Barrick Gold Corporation (USA) (ABX) : Edmond De Rothschild (suisse) S.a. scooped up 24,400 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 10, 2016. The investment management firm now holds a total of 125,180 shares of Barrick Gold Corporation (USA) which is valued at $2,722,665.Barrick Gold Corporation (USA) makes up approximately 0.87% of Edmond De Rothschild (suisse) S.a.’s portfolio.
Other Hedge Funds, Including , Peak6 Investments boosted its stake in ABX in the latest quarter, The investment management firm added 576,294 additional shares and now holds a total of 674,271 shares of Barrick Gold Corporation (USA) which is valued at $14,665,394. Barrick Gold Corporation (USA) makes up approx 0.89% of Peak6 Investments’s portfolio.Bnp Paribas Investment Partners S.a. reduced its stake in ABX by selling 10,446 shares or 3.94% in the most recent quarter. The Hedge Fund company now holds 254,728 shares of ABX which is valued at $5,537,787. Barrick Gold Corporation (USA) makes up approx 0.05% of Bnp Paribas Investment Partners S.a.’s portfolio. Exane Derivatives added ABX to its portfolio by purchasing 231,115 company shares during the most recent quarter which is valued at $5,181,598. Barrick Gold Corporation (USA) makes up approx 0.85% of Exane Derivatives’s portfolio. Moody Lynn Lieberson sold out all of its stake in ABX during the most recent quarter. The investment firm sold 388,225 shares of ABX which is valued $8,486,599.
Barrick Gold Corporation (USA) closed down -0.43 points or -2.04% at $20.61 with 91,03,215 shares getting traded on Friday. Post opening the session at $20.7, the shares hit an intraday low of $20.47 and an intraday high of $20.77 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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). Barrick Gold Corporation (USA) was Initiated by Morgan Stanley to “Equal-Weight” on Aug 9, 2016. 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 (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.