Orbis World Ltd. maintained its position in shares of Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,299,596 shares of the basic materials company’s stock at the end of the 2nd quarter. Barrick Gold Corporation accounts for about 29.7% of Orbis World Ltd.’s investment portfolio, making the stock its 2nd largest holding. Orbis World Ltd. owned about 0.45% of Barrick Gold Corporation worth $84,317,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of ABX. Highland Capital Management LLC raised its position in Barrick Gold Corporation by 0.3% in the 2nd quarter. Highland Capital Management LLC now owns 47,758 shares of the basic materials company’s stock worth $760,000 after purchasing an additional 130 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Barrick Gold Corporation by 0.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 24,308 shares of the basic materials company’s stock valued at $387,000 after buying an additional 143 shares during the period. BB&T Securities LLC boosted its position in shares of Barrick Gold Corporation by 1.0% during the second quarter. BB&T Securities LLC now owns 21,114 shares of the basic materials company’s stock valued at $335,000 after buying an additional 213 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Barrick Gold Corporation by 0.7% during the first quarter. PNC Financial Services Group Inc. now owns 47,015 shares of the basic materials company’s stock valued at $893,000 after buying an additional 328 shares during the period. Finally, M&T Bank Corp boosted its position in shares of Barrick Gold Corporation by 0.7% during the second quarter. M&T Bank Corp now owns 44,901 shares of the basic materials company’s stock valued at $713,000 after buying an additional 328 shares during the period. 55.66% of the stock is owned by institutional investors and hedge funds.

Shares of Barrick Gold Corporation (NYSE ABX) traded up 1.06% during trading on Tuesday, reaching $16.28. 4,562,170 shares of the company were exchanged. Barrick Gold Corporation has a 1-year low of $13.81 and a 1-year high of $20.78. The stock has a market capitalization of $18.98 billion, a P/E ratio of 8.06 and a beta of -0.33. The firm has a 50-day moving average price of $17.05 and a 200-day moving average price of $17.09.

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 the Zacks’ consensus estimate of $0.17 by $0.05. The company had revenue of $2.16 billion for 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%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.14 earnings per share. Equities research analysts predict that Barrick Gold Corporation will post $0.74 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.74%. The ex-dividend date was Tuesday, August 29th. Barrick Gold Corporation’s payout ratio is presently 5.94%.

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ABX has been the subject of a number of research analyst reports. Royal Bank Of Canada reissued an “outperform” rating on shares of Barrick Gold Corporation in a research note on Friday, August 18th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $21.00 price objective (down previously from $22.00) on shares of Barrick Gold Corporation in a research report on Sunday, June 25th. Credit Suisse Group reiterated a “buy” rating and issued a $22.00 target price on shares of Barrick Gold Corporation in a research note on Sunday, September 24th. BidaskClub upgraded Barrick Gold Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 24th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $24.00 target price on shares of Barrick Gold Corporation in a research note on Wednesday, June 21st. Ten equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Barrick Gold Corporation has a consensus rating of “Hold” and an average target price of $20.51.

Barrick Gold Corporation 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.

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

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