Barrick Gold Corporation (USA) (ABX) : Arlington Capital Management scooped up 33,608 additional shares in Barrick Gold Corporation (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 759,106 shares of Barrick Gold Corporation (USA) which is valued at $17,019,157.Barrick Gold Corporation (USA) makes up approximately 8.75% of Arlington Capital Management’s portfolio.
Other Hedge Funds, Including , Wedbush Securities Inc reduced its stake in ABX by selling 2,526 shares or 18.99% in the most recent quarter. The Hedge Fund company now holds 10,775 shares of ABX which is valued at $241,576. Barrick Gold Corporation (USA) makes up approx 0.04% of Wedbush Securities Inc’s portfolio.Advisory Services Network reduced its stake in ABX by selling 1,000 shares or 70.42% in the most recent quarter. The Hedge Fund company now holds 420 shares of ABX which is valued at $8,967.Acadian Asset Management reduced its stake in ABX by selling 165,100 shares or 93.49% in the most recent quarter. The Hedge Fund company now holds 11,500 shares of ABX which is valued at $228,965.Nn Investment Partners Holdings N.v. boosted its stake in ABX in the latest quarter, The investment management firm added 21,383 additional shares and now holds a total of 56,489 shares of Barrick Gold Corporation (USA) which is valued at $1,190,788. Barrick Gold Corporation (USA) makes up approx 0.01% of Nn Investment Partners Holdings N.v.’s portfolio.
Barrick Gold Corporation (USA) opened for trading at $21.16 and hit $21.8 on the upside on Monday, eventually ending the session at $21.42, with a gain of 0.85% or 0.18 points. The heightened volatility saw the trading volume jump to 1,22,17,655 shares. Company has a market cap of $24,961 M.
On the company’s financial health, Barrick Gold Corporation (USA) reported $0.14 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $0.15. The company had revenue of $2012.00 million for the quarter, compared to analysts expectations of $2073.46 million. The company’s revenue was down -9.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.01 EPS.
Investors should note that on Jul 27, 2016, Barrick Gold Corporation (USA) announced a cash dividend of $0.0200. The company’s management has announced Aug 29, 2016 as the ex-dividend date and fixed the record date on Aug 31, 2016. The payable date has been fixed on Sep 15, 2016.
Many Wall Street Analysts have commented on Barrick Gold Corporation (USA). Company shares were Reiterated by Barclays on Aug 8, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 22 from a previous price target of $14 .Citigroup Initiated Barrick Gold Corporation (USA) on Aug 2, 2016 to “Buy”, Price Target of the shares are set at $29.Barrick Gold Corporation (USA) was Upgraded by Jefferies to ” Buy” on Jul 14, 2016.
Barrick Gold Corporation (Barrick) is a gold mining company. The Company is engaged in the production and sale of gold and copper as well as related activities such as exploration and mine development. The Company operates in segments: eight individual gold mines Acacia and Pascua-Lama project. The remaining operating segments have been grouped into two other categories: its remaining gold mines and its two copper mines. The Company sells its production in the world market through the distribution channels: gold bullion is sold in the gold spot market; gold and copper concentrate is sold to independent smelting companies and copper cathode is sold to various manufacturers and traders. The Company has 14 producing gold mines located in Canada the United States Peru Argentina Australia the Dominican Republic and Papua New Guinea. It also holds a 63.9% equity interest in Acacia Mining plc (Acacia) that owns gold mines and exploration properties in Africa.