Barrick Gold Corp (ABX) Holdings Reduced by TD Asset Management Inc.

TD Asset Management Inc. reduced its position in Barrick Gold Corp (NYSE:ABX) (TSE:ABX) by 9.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 8,447,188 shares of the basic materials company’s stock after selling 868,323 shares during the period. TD Asset Management Inc.’s holdings in Barrick Gold were worth $93,386,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ABX. Alps Advisors Inc. grew its stake in shares of Barrick Gold by 0.8% during the 2nd quarter. Alps Advisors Inc. now owns 596,422 shares of the basic materials company’s stock valued at $7,831,000 after buying an additional 4,698 shares during the period. Wedbush Securities Inc. grew its stake in shares of Barrick Gold by 30.9% during the 2nd quarter. Wedbush Securities Inc. now owns 25,246 shares of the basic materials company’s stock valued at $331,000 after buying an additional 5,958 shares during the period. Rathbone Brothers plc grew its stake in shares of Barrick Gold by 15.0% during the 3rd quarter. Rathbone Brothers plc now owns 46,098 shares of the basic materials company’s stock valued at $510,000 after buying an additional 6,000 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in shares of Barrick Gold by 14.0% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 61,740 shares of the basic materials company’s stock valued at $811,000 after buying an additional 7,586 shares during the period. Finally, F&V Capital Management LLC purchased a new stake in shares of Barrick Gold during the 3rd quarter valued at $111,000. 52.08% of the stock is owned by hedge funds and other institutional investors.

NYSE:ABX opened at $13.21 on Tuesday. The company has a current ratio of 2.65, a quick ratio of 1.42 and a debt-to-equity ratio of 0.53. The firm has a market cap of $15.38 billion, a P/E ratio of 17.61, a price-to-earnings-growth ratio of 15.73 and a beta of -0.57. Barrick Gold Corp has a twelve month low of $9.53 and a twelve month high of $15.52.

Barrick Gold (NYSE:ABX) (TSE:ABX) last posted its earnings results on Wednesday, October 24th. The basic materials company reported $0.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.02. The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.80 billion. Barrick Gold had a negative net margin of 8.75% and a positive return on equity of 5.38%. The business’s quarterly revenue was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.16 EPS. Sell-side analysts forecast that Barrick Gold Corp will post 0.42 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Friday, November 30th will be issued a dividend of $0.03 per share. The ex-dividend date is Thursday, November 29th. This represents a $0.12 annualized dividend and a dividend yield of 0.91%. Barrick Gold’s payout ratio is 16.00%.

Several brokerages have recently issued reports on ABX. ValuEngine raised shares of Barrick Gold from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st. TD Securities boosted their price objective on shares of Barrick Gold from $15.00 to $15.50 and gave the company a “buy” rating in a research note on Wednesday, October 31st. Raymond James reissued a “market perform” rating and set a $15.00 price objective on shares of Barrick Gold in a research note on Friday, October 26th. UBS Group set a $15.00 price objective on shares of Barrick Gold and gave the company a “hold” rating in a research note on Monday, October 29th. Finally, Zacks Investment Research cut shares of Barrick Gold from a “hold” rating to a “sell” rating in a research note on Thursday, July 12th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the stock. Barrick Gold currently has a consensus rating of “Hold” and a consensus target price of $14.81.

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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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Institutional Ownership by Quarter for Barrick Gold (NYSE:ABX)

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