Meag Munich Ergo Kapitalanlagegesellschaft MBH Takes $1.22 Million Position in Barrick Gold Corp (ABX)

Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new position in shares of Barrick Gold Corp (TSE:ABX) (NYSE:ABX) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 88,120 shares of the basic materials company’s stock, valued at approximately $1,223,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC raised its holdings in shares of Barrick Gold by 123.5% during the fourth quarter. FMR LLC now owns 15,759,704 shares of the basic materials company’s stock valued at $212,753,000 after purchasing an additional 8,709,003 shares during the period. Investec Asset Management LTD increased its position in shares of Barrick Gold by 3.2% during the first quarter. Investec Asset Management LTD now owns 6,423,191 shares of the basic materials company’s stock worth $88,063,000 after acquiring an additional 200,367 shares in the last quarter. American Century Companies Inc. increased its position in shares of Barrick Gold by 42.1% during the fourth quarter. American Century Companies Inc. now owns 3,196,512 shares of the basic materials company’s stock worth $43,281,000 after acquiring an additional 946,900 shares in the last quarter. Hexavest Inc. bought a new stake in shares of Barrick Gold during the first quarter worth about $21,660,000. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Barrick Gold during the first quarter worth about $18,401,000.

A number of brokerages have issued reports on ABX. Desjardins raised shares of Barrick Gold from a “hold” rating to a “buy” rating and set a C$22.00 price objective for the company in a research report on Wednesday, March 13th. Canaccord Genuity reduced their price objective on shares of Barrick Gold from C$19.00 to C$18.00 in a research report on Tuesday, April 23rd. Haywood Securities upped their price objective on shares of Barrick Gold from C$18.00 to C$19.00 in a research report on Thursday, February 14th. Finally, GMP Securities reissued a “hold” rating and set a C$17.15 target price on shares of Barrick Gold in a research report on Wednesday, February 27th.

Shares of ABX stock traded down C$0.24 on Wednesday, hitting C$16.01. 5,845,660 shares of the company’s stock traded hands, compared to its average volume of 5,228,931. The firm has a market cap of $28.82 billion and a P/E ratio of -13.13. Barrick Gold Corp has a one year low of C$12.54 and a one year high of C$19.49. The company has a debt-to-equity ratio of 31.73, a quick ratio of 1.28 and a current ratio of 2.46.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be issued a $0.054 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Thursday, May 30th. Barrick Gold’s dividend payout ratio (DPR) is presently -13.13%.

COPYRIGHT VIOLATION WARNING: “Meag Munich Ergo Kapitalanlagegesellschaft MBH Takes $1.22 Million Position in Barrick Gold Corp (ABX)” was posted by Sundance Herald and is owned by of Sundance Herald. If you are reading this piece on another publication, it was copied illegally and republished in violation of United States and international copyright & trademark legislation. The legal version of this piece can be viewed at https://sundanceherald.com/2019/05/22/88120-shares-in-barrick-gold-corp-abx-acquired-by-meag-munich-ergo-kapitalanlagegesellschaft-mbh.html.

Barrick Gold Profile

Barrick Gold Corporation explores for and develops mineral properties. The company primarily explores for gold, copper, and silver deposits. It holds a 50% interest in the Veladero, a gold mine located in Argentina; 50% interest in the Kalgoorlie gold mine located in Australia; 95% interest in the Porgera 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 copper mine located in Saudi Arabia.

Read More: What Does Beta Mean In Stock Selection

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

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.



Leave a Reply