American Century Companies Inc. raised its stake in Barrick Gold Corp (NYSE:ABX) (TSE:ABX) by 5.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,249,612 shares of the basic materials company’s stock after buying an additional 112,200 shares during the quarter. American Century Companies Inc. owned 0.19% of Barrick Gold worth $24,926,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in ABX. Ashler Capital LLC increased its stake in Barrick Gold by 78.2% in the 2nd quarter. Ashler Capital LLC now owns 18,297,749 shares of the basic materials company’s stock valued at $240,249,000 after buying an additional 8,030,578 shares during the period. Flossbach Von Storch AG grew its position in Barrick Gold by 13.8% in the second quarter. Flossbach Von Storch AG now owns 48,397,134 shares of the basic materials company’s stock worth $635,457,000 after acquiring an additional 5,873,410 shares in the last quarter. Toronto Dominion Bank grew its position in Barrick Gold by 144.4% in the second quarter. Toronto Dominion Bank now owns 7,729,036 shares of the basic materials company’s stock worth $103,335,000 after acquiring an additional 4,567,102 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Barrick Gold by 138.0% in the second quarter. Dimensional Fund Advisors LP now owns 6,285,904 shares of the basic materials company’s stock worth $82,534,000 after acquiring an additional 3,644,976 shares in the last quarter. Finally, CIBC Asset Management Inc grew its position in Barrick Gold by 65.6% in the second quarter. CIBC Asset Management Inc now owns 4,837,174 shares of the basic materials company’s stock worth $63,555,000 after acquiring an additional 1,915,898 shares in the last quarter. Hedge funds and other institutional investors own 56.73% of the company’s stock.

Several analysts have commented on ABX shares. Citigroup raised shares of Barrick Gold from a “sell” rating to a “neutral” rating and set a $11.00 target price for the company in a research report on Tuesday, August 28th. JPMorgan Chase & Co. decreased their target price on shares of Barrick Gold from $15.50 to $13.00 and set a “neutral” rating for the company in a research report on Monday, September 17th. BMO Capital Markets reaffirmed a “hold” rating and set a $15.00 price objective on shares of Barrick Gold in a report on Friday, September 21st. TD Securities raised shares of Barrick Gold from a “hold” rating to a “buy” rating and upped their price objective for the stock from $13.50 to $14.00 in a report on Tuesday, September 25th. Finally, Zacks Investment Research downgraded shares of Barrick Gold from a “hold” rating to a “sell” rating in a report on Tuesday, September 25th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $14.96.

Shares of Barrick Gold stock traded up $0.31 during mid-day trading on Friday, reaching $13.68. 19,691,089 shares of the stock were exchanged, compared to its average volume of 13,023,585. The stock has a market capitalization of $15.61 billion, a P/E ratio of 18.24, a price-to-earnings-growth ratio of 15.78 and a beta of -0.50. The company has a quick ratio of 1.42, a current ratio of 2.65 and a debt-to-equity ratio of 0.53. Barrick Gold Corp has a fifty-two week low of $9.53 and a fifty-two week high of $15.52.

Barrick Gold (NYSE:ABX) (TSE:ABX) last issued its earnings results on Wednesday, October 24th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.02. The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.80 billion. Barrick Gold had a negative net margin of 8.75% and a positive return on equity of 5.38%. The company’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.16 EPS. On average, equities analysts anticipate that Barrick Gold Corp will post 0.42 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Friday, November 30th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.88%. The ex-dividend date is Thursday, November 29th. Barrick Gold’s dividend payout ratio (DPR) is presently 16.00%.

COPYRIGHT VIOLATION NOTICE: “Barrick Gold Corp (NYSE:ABX) Position Boosted by American Century Companies Inc.” was originally reported by Marea Informative and is the sole property of of Marea Informative. If you are reading this report on another site, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this report can be viewed at https://www.mareainformativa.com/news/2018/12/08/american-century-companies-inc-has-24-93-million-position-in-barrick-gold-corp-abx-updated-updated-updated.html.

Barrick Gold Company Profile

Barrick Gold Corporation engages in the exploration and development of mineral properties. It primarily explores for gold and copper deposits. The company holds a 50% interest in the Veladero mine located in the San Juan Province of Argentina; 50% interest in the KCGM, a gold mine located in Australia; 95% interest in Porgera, a 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, a copper mine located in Saudi Arabia.

Further Reading: What is a Roth IRA?

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

Receive News & Ratings for Barrick Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barrick Gold and related companies with MarketBeat.com's FREE daily email newsletter.