Barrick Gold Corp (ABX) Position Increased by Alliancebernstein LP Last Quarter

Marco Green
November 14, 2017

(NYSE:ABX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. APG Asset Management N.V. now owns 10,218,045 shares of the basic materials company's stock worth $210,798,000 after purchasing an additional 1,236,360 shares during the period. After having $0.16 EPS previously, Barrick Gold Corp (USA)'s analysts see 31.25 % EPS growth.

The following firms have recently changed their position in ABX. The value of the total investment in Barrick Gold Corp went from $11,655,000 to $11,936,000 a change of $281,000 for the reporting period. Yamana Gold Inc. vs. Barrick Gold Corp." on November 07, 2017, also with their article: "Barrick Gold Corp.: "Should You Own This Stock?" published on November 01, 2017, published: "Why Did Barrick Gold Corp. and Teck Resources Ltd. Shares Fall More Than 7% on ..." on October 28, 2017. Alliancebernstein L.P. now controls 1,732,671 shares with a value of $27,879,000.

Rothschild Investment Corp decreased Inphi Corp Com (NYSE:IPHI) stake by 14,300 shares to 27,650 valued at $948,000 in 2017Q2.

Adage Capital Partners GP L.L.C. raised its position in shares of Barrick Gold 41.3% in the first quarter.

The company's stock is now moving with a -ve distance from the 200 day SMA of approximately -18.69%, and has a solid year to date (YTD) performance of -12.7% which means that the stock is constantly adding to its value from the previous fiscal year end price. Neuberger Berman Group LLC bought a new position in shares of Barrick Gold Corporation during the second quarter valued at $161,000. As of the end of the quarter Aviva PLC had bought a total of 1,014,240 shares growing its holdings by 1.0%. (NYSE:ABX), 9 have Buy rating, 0 Sell and 15 Hold. 1,160,357 shares of the stock traded hands. Barrick Gold Corporation has a 52-week low of $13.80 and a 52-week high of $20.78. The company has a 50 day moving average of $17.02 and a 200-day moving average of $18.80. The company had revenue of $1.93 billion for the quarter, compared to analysts' expectations of $2.02 billion. Goldman Sachs maintained the shares of ABX in report on Wednesday, October 5 with "Buy" rating. They expect $0.20 EPS, up 11.11% or $0.02 from last year's $0.18 per share.

Analysts believe that the company has the potential to earn average revenue of $2.27 Billion for the current quarter. Barrick Gold Corporation's dividend payout ratio (DPR) is now 6.45%. On average, equities analysts anticipate that Barrick Gold Corp. will post $0.69 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be paid a $0.03 dividend. The ex-dividend date is Monday, November 28th. This represents a $0.15 annualized dividend and a yield of 0.84%. Barrick Gold Corp.'s payout ratio is -3.90%.

ABX has been the topic of several other reports. Royal Bank Of Canada restated an "outperform" rating on shares of Barrick Gold Corporation in a research report on Friday, August 18th. BMO Capital Markets reiterated a market perform rating and issued a C$18.00 price target on shares of Barrick Gold Corp in a research note on Thursday, July 6th. Finally, Canaccord Genuity upgraded shares of Barrick Gold Corp. from a "hold" rating to a "buy" rating in a research report on Thursday, July 28th. Thirteen research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of "Hold" and a consensus target price of $19.13.

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