1,743,900 shares of the company were exchanged, compared to its average volume of 3,048,543. Sumitomo Mitsui Trust Holdings Inc. owned about 0.33% of Barrick Gold Corporation worth $62,146,000 as of its most recent SEC filing.
Hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC lifted its stake in shares of Barrick Gold Corporation by 7.2% during the 1st quarter. The Firm conducts its business through its subsidiaries: Five Star Bank, a NY chartered bank; Scott Danahy Naylon, LLC (SDN), a full service insurance agency, and Courier Capital, LLC (Courier Capital), an investment advisory and wealth management company. BMO Capital Markets reaffirmed a "market perform" rating and set a C$18.00 price objective on shares of Barrick Gold Corp in a research report on Thursday, July 6th. The company now has a P/E ratio of 7.49 and market capitalization is 16.32B. Finally, ETRADE Capital Management LLC bought a new position in Barrick Gold Corporation during the second quarter worth about $180,000. Creative Planning lifted its stake in shares of Barrick Gold Corporation by 25.1% during the 2nd quarter. Investec Asset Management LTD now owns 2,887,282 shares of the basic materials company's stock worth $46,441,000 after acquiring an additional 1,348,096 shares during the period. It also reduced Invesco Mortgage Capital (NYSE:IVR) stake by 64,054 shares and now owns 21,250 shares.
COPYRIGHT VIOLATION WARNING: This article was first published by Week Herald and is the sole property of of Week Herald. If you are reading this piece of content on another website, it was copied illegally and republished in violation of United States and global trademark and copyright law. The original version of this news story can be accessed at https://stocknewstimes.com/2017/11/19/royal-bank-of-canada-lowers-barrick-gold-corporation-abx-to-sector-perform.html. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.56 and a current ratio of 2.73. Barrick Gold Corporation has a 1-year low of $13.81 and a 1-year high of $20.78. The firm has a market capitalization of $16,250.00, a PE ratio of 18.93, a price-to-earnings-growth ratio of 9.34 and a beta of -0.39. Barrick Gold Corp (USA) (NYSE:ABX) has declined 8.26% since November 19, 2016 and is downtrending. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.01).
Barrick Gold Corporation (ABX) opened at $14.07 on Tuesday. Barrick Gold Corporation's quarterly revenue was down 15.8% compared to the same quarter a year ago. The value of the investment in Barrick Gold Corp increased from $560,986,000 to $567,334,000 increasing 1.1% quarter over quarter.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be given a dividend of $0.037 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.85%. More interesting news about SemGroup Corp (NYSE:SEMG) was released by: Newsok.com and their article: "SemGroup occupies sixth spot in this year's Oklahoma Inc." with publication date: November 12, 2017. Barrick Gold Corp's payout ratio is 4.62%. The rating has been released in a research report on 3 November. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. UBS's TP would suggest a possible upside of 20.82 % from the stock close price of the company. The firm has "Buy" rating given on Tuesday, September 8 by HSBC. Deutsche Bank upgraded Barrick Gold Corp (USA) (NYSE:ABX) on Thursday, August 13 to "Buy" rating. Barrick Gold Corp. had 78 analyst reports since August 6, 2015 according to SRatingsIntel.
Among 9 analysts covering SemGroup (NYSE:SEMG), 7 have Buy rating, 0 Sell and 2 Hold. The stock now has an average rating of "Hold" and a consensus price target of $19.13. Capital International Sarl who had been investing in Barrick Gold Corp (Usd) for a number of months, seems to be bullish on the $16.59 billion market cap company. The Firm is principally engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development.
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