Barrick Gold Corporation (USA) (ABX) : Fox Run Management L.l.c. scooped up 31,200 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 Oct 12, 2016. The investment management firm now holds a total of 42,700 shares of Barrick Gold Corporation (USA) which is valued at $662,704.Barrick Gold Corporation (USA) makes up approximately 0.40% of Fox Run Management L.l.c.’s portfolio.
Other Hedge Funds, Including , Reilly Herbert Faulkner Iii reduced its stake in ABX by selling 69,432 shares or 24.1% in the most recent quarter. The Hedge Fund company now holds 218,667 shares of ABX which is valued at $3,406,832. Barrick Gold Corporation (USA) makes up approx 2.56% of Reilly Herbert Faulkner Iii’s portfolio.Centre Asset Management reduced its stake in ABX by selling 27,660 shares or 36.54% in the most recent quarter. The Hedge Fund company now holds 48,040 shares of ABX which is valued at $748,463. Barrick Gold Corporation (USA) makes up approx 0.14% of Centre Asset Management’s portfolio. Simplex Trading sold out all of its stake in ABX during the most recent quarter. The investment firm sold 42,199 shares of ABX which is valued $663,790.Bnp Paribas Arbitrage Sa boosted its stake in ABX in the latest quarter, The investment management firm added 330,100 additional shares and now holds a total of 1,703,580 shares of Barrick Gold Corporation (USA) which is valued at $27,223,208. Barrick Gold Corporation (USA) makes up approx 0.11% of Bnp Paribas Arbitrage Sa’s portfolio.
Barrick Gold Corporation (USA) closed down -0.06 points or -0.39% at $15.52 with 1,43,59,678 shares getting traded on Tuesday. Post opening the session at $15.63, the shares hit an intraday low of $15.42 and an intraday high of $15.89 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.
Many Wall Street Analysts have commented on Barrick Gold Corporation (USA). Barrick Gold Corporation (USA) was Initiated by Berenberg to “Sell” on Sep 7, 2016. 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 .
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.