West Family Investments Inc. maintained its position in shares of Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) during the second quarter, Holdings Channel reports. The firm owned 582,197 shares of the basic materials company’s stock at the end of the second quarter. Barrick Gold Corporation accounts for about 2.0% of West Family Investments Inc.’s portfolio, making the stock its 13th largest position. West Family Investments Inc.’s holdings in Barrick Gold Corporation were worth $9,263,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of ABX. Capstone Asset Management Co. raised its position in shares of Barrick Gold Corporation by 2.0% in the first quarter. Capstone Asset Management Co. now owns 72,065 shares of the basic materials company’s stock worth $1,369,000 after buying an additional 1,420 shares during the period. Bennicas & Associates Inc. raised its position in shares of Barrick Gold Corporation by 4.3% in the first quarter. Bennicas & Associates Inc. now owns 24,450 shares of the basic materials company’s stock worth $464,000 after buying an additional 1,000 shares during the period. Gemmer Asset Management LLC bought a new position in shares of Barrick Gold Corporation during the first quarter worth approximately $155,000. Sanders Morris Harris Inc. raised its position in shares of Barrick Gold Corporation by 9.0% in the first quarter. Sanders Morris Harris Inc. now owns 146,000 shares of the basic materials company’s stock worth $2,773,000 after buying an additional 12,000 shares during the period. Finally, Hexavest Inc. raised its position in shares of Barrick Gold Corporation by 954.7% in the first quarter. Hexavest Inc. now owns 1,073,362 shares of the basic materials company’s stock worth $20,375,000 after buying an additional 971,590 shares during the period. 58.68% of the stock is currently owned by institutional investors and hedge funds.

Shares of Barrick Gold Corporation (ABX) opened at 16.55 on Wednesday. The stock’s 50 day moving average is $16.28 and its 200 day moving average is $17.53. The firm has a market capitalization of $19.30 billion, a P/E ratio of 8.19 and a beta of -0.23. Barrick Gold Corporation has a 1-year low of $13.81 and a 1-year high of $21.19.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Tuesday, August 29th. Barrick Gold Corporation’s dividend payout ratio (DPR) is 5.94%.

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Several equities analysts recently issued reports on the stock. 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. TD Securities reissued a “hold” rating and set a $20.00 price objective on shares of Barrick Gold Corporation in a report on Tuesday, April 25th. Scotiabank reissued a “sector perform” rating and set a $22.50 price objective on shares of Barrick Gold Corporation in a report on Tuesday, April 25th. Royal Bank Of Canada reissued a “buy” rating and set a $23.00 price objective on shares of Barrick Gold Corporation in a report on Wednesday, May 24th. Finally, 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. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Barrick Gold Corporation presently 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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Institutional Ownership by Quarter for Barrick Gold Corporation (NYSE:ABX)

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