Two Sigma Advisers LP grew its position in shares of Barrick Gold (NYSE:ABX) (TSE:ABX) by 98.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,898,145 shares of the basic materials company’s stock after purchasing an additional 1,938,270 shares during the quarter. Two Sigma Advisers LP owned approximately 0.33% of Barrick Gold worth $56,418,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Shine Investment Advisory Services Inc. boosted its stake in shares of Barrick Gold by 99.8% during the fourth quarter. Shine Investment Advisory Services Inc. now owns 9,648 shares of the basic materials company’s stock valued at $140,000 after purchasing an additional 4,820 shares in the last quarter. HRT Financial LLC acquired a new stake in shares of Barrick Gold during the fourth quarter valued at about $146,000. Fruth Investment Management acquired a new stake in shares of Barrick Gold during the fourth quarter valued at about $150,000. Boothbay Fund Management LLC acquired a new stake in shares of Barrick Gold during the third quarter valued at about $187,000. Finally, Van Hulzen Asset Management LLC acquired a new stake in shares of Barrick Gold during the third quarter valued at about $209,000. 52.89% of the stock is currently owned by hedge funds and other institutional investors.
Shares of ABX opened at $12.69 on Friday. Barrick Gold has a 52-week low of $11.07 and a 52-week high of $20.36. The company has a current ratio of 2.68, a quick ratio of 1.60 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $14,609.50, a price-to-earnings ratio of 16.92, a price-to-earnings-growth ratio of 7.42 and a beta of -0.17.
Barrick Gold (NYSE:ABX) (TSE:ABX) last issued its quarterly earnings results on Wednesday, February 14th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.02. Barrick Gold had a return on equity of 7.59% and a net margin of 17.17%. The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same period in the previous year, the firm earned $0.22 earnings per share. The company’s revenue was down 3.9% compared to the same quarter last year. equities analysts predict that Barrick Gold will post 0.84 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.95%. The ex-dividend date was Tuesday, February 27th. Barrick Gold’s dividend payout ratio (DPR) is presently 16.00%.
A number of brokerages have recently commented on ABX. Credit Suisse Group reissued a “hold” rating and set a $19.00 price target on shares of Barrick Gold in a research note on Thursday, January 18th. BMO Capital Markets set a $15.00 price target on Barrick Gold and gave the company a “hold” rating in a research note on Wednesday, February 7th. Desjardins reissued a “hold” rating on shares of Barrick Gold in a research note on Monday, December 11th. Zacks Investment Research lowered Barrick Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, January 16th. Finally, Scotiabank cut their price objective on Barrick Gold from $19.50 to $16.50 and set a “sector perform” rating on the stock in a research note on Wednesday, February 28th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $16.80.
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Barrick Gold Profile
Barrick Gold Corporation engages in the exploration and development of mineral properties. It primarily explores for gold and copper deposits. The company holds a 50% interest in the Veladero mine located in the San Juan Province of Argentina; 50% interest in the KCGM, a gold mine located in Australia; 95% interest in Porgera, a gold mine located in Papua New Guinea; 50% interest in the Zaldívar, a copper mine located in Chile; and 50% interest in the Jabal Sayid, a copper mine located in Saudi Arabia.
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