Moors & Cabot Inc. grew its stake in Barrick Gold Corp (TSE:ABX) (NYSE:ABX) by 384.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 108,140 shares of the basic materials company’s stock after acquiring an additional 85,811 shares during the quarter. Moors & Cabot Inc.’s holdings in Barrick Gold were worth $1,486,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Hudock Capital Group LLC increased its position in shares of Barrick Gold by 23.2% during the 1st quarter. Hudock Capital Group LLC now owns 3,336 shares of the basic materials company’s stock worth $45,000 after purchasing an additional 628 shares during the last quarter. Cullen Frost Bankers Inc. increased its position in shares of Barrick Gold by 2.7% during the 1st quarter. Cullen Frost Bankers Inc. now owns 34,419 shares of the basic materials company’s stock worth $472,000 after purchasing an additional 919 shares during the last quarter. Rothschild Investment Corp IL boosted its holdings in Barrick Gold by 2.7% during the 1st quarter. Rothschild Investment Corp IL now owns 37,525 shares of the basic materials company’s stock valued at $514,000 after acquiring an additional 1,000 shares during the period. CWM LLC boosted its holdings in Barrick Gold by 100.1% during the 1st quarter. CWM LLC now owns 2,698 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 1,350 shares during the period. Finally, Means Investment CO. Inc. boosted its holdings in Barrick Gold by 5.2% during the 1st quarter. Means Investment CO. Inc. now owns 39,535 shares of the basic materials company’s stock valued at $542,000 after acquiring an additional 1,956 shares during the period.
A number of equities analysts recently commented on ABX shares. Desjardins upgraded Barrick Gold from a “hold” rating to a “buy” rating and set a C$22.00 target price for the company in a report on Wednesday, March 13th. GMP Securities restated a “hold” rating and set a C$17.15 target price on shares of Barrick Gold in a report on Wednesday, February 27th. Haywood Securities raised their target price on Barrick Gold from C$18.00 to C$19.00 in a report on Thursday, February 14th. Finally, Canaccord Genuity lowered their target price on Barrick Gold from C$19.00 to C$18.00 in a report on Tuesday, April 23rd.
ABX remained flat at $C$15.88 during trading on Wednesday. The company’s stock had a trading volume of 3,447,339 shares, compared to its average volume of 5,160,662. The firm has a market capitalization of $28.08 billion and a price-to-earnings ratio of -13.03. Barrick Gold Corp has a 52 week low of C$12.54 and a 52 week 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 given a dividend of $0.054 per share. This represents a $0.22 annualized dividend and a yield of 1.36%. The ex-dividend date is Thursday, May 30th. Barrick Gold’s dividend payout ratio (DPR) is -13.13%.
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About Barrick Gold
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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