Gold production in 'Silver State' increases in 2016

Cornelia Mascio
Mag 19, 2017

Shares of Barrick Gold Corp (TSE:ABX) traded down 3.44% on Friday, hitting $22.46. The fund owned 24,165 shares of the basic materials company's stock after selling 1,840 shares during the period. Barrick Gold Corp comprises about 0.2% of Cheyne Capital Management UK LLP's investment portfolio, making the stock its 25th largest position.

Northwestern Mutual Wealth Management Co. cut its stake in shares of Barrick Gold Corp (NYSE:ABX) (TSE:ABX) by 7.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also bought and sold shares of the stock. Benjamin F. Edwards & Company Inc. increased its position in Barrick Gold Corp by 9.9% in the first quarter. Majedie Asset Management Ltd now owns 10,811,567 shares of the basic materials company's stock valued at $191,581,000 after buying an additional 6,736,764 shares during the last quarter. Acrospire Investment Management LLC now owns 6,600 shares of the basic materials company's stock valued at $117,000 after buying an additional 2,000 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in Barrick Gold Corp by 253,067.4% in the first quarter. Caxton Associates LP now owns 11,340,000 shares of the basic materials company's stock worth $181,213,000 after buying an additional 5,800,000 shares during the last quarter. Renaissance Technologies LLC increased its position in Barrick Gold Corp by 8.0% in the fourth quarter. Aviva PLC now owns 815,654 shares of the basic materials company's stock valued at $13,014,000 after buying an additional 40,330 shares during the last quarter. The 52-week range of the share price is from $13.81 - $23.47, while its earnings per share (EPS) was $1.22. At the time of writing, Shares the company recently traded 19.73% away 52-week low and noted price movement -29.37% away from the 52-week high level. The company has total market capitalization of $19.41B and a total of 1.17B outstanding shares. Taking a look back at some historical performance numbers for Barrick Gold Corporation (ABX), we can see that the stock moved -1.14% for the last five trades.

The Average Earnings Estimate for the Current Fiscal quarter is $0.18 per share, according to consensus of 14 analysts. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same period in the prior year, the firm posted $0.11 EPS.

Barrick Gold Corporation (ABX) closed business day at $16.51 with -3.51%. Analysts on average have given a price target of $21.48 to Barrick Gold Corporation stock.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Friday, May 26th. Scotiabank restated a "sector perform" rating and issued a C$30.00 target price on shares of Barrick Gold Corp in a research note on Tuesday, April 25th.

ILLEGAL ACTIVITY NOTICE: This piece of content was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this report on another website, it was illegally copied and republished in violation of U.S. & worldwide copyright & trademark legislation. Barclays PLC boosted their price target on Barrick Gold Corp from $20.00 to $22.00 and gave the company an "equal weight" rating in a research note on Monday, March 6th. Vetr upgraded shares of Barrick Gold Corp from a "hold" rating to a "buy" rating and set a $20.20 price objective for the company in a research note on Thursday, March 23rd. Credit Suisse Group AG reiterated a "buy" rating and set a $23.00 price target on shares of Barrick Gold Corp in a research note on Wednesday, February 15th. Zacks Investment Research upgraded shares of Barrick Gold Corp from a "strong sell" rating to a "hold" rating in a research note on Tuesday, January 31st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. Also, the current price highlights a discount of 68.63% to analysts' high consensus price target.

Barrick Gold Corporation (Barrick) is a gold mining company.

According to the Nevada Division of Minerals, Nevada's gold production rose slightly a year ago, increasing by 2.6% over 2015 to almost 5.5 million ounces, with a market value of nearly 6.9 billion dollars.

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