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%.
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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.
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