Jupiter Asset Management Ltd. Purchases 150,000 Shares of Barrick Gold Corp (NYSE:ABX)

Jupiter Asset Management Ltd. lifted its stake in Barrick Gold Corp (NYSE:ABX) (TSE:ABX) by 5.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,165,000 shares of the basic materials company’s stock after buying an additional 150,000 shares during the period. Barrick Gold makes up approximately 1.7% of Jupiter Asset Management Ltd.’s holdings, making the stock its 11th largest holding. Jupiter Asset Management Ltd. owned about 0.27% of Barrick Gold worth $50,925,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Eagle Investment Management LLC increased its holdings in Barrick Gold by 1.6% during the 3rd quarter. First Eagle Investment Management LLC now owns 35,354,891 shares of the basic materials company’s stock valued at $568,860,000 after purchasing an additional 546,654 shares during the period. Franklin Resources Inc. boosted its position in Barrick Gold by 41.7% during the 2nd quarter. Franklin Resources Inc. now owns 34,981,711 shares of the basic materials company’s stock valued at $556,558,000 after acquiring an additional 10,291,973 shares in the last quarter. Flossbach Von Storch AG boosted its position in Barrick Gold by 8.1% during the 3rd quarter. Flossbach Von Storch AG now owns 28,677,838 shares of the basic materials company’s stock valued at $461,427,000 after acquiring an additional 2,148,150 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Barrick Gold by 4.5% in the 2nd quarter. Vanguard Group Inc. now owns 27,435,727 shares of the basic materials company’s stock worth $436,503,000 after purchasing an additional 1,190,761 shares in the last quarter. Finally, Majedie Asset Management Ltd raised its holdings in Barrick Gold by 7.8% in the 2nd quarter. Majedie Asset Management Ltd now owns 18,856,140 shares of the basic materials company’s stock worth $300,001,000 after acquiring an additional 1,360,514 shares during the last quarter. Hedge funds and other institutional investors own 55.72% of the company’s stock.

Shares of Barrick Gold Corp (NYSE ABX) opened at $13.55 on Thursday. The company has a market cap of $16,052.71, a PE ratio of 18.61, a PEG ratio of 9.34 and a beta of -0.42. Barrick Gold Corp has a twelve month low of $13.46 and a twelve month high of $20.78. The company has a current ratio of 2.73, a quick ratio of 1.56 and a debt-to-equity ratio of 0.55.

Barrick Gold (NYSE:ABX) (TSE:ABX) last released its earnings results on Wednesday, October 25th. The basic materials company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.01). Barrick Gold had a net margin of 25.72% and a return on equity of 7.73%. The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter in the previous year, the firm earned $0.24 EPS. The firm’s revenue for the quarter was down 15.8% on a year-over-year basis. research analysts predict that Barrick Gold Corp will post 0.74 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date is Wednesday, November 29th. Barrick Gold’s payout ratio is 6.45%.

Several research firms have recently commented on ABX. Royal Bank Of Canada restated an “outperform” rating on shares of Barrick Gold in a research note on Thursday, September 7th. BMO Capital Markets set a $18.00 price objective on shares of Barrick Gold and gave the company a “hold” rating in a report on Wednesday, August 23rd. Jefferies Group reissued a “buy” rating and issued a $20.00 price objective on shares of Barrick Gold in a research report on Thursday, September 21st. TD Securities lowered their target price on shares of Barrick Gold from $20.00 to $17.00 and set a “hold” rating for the company in a research note on Monday, November 6th. Finally, Citigroup downgraded shares of Barrick Gold from a “buy” rating to a “sell” rating and set a $13.00 target price for the company. in a research note on Thursday, November 30th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $18.69.

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About Barrick Gold

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.

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

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