American Century Companies Inc. lessened its position in Barrick Gold Corp (NYSE:ABX) (TSE:ABX) by 39.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,119,483 shares of the basic materials company’s stock after selling 1,407,645 shares during the period. American Century Companies Inc. owned 0.18% of Barrick Gold worth $30,669,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Shine Investment Advisory Services Inc. grew its holdings in Barrick Gold by 99.8% in the 4th quarter. Shine Investment Advisory Services Inc. now owns 9,648 shares of the basic materials company’s stock worth $140,000 after acquiring an additional 4,820 shares during the last quarter. Fruth Investment Management bought a new stake in Barrick Gold in the 4th quarter worth $150,000. Boothbay Fund Management LLC bought a new stake in Barrick Gold in the 3rd quarter worth $187,000. Van Hulzen Asset Management LLC bought a new stake in Barrick Gold in the 3rd quarter worth $209,000. Finally, Stuart Chaussee & Associates Inc. bought a new stake in Barrick Gold in the 4th quarter worth $219,000. 54.94% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have issued reports on the stock. Berenberg Bank reissued a “hold” rating on shares of Barrick Gold in a report on Tuesday, October 24th. Credit Suisse Group reissued a “hold” rating and issued a $19.00 price target on shares of Barrick Gold in a report on Thursday, January 18th. Zacks Investment Research lowered shares of Barrick Gold from a “hold” rating to a “sell” rating in a report on Tuesday, January 30th. BMO Capital Markets set a $15.00 price target on shares of Barrick Gold and gave the stock a “hold” rating in a report on Wednesday, February 7th. Finally, Royal Bank of Canada set a $21.00 price target on shares of Barrick Gold and gave the stock a “buy” rating in a report on Monday, October 30th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $18.41.
Shares of Barrick Gold Corp (ABX) opened at $13.22 on Wednesday. The firm has a market cap of $15,450.00, a PE ratio of 7.07, a PEG ratio of 7.08 and a beta of -0.35. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.56 and a current ratio of 2.73. Barrick Gold Corp has a 52 week low of $12.60 and a 52 week high of $20.78.
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Barrick Gold Profile
Barrick Gold Corporation (Barrick) is a gold mining company. The Company is principally engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company’s segments include Goldstrike, Cortez, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Acacia Mining plc (Acacia), Pascua-Lama and Other Mines.
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