Group One Trading buys $37,503,669 stake in Barrick Gold Corporation (USA) (ABX)

Barrick Gold Corporation (USA) (ABX) : Group One Trading scooped up 413,447 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 Nov 14, 2016. The investment management firm now holds a total of 2,561,726 shares of Barrick Gold Corporation (USA) which is valued at $37,503,669.Barrick Gold Corporation (USA) makes up approximately 2.88% of Group One Trading’s portfolio.

Other Hedge Funds, Including , Boston Partners reduced its stake in ABX by selling 2,728,841 shares or 19.07% in the most recent quarter. The Hedge Fund company now holds 11,577,117 shares of ABX which is valued at $199,705,268. Barrick Gold Corporation (USA) makes up approx 0.28% of Boston Partners’s portfolio. Lucus Advisors added ABX to its portfolio by purchasing 21,837 company shares during the most recent quarter which is valued at $398,962. Barrick Gold Corporation (USA) makes up approx 0.39% of Lucus Advisors’s portfolio. Brick Kyle Associates sold out all of its stake in ABX during the most recent quarter. The investment firm sold 40 shares of ABX which is valued $683.Concannon Wealth Management reduced its stake in ABX by selling 3,000 shares or 23.08% in the most recent quarter. The Hedge Fund company now holds 10,000 shares of ABX which is valued at $170,800. Barrick Gold Corporation (USA) makes up approx 0.19% of Concannon Wealth Management’s portfolio.

Barrick Gold Corporation (USA) closed down -0.07 points or -0.46% at $15.29 with 1,45,52,728 shares getting traded on Monday. Post opening the session at $15.18, the shares hit an intraday low of $14.94 and an intraday high of $15.36 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Barrick Gold Corporation (USA) reported $0.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Oct 26, 2016. Analyst had a consensus of $0.20. The company had revenue of $2300.00 million for the quarter, compared to analysts expectations of $2233.59 million. The company’s revenue was down -.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.11 EPS.

Investors should note that on Oct 26, 2016, Barrick Gold Corporation (USA) announced a cash dividend of $0.0200. The company’s management has announced Nov 28, 2016 as the ex-dividend date and fixed the record date on Nov 30, 2016. The payable date has been fixed on Dec 15, 2016.

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 (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.

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