AT Bancorp cut its holdings in Barrick Gold Corp (NYSE:ABX) (TSE:ABX) by 15.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 69,975 shares of the basic materials company’s stock after selling 12,625 shares during the quarter. AT Bancorp’s holdings in Barrick Gold were worth $1,012,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the company. Ameriprise Financial Inc. raised its position in Barrick Gold by 28.2% in the second quarter. Ameriprise Financial Inc. now owns 58,507 shares of the basic materials company’s stock valued at $931,000 after purchasing an additional 12,852 shares during the period. New York State Common Retirement Fund purchased a new stake in Barrick Gold in the second quarter valued at $6,492,000. Northern Trust Corp raised its holdings in shares of Barrick Gold by 1.7% in the 2nd quarter. Northern Trust Corp now owns 1,104,583 shares of the basic materials company’s stock valued at $17,574,000 after buying an additional 18,232 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Barrick Gold by 10.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 982,975 shares of the basic materials company’s stock valued at $15,639,000 after buying an additional 91,913 shares during the period. Finally, Stifel Financial Corp raised its holdings in shares of Barrick Gold by 2.9% in the 2nd quarter. Stifel Financial Corp now owns 99,534 shares of the basic materials company’s stock valued at $1,582,000 after buying an additional 2,760 shares during the period. Institutional investors and hedge funds own 54.94% of the company’s stock.
Barrick Gold Corp (NYSE:ABX) opened at $13.22 on Wednesday. Barrick Gold Corp has a one year low of $12.60 and a one year high of $20.78. The firm has a market capitalization of $15,464.65, a P/E ratio of 7.11, a P/E/G ratio of 7.12 and a beta of -0.35. The company has a quick ratio of 1.56, a current ratio of 2.73 and a debt-to-equity ratio of 0.55.
Several equities research analysts have weighed in on ABX shares. TheStreet downgraded Barrick Gold from a “b-” rating to a “c” rating in a report on Thursday, October 26th. Berenberg Bank reaffirmed a “hold” rating on shares of Barrick Gold in a research report on Tuesday, October 24th. TD Securities upped their price objective on Barrick Gold from $17.00 to $17.50 and gave the stock a “hold” rating in a research report on Friday, January 12th. BMO Capital Markets set a $16.00 price objective on Barrick Gold and gave the stock a “hold” rating in a research report on Tuesday, December 19th. Finally, Royal Bank of Canada cut Barrick Gold from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $21.00 to $18.00 in a research report on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company’s stock. Barrick Gold has a consensus rating of “Hold” and a consensus target price of $18.41.
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Barrick Gold Company 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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