Fiera Capital Corp Sells 2,438,753 Shares of Barrick Gold Corporation (ABX)
Fiera Capital Corp trimmed its holdings in Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) by 97.7% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 58,191 shares of the basic materials company’s stock after selling 2,438,753 shares during the quarter. Fiera Capital Corp’s holdings in Barrick Gold Corporation were worth $924,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in ABX. Advisors Asset Management Inc. lifted its holdings in shares of Barrick Gold Corporation by 116.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 6,588 shares of the basic materials company’s stock worth $105,000 after acquiring an additional 3,543 shares during the last quarter. FNY Managed Accounts LLC bought a new stake in shares of Barrick Gold Corporation in the 1st quarter worth approximately $116,000. FNY Partners Fund LP bought a new stake in shares of Barrick Gold Corporation in the 2nd quarter worth approximately $159,000. F&V Capital Management LLC bought a new stake in shares of Barrick Gold Corporation in the 2nd quarter worth approximately $161,000. Finally, Neuberger Berman Group LLC bought a new stake in shares of Barrick Gold Corporation in the 2nd quarter worth approximately $161,000. Hedge funds and other institutional investors own 55.65% of the company’s stock.
Barrick Gold Corporation (ABX) opened at 16.90 on Wednesday. The stock has a market capitalization of $19.71 billion, a P/E ratio of 8.37 and a beta of -0.29. The firm’s 50-day moving average is $17.20 and its 200-day moving average is $17.21. Barrick Gold Corporation has a 12 month low of $13.81 and a 12 month high of $20.78. Barrick Gold Corporation also saw unusually large options trading on Monday. Stock investors purchased 18,056 call options on the company. This represents an increase of 116% compared to the average daily volume of 8,376 call options.
Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) last issued its quarterly earnings results on Wednesday, July 26th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.05. The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.03 billion. Barrick Gold Corporation had a return on equity of 8.91% and a net margin of 26.95%. Barrick Gold Corporation’s revenue was up 7.4% on a year-over-year basis. During the same period last year, the company earned $0.14 earnings per share. On average, equities analysts expect that Barrick Gold Corporation will post $0.74 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 31st were given a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $0.12 dividend on an annualized basis and a yield of 0.71%. Barrick Gold Corporation’s dividend payout ratio is presently 5.94%.
ABX has been the subject of a number of recent research reports. BidaskClub upgraded shares of Barrick Gold Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 31st. TD Securities restated a “hold” rating on shares of Barrick Gold Corporation in a report on Tuesday, June 27th. Royal Bank Of Canada restated a “buy” rating and issued a $21.00 price objective on shares of Barrick Gold Corporation in a report on Tuesday, July 18th. Deutsche Bank AG restated a “buy” rating and issued a $21.00 price objective (down from $22.00) on shares of Barrick Gold Corporation in a report on Sunday, June 25th. Finally, Citigroup Inc. restated a “buy” rating on shares of Barrick Gold Corporation in a report on Wednesday, September 6th. Ten equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $20.59.
Barrick Gold Corporation 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.
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