763,000 after buying an additional 3,877,115 shares during the last quarter. Finally, FMR LLC raised its stake in shares of Barrick Gold Corporation by 13.7% in the first quarter. FMR LLC now owns 18,633,462 shares of the basic materials company’s stock worth $353,936,000 after buying an additional 2,241,822 shares during the last quarter. Institutional investors own 58.87% of the company’s stock.

Barrick Gold Corporation (ABX) opened at 17.07 on Friday. The stock has a market cap of $19.90 billion, a P/E ratio of 8.45 and a beta of -0.23. Barrick Gold Corporation has a 12 month low of $13.81 and a 12 month high of $22.19. The stock has a 50 day moving average of $16.24 and a 200-day moving average of $17.56. Barrick Gold Corporation also was the recipient of some unusual options trading activity on Wednesday. Stock investors acquired 19,089 call options on the stock. This is an increase of approximately 106% compared to the typical daily volume of 9,246 call options.

Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) last issued its earnings results on Wednesday, July 26th. The basic materials company reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.05. The firm had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.03 billion. Barrick Gold Corporation had a net margin of 26.95% and a return on equity of 8.91%. The firm’s revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.14 earnings per share. On average, equities analysts forecast that Barrick Gold Corporation will post $0.73 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be issued a $0.03 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $0.12 annualized dividend and a yield of 0.70%. Barrick Gold Corporation’s dividend payout ratio (DPR) is 5.94%.

TRADEMARK VIOLATION NOTICE: This article was first posted by Watch List News and is the property of of Watch List News. If you are accessing this article on another site, it was illegally copied and reposted in violation of United States and international copyright legislation. The legal version of this article can be read at https://www.watchlistnews.com/barrick-gold-corporation-abx-position-held-by-palisade-asset-management-llc/1471503.html.

A number of equities research analysts recently weighed in on ABX shares. Scotiabank reiterated a “sector perform” rating and set a $22.50 price objective on shares of Barrick Gold Corporation in a report on Tuesday, April 25th. BidaskClub lowered shares of Barrick Gold Corporation from a “hold” rating to a “sell” rating in a report on Saturday, July 1st. Deutsche Bank AG reiterated a “buy” rating and set a $21.00 price objective (down previously from $22.00) on shares of Barrick Gold Corporation in a report on Sunday, June 25th. Berenberg Bank set a $15.00 price objective on shares of Barrick Gold Corporation and gave the company a “sell” rating in a report on Saturday, May 27th. Finally, Jefferies Group LLC lifted their price objective on shares of Barrick Gold Corporation from $21.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday, April 19th. Ten analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Barrick Gold Corporation currently has a consensus rating of “Hold” and a consensus price target of $20.59.

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.

Want to see what other hedge funds are holding ABX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Barrick Gold Corporation (NYSE:ABX) (TSE:ABX).

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

Receive News & Ratings for Barrick Gold Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barrick Gold Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.