LLC Has $2.89 Million Stake in Barrick Gold Corporation (NYSE:ABX)

Xavier Trudeau
Août 17, 2017

Essex Investment Management Co Llc decreased its stake in Barrick Gold Corp (ABX) by 45.08% based on its latest 2016Q4 regulatory filing with the SEC. Barrick is exposed to a volatile gold pricing environment.

Several research analysts have recently issued reports on ABX shares. BidaskClub cut Barrick Gold Corporation from a hold rating to a sell rating in a report on Friday, June 16th. Jefferies Group LLC restated a buy rating and issued a $20.00 price target (down previously from $24.00) on shares of Barrick Gold Corporation in a report on Friday, July 14th. Raymond James Financial, Inc. reiterated a market perform rating and set a $19.00 target price on shares of Barrick Gold Corporation in a research note on Thursday, June 15th. Ten research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has "Hold" rating by TD Securities on Friday, June 23. TD Securities reaffirmed a "hold" rating and issued a $20.00 price objective on shares of Barrick Gold Corporation in a research note on Tuesday, April 25th. 9,399,317 shares of the stock were exchanged. Barrick Gold Corporation has a 12 month low of $13.81 and a 12 month high of $21.19. The stock has a 50 day moving average of $16.31 and a 200-day moving average of $17.53. Azimuth Capital Management Llc bought 6,761 shares as the company's stock rose 0.21% with the market. The stock of Barrick Gold Corp (USA) (NYSE:ABX) earned "Hold" rating by Deutsche Bank on Friday, July 29. The basic materials company reported $0.22 EPS for the quarter, beating the Zacks' consensus estimate of $0.17 by $0.05. Barrick Gold Corp had a net margin of 52.64% and a return on equity of 47.71%. During the same quarter in the previous year, the company posted $0.14 EPS. The company's quarterly revenue was up 7.4% compared to the same quarter past year. On average, analysts predict that Barrick Gold Corporation will post $0.73 earnings per share for the current fiscal year. The short interest to Barrick Gold Corporation's float is 1.17%. If you are reading this report on another domain, it was illegally stolen and reposted in violation of USA and worldwide trademark & copyright laws. Shareholders of record on Thursday, August 31st will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.71%. More interesting news about Exxon Mobil Corporation (NYSE:XOM) were released by: Seekingalpha.com and their article: "Exxon Mobil Vs. Chevron" published on August 12, 2017 as well as Seekingalpha.com's news article titled: "Exxon safety order voided by USA appeals court" with publication date: August 17, 2017.

Barrick Gold Corporation (ABX) opened at 16.91 on Tuesday.

Hedge funds have recently made changes to their positions in the company. LLC's holdings in Barrick Gold Corporation were worth $2,891,000 as of its most recent filing with the SEC. Essex Investment Management Co Llc sold 149,923 shares as the company's stock declined 17.45% while stock markets rallied. Essex Investment Management Co Llc who had been investing in Barrick Gold Corp for a number of months, seems to be less bullish one the $19.62B market cap company. Sanders Morris Harris LLC now owns 195,000 shares of the basic materials company's stock valued at $3,102,000 after buying an additional 49,000 shares during the period. Hexavest Inc. boosted its stake in shares of Barrick Gold Corporation by 954.7% in the first quarter. Sanders Morris Harris Inc. now owns 146,000 shares of the basic materials company's stock worth $2,773,000 after buying an additional 12,000 shares during the last quarter. Aperio Group LLC boosted its position in shares of Barrick Gold Corporation by 4.2% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 5,608 shares of the basic materials company's stock valued at $106,000 after buying an additional 506 shares during the period. Gemmer Asset Management LLC purchased a new position in Barrick Gold Corp during the first quarter worth $155,000. The brokerage now has a "buy" rating on the basic materials company's stock.

The original version of this report can be read at https://stocknewstimes.com/2017/08/17/zacks-african-barrick-gold-ltd-nasdaqabglf-receives-consensus-rating-of-from-analysts-updated-updated.html. 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 divisions include Goldstrike, Cortez, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Acacia Mining plc (Acacia), Pascua-Lama and Other Mines.

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