Scotia Capital Inc. decreased its stake in Barrick Gold Corp (NYSE:ABX) (TSE:ABX) by 8.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 301,203 shares of the basic materials company’s stock after selling 27,453 shares during the quarter. Scotia Capital Inc.’s holdings in Barrick Gold were worth $4,349,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Stephens Inc. AR increased its position in Barrick Gold by 13.2% in the fourth quarter. Stephens Inc. AR now owns 34,715 shares of the basic materials company’s stock worth $502,000 after buying an additional 4,038 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Barrick Gold by 5.6% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 80,756 shares of the basic materials company’s stock worth $1,299,000 after buying an additional 4,300 shares in the last quarter. Shine Investment Advisory Services Inc. increased its position in Barrick Gold by 99.8% in the fourth quarter. Shine Investment Advisory Services Inc. now owns 9,648 shares of the basic materials company’s stock worth $140,000 after buying an additional 4,820 shares in the last quarter. Point View Wealth Management Inc. increased its position in Barrick Gold by 6.8% in the fourth quarter. Point View Wealth Management Inc. now owns 83,851 shares of the basic materials company’s stock worth $1,213,000 after buying an additional 5,308 shares in the last quarter. Finally, DORCHESTER WEALTH MANAGEMENT Co increased its position in Barrick Gold by 12.7% in the fourth quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 53,281 shares of the basic materials company’s stock worth $772,000 after buying an additional 5,985 shares in the last quarter. Institutional investors and hedge funds own 52.88% of the company’s stock.
A number of analysts have commented on ABX shares. Jefferies Group set a $17.00 price target on Barrick Gold and gave the stock a “buy” rating in a research report on Thursday, February 15th. Zacks Investment Research upgraded Barrick Gold from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Monday, January 8th. Morgan Stanley cut their target price on Barrick Gold from $16.00 to $15.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 28th. BMO Capital Markets set a $16.00 target price on Barrick Gold and gave the stock a “hold” rating in a research report on Tuesday, December 19th. Finally, Desjardins reiterated a “hold” rating on shares of Barrick Gold in a research report on Monday, December 11th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $17.26.
Shares of Barrick Gold Corp (NYSE ABX) traded up $0.14 during trading on Wednesday, reaching $12.32. The company had a trading volume of 10,434,012 shares, compared to its average volume of 15,080,000. Barrick Gold Corp has a 52 week low of $11.07 and a 52 week high of $20.36. The company has a market capitalization of $14,390.00, a price-to-earnings ratio of 13.11, a PEG ratio of 6.94 and a beta of -0.12. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.60 and a current ratio of 2.68.
Barrick Gold (NYSE:ABX) (TSE:ABX) last announced its quarterly earnings results on Wednesday, February 14th. The basic materials company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. Barrick Gold had a return on equity of 7.59% and a net margin of 17.17%. The company had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same period in the prior year, the company earned $0.22 earnings per share. The firm’s revenue was down 3.9% on a year-over-year basis. sell-side analysts predict that Barrick Gold Corp will post 0.87 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Tuesday, February 27th. Barrick Gold’s payout ratio is presently 12.77%.
COPYRIGHT VIOLATION NOTICE: “Scotia Capital Inc. Has $4.35 Million Stake in Barrick Gold Corp (ABX)” was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another site, it was copied illegally and republished in violation of US and international copyright & trademark laws. The correct version of this article can be read at https://ledgergazette.com/2018/03/14/barrick-gold-corp-abx-shares-sold-by-scotia-capital-inc.html.
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.
Receive News & Ratings for Barrick Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barrick Gold and related companies with MarketBeat.com's FREE daily email newsletter.