Ziff Brothers Investments L.l.c. Lowers stake in Barrick Gold Corporation (USA) (ABX)

Barrick Gold Corporation (USA) (ABX) : Ziff Brothers Investments L.l.c. reduced its stake in Barrick Gold Corporation (USA) by 13.64% during the most recent quarter end. The investment management company now holds a total of 1,582,215 shares of Barrick Gold Corporation (USA) which is valued at $23,480,071 after selling 250,000 shares in Barrick Gold Corporation (USA) , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Barrick Gold Corporation (USA) makes up approximately 5.36% of Ziff Brothers Investments L.l.c.’s portfolio.

Other Hedge Funds, Including , Two Sigma Investments Lp boosted its stake in ABX in the latest quarter, The investment management firm added 250,444 additional shares and now holds a total of 2,706,767 shares of Barrick Gold Corporation (USA) which is valued at $39,627,069. Barrick Gold Corporation (USA) makes up approx 0.17% of Two Sigma Investments Lp’s portfolio.Laurion Capital Management Lp reduced its stake in ABX by selling 790,089 shares or 94.96% in the most recent quarter. The Hedge Fund company now holds 41,911 shares of ABX which is valued at $660,936. Barrick Gold Corporation (USA) makes up approx 0.02% of Laurion Capital Management Lp’s portfolio.Sg Americas Securities boosted its stake in ABX in the latest quarter, The investment management firm added 237,783 additional shares and now holds a total of 1,229,088 shares of Barrick Gold Corporation (USA) which is valued at $21,324,677. Barrick Gold Corporation (USA) makes up approx 0.26% of Sg Americas Securities’s portfolio.Stuyvesant Capital Management reduced its stake in ABX by selling 126,475 shares or 49.49% in the most recent quarter. The Hedge Fund company now holds 129,075 shares of ABX which is valued at $2,239,451. Barrick Gold Corporation (USA) makes up approx 5.40% of Stuyvesant Capital 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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