Voya Investment Management LLC held its position in shares of Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 137,763 shares of the basic materials company’s stock at the end of the second quarter. Voya Investment Management LLC’s holdings in Barrick Gold Corporation were worth $2,192,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of ABX. BlackRock Inc. grew its position in Barrick Gold Corporation by 40,554.0% during 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 in the last quarter. Flossbach Von Storch AG grew its position in Barrick Gold Corporation by 104.8% during 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 in the last quarter. Franklin Resources Inc. grew its position in Barrick Gold Corporation by 41.7% during the second quarter. Franklin Resources Inc. now owns 34,981,711 shares of the basic materials company’s stock worth $556,558,000 after buying an additional 10,291,973 shares in the last quarter. Majedie Asset Management Ltd grew its position in Barrick Gold Corporation by 7.8% during the second quarter. Majedie Asset Management Ltd now owns 18,856,140 shares of the basic materials company’s stock worth $300,001,000 after buying an additional 1,360,514 shares in the last quarter. Finally, APG Asset Management N.V. grew its position in Barrick Gold Corporation by 13.8% during the second quarter. APG Asset Management N.V. now owns 10,218,045 shares of the basic materials company’s stock worth $210,798,000 after buying an additional 1,236,360 shares in the last quarter. Institutional investors and hedge funds own 55.68% of the company’s stock.

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Several research firms recently commented on ABX. Royal Bank Of Canada restated a “buy” rating and set a $21.00 target price on shares of Barrick Gold Corporation in a research report on Tuesday, July 18th. Jefferies Group LLC set a $20.00 target price on Barrick Gold Corporation and gave the stock a “buy” rating in a research report on Tuesday, August 15th. TD Securities restated a “hold” rating on shares of Barrick Gold Corporation in a research report on Tuesday, June 27th. Zacks Investment Research cut Barrick Gold Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Finally, BidaskClub upgraded Barrick Gold Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $20.15.

Shares of Barrick Gold Corporation (NYSE ABX) opened at 16.22 on Wednesday. The company has a market cap of $18.91 billion, a price-to-earnings ratio of 8.03 and a beta of -0.34. Barrick Gold Corporation has a 1-year low of $13.81 and a 1-year high of $20.78. The stock has a 50 day moving average price of $16.98 and a 200-day moving average price of $16.92.

Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) last released its quarterly earnings results on Wednesday, July 26th. The basic materials company reported $0.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.05. The company had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.03 billion. Barrick Gold Corporation had a return on equity of 8.91% and a net margin of 26.95%. The firm’s revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the business posted $0.14 earnings per share. Equities research analysts forecast that Barrick Gold Corporation will post $0.75 earnings per share for the current year.

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.

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

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