Rockshelter Capital Management LLC increased its position in shares of Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) by 3.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 52,970 shares of the basic materials company’s stock after buying an additional 2,005 shares during the period. Rockshelter Capital Management LLC’s holdings in Barrick Gold Corporation were worth $1,006,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Comerica Bank boosted its position in Barrick Gold Corporation by 7.2% in the fourth quarter. Comerica Bank now owns 138,534 shares of the basic materials company’s stock worth $2,337,000 after buying an additional 9,361 shares during the last quarter. State Street Corp boosted its position in Barrick Gold Corporation by 10.7% in the fourth quarter. State Street Corp now owns 826,813 shares of the basic materials company’s stock worth $13,212,000 after buying an additional 80,077 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in Barrick Gold Corporation by 3.7% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 36,152 shares of the basic materials company’s stock worth $578,000 after buying an additional 1,296 shares during the last quarter. Private Advisor Group LLC boosted its position in Barrick Gold Corporation by 23.4% in the fourth quarter. Private Advisor Group LLC now owns 32,854 shares of the basic materials company’s stock worth $547,000 after buying an additional 6,240 shares during the last quarter. Finally, Systematic Financial Management LP bought a new position in Barrick Gold Corporation during the fourth quarter worth $16,798,000. 58.30% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Barrick Gold Corporation (NYSE:ABX)

Barrick Gold Corporation (NYSE:ABX) traded down 1.94% during trading on Thursday, reaching $15.64. The company had a trading volume of 17,600,642 shares. Barrick Gold Corporation has a 52 week low of $13.81 and a 52 week high of $23.47. The company’s 50-day moving average is $16.51 and its 200 day moving average is $17.47. The firm has a market capitalization of $18.23 billion, a price-to-earnings ratio of 12.93 and a beta of -0.27.

Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) last posted its earnings results on Monday, April 24th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by $0.07. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $2.22 billion. Barrick Gold Corporation had a return on equity of 8.34% and a net margin of 16.44%. Barrick Gold Corporation’s revenue was up 3.3% compared to the same quarter last year. During the same period last year, the business earned $0.11 EPS. Equities analysts anticipate that Barrick Gold Corporation will post $0.73 EPS for the current year.

The firm also recently announced 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. The ex-dividend date is Friday, May 26th. This represents a $0.12 annualized dividend and a yield of 0.77%. Barrick Gold Corporation’s dividend payout ratio (DPR) is 9.92%.

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A number of research analysts have recently weighed in on ABX shares. Credit Suisse Group reaffirmed a “buy” rating and set a $23.00 price objective on shares of Barrick Gold Corporation in a research report on Wednesday, February 15th. Berenberg Bank reissued a “sell” rating and set a $15.20 target price on shares of Barrick Gold Corporation in a research note on Thursday, February 16th. Clarkson Capital downgraded Barrick Gold Corporation from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 15th. TheStreet raised Barrick Gold Corporation from a “c” rating to a “b-” rating in a research note on Thursday, February 23rd. Finally, Vetr downgraded Barrick Gold Corporation from a “hold” rating to a “sell” rating and set a $18.55 target price on the stock. in a research note on Monday, February 27th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $22.50.

About Barrick Gold Corporation

Barrick Gold Corporation (Barrick) is a gold mining company. The Company is principally engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company’s segments include Goldstrike, Cortez, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Acacia Mining plc (Acacia), Pascua-Lama and Other Mines.

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