Exane Derivatives adds Barrick Gold Corporation (USA) (ABX) to its portfolio

Barrick Gold Corporation (USA) (ABX) : Exane Derivatives added new position in Barrick Gold Corporation (USA) during the most recent quarter end. The investment management firm now holds 231,115 shares of Barrick Gold Corporation (USA) which is valued at $5,181,598 , the company said in a statement filed on Aug 3, 2016 with the SEC.Barrick Gold Corporation (USA) makes up approximately 0.85% of Exane Derivatives’s portfolio.

Other Hedge Funds, Including , Her Majesty The Queen In Right Of The Province Of Alberta… boosted its stake in ABX in the latest quarter, The investment management firm added 1,702,600 additional shares and now holds a total of 4,080,100 shares of Barrick Gold Corporation (USA) which is valued at $91,475,842. Barrick Gold Corporation (USA) makes up approx 1.15% of Her Majesty The Queen In Right Of The Province Of Alberta…’s portfolio.Cibc Asset Management Inc boosted its stake in ABX in the latest quarter, The investment management firm added 1,059,555 additional shares and now holds a total of 8,679,985 shares of Barrick Gold Corporation (USA) which is valued at $194,605,264. Barrick Gold Corporation (USA) makes up approx 1.43% of Cibc Asset Management Inc’s portfolio.Advisory Services Network reduced its stake in ABX by selling 1,000 shares or 70.42% in the most recent quarter. The Hedge Fund company now holds 420 shares of ABX which is valued at $8,967.Gulf International Bank (uk) Ltd reduced its stake in ABX by selling 700 shares or 0.2% in the most recent quarter. The Hedge Fund company now holds 344,476 shares of ABX which is valued at $7,261,554. Barrick Gold Corporation (USA) makes up approx 0.12% of Gulf International Bank (uk) Ltd’s portfolio.

Barrick Gold Corporation (USA) opened for trading at $21.16 and hit $21.8 on the upside on Monday, eventually ending the session at $21.42, with a gain of 0.85% or 0.18 points. The heightened volatility saw the trading volume jump to 1,22,17,655 shares. Company has a market cap of $24,961 M.

On the company’s financial health, Barrick Gold Corporation (USA) reported $0.14 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $0.15. The company had revenue of $2012.00 million for the quarter, compared to analysts expectations of $2073.46 million. The company’s revenue was down -9.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.01 EPS.

Investors should note that on Jul 27, 2016, Barrick Gold Corporation (USA) announced a cash dividend of $0.0200. The company’s management has announced Aug 29, 2016 as the ex-dividend date and fixed the record date on Aug 31, 2016. The payable date has been fixed on Sep 15, 2016.

Many Wall Street Analysts have commented on Barrick Gold Corporation (USA). Barrick Gold Corporation (USA) was Initiated by Morgan Stanley to “Equal-Weight” on Aug 9, 2016. Company shares were Reiterated by Barclays on Aug 8, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 22 from a previous price target of $14 .Citigroup Initiated Barrick Gold Corporation (USA) on Aug 2, 2016 to “Buy”, Price Target of the shares are set at $29.

Barrick Gold Corporation (Barrick) is a gold mining company. The Company is engaged in the production and sale of gold and copper as well as related activities such as exploration and mine development. The Company operates in segments: eight individual gold mines Acacia and Pascua-Lama project. The remaining operating segments have been grouped into two other categories: its remaining gold mines and its two copper mines. The Company sells its production in the world market through the distribution channels: gold bullion is sold in the gold spot market; gold and copper concentrate is sold to independent smelting companies and copper cathode is sold to various manufacturers and traders. The Company has 14 producing gold mines located in Canada the United States Peru Argentina Australia the Dominican Republic and Papua New Guinea. It also holds a 63.9% equity interest in Acacia Mining plc (Acacia) that owns gold mines and exploration properties in Africa.

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