HL Financial Services LLC increased its position in Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) by 2.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 24,840 shares of the basic materials company’s stock after buying an additional 600 shares during the period. HL Financial Services LLC’s holdings in Barrick Gold Corporation were worth $395,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Barrick Gold Corporation by 9.9% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 5,608 shares of the basic materials company’s stock worth $106,000 after buying an additional 506 shares during the last quarter. FNY Managed Accounts LLC bought a new stake in shares of Barrick Gold Corporation during the first quarter worth $116,000. Gemmer Asset Management LLC bought a new stake in shares of Barrick Gold Corporation during the first quarter worth $155,000. Capital Innovations LLC bought a new stake in shares of Barrick Gold Corporation during the first quarter worth $253,000. Finally, F&V Capital Management LLC bought a new stake in shares of Barrick Gold Corporation during the second quarter worth $161,000. Institutional investors and hedge funds own 58.68% of the company’s stock.

Barrick Gold Corporation (ABX) opened at 16.72 on Tuesday. The company has a market capitalization of $19.50 billion, a price-to-earnings ratio of 8.28 and a beta of -0.23. The firm’s 50-day moving average price is $16.28 and its 200-day moving average price is $17.54. Barrick Gold Corporation has a 52 week low of $13.81 and a 52 week high of $21.62.

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 for the quarter, beating analysts’ consensus estimates of $0.17 by $0.05. The business had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.03 billion. Barrick Gold Corporation had a net margin of 26.95% and a return on equity of 8.91%. Barrick Gold Corporation’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.14 earnings per share. On average, equities analysts expect that Barrick Gold Corporation will post $0.73 earnings per share for the current year.

The business also recently declared 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. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Tuesday, August 29th. Barrick Gold Corporation’s dividend payout ratio is currently 5.94%.

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A number of equities analysts recently issued reports on ABX shares. TD Securities reissued a “hold” rating on shares of Barrick Gold Corporation in a report on Sunday, May 28th. BidaskClub raised Barrick Gold Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Zacks Investment Research raised Barrick Gold Corporation from a “sell” rating to a “hold” rating in a report on Friday, July 21st. Royal Bank Of Canada reissued a “buy” rating and issued a $21.00 price objective on shares of Barrick Gold Corporation in a report on Tuesday, June 13th. Finally, Barclays PLC reissued an “equal weight” rating and issued a $20.00 price objective (down from $22.00) on shares of Barrick Gold Corporation in a report on Thursday, June 1st. Ten analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Barrick Gold Corporation has a consensus rating of “Hold” and a consensus 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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Institutional Ownership by Quarter for Barrick Gold Corporation (NYSE:ABX)

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