Caxton Associates Lp adds Barrick Gold Corporation (USA) (ABX) to its portfolio

Barrick Gold Corporation (USA) (ABX) : Caxton Associates Lp added new position in Barrick Gold Corporation (USA) during the most recent quarter end. The investment management firm now holds 11,566,800 shares of Barrick Gold Corporation (USA) which is valued at $212.9 Million , the company said in a statement filed on May 13, 2016 with the SEC.Barrick Gold Corporation (USA) makes up approximately 17.94% of Caxton Associates Lp’s portfolio.

Other Hedge Funds, Including , Breithorn Capital Management reduced its stake in ABX by selling 1,130 shares or 0.54% in the most recent quarter. The Hedge Fund company now holds 206,910 shares of ABX which is valued at $3.8 Million. Barrick Gold Corporation (USA) makes up approx 2.64% of Breithorn Capital Management’s portfolio.Investec Asset Management Ltd boosted its stake in ABX in the latest quarter, The investment management firm added 464,359 additional shares and now holds a total of 3,322,278 shares of Barrick Gold Corporation (USA) which is valued at $61.2 Million. Barrick Gold Corporation (USA) makes up approx 0.33% of Investec Asset Management Ltd’s portfolio. Ipg Investment Advisors sold out all of its stake in ABX during the most recent quarter. The investment firm sold 18,000 shares of ABX which is valued $331,380.Whittier Trust Co boosted its stake in ABX in the latest quarter, The investment management firm added 1,303 additional shares and now holds a total of 1,416 shares of Barrick Gold Corporation (USA) which is valued at $27,428.

Barrick Gold Corporation (USA) opened for trading at $16.71 and hit $17.49 on the upside on Wednesday, eventually ending the session at $17.28, with a gain of 2.19% or 0.37 points. The heightened volatility saw the trading volume jump to 2,16,50,109 shares. Company has a market cap of $20,131 M.

On the company’s financial health, Barrick Gold Corporation (USA) reported $0.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.10. The company had revenue of $1930.00 million for the quarter, compared to analysts expectations of $1992.95 million. The company’s revenue was down -14.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.05 EPS.

Many Wall Street Analysts have commented on Barrick Gold Corporation (USA). Company shares were Reiterated by RBC Capital Mkts on May 9, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 18 from a previous price target of $16 .Barrick Gold Corporation (USA) was Upgraded by Credit Suisse to ” Outperform” on Apr 8, 2016. Deutsche Bank Downgraded Barrick Gold Corporation (USA) on Mar 23, 2016 to ” Hold”, Price Target of the shares are set at $14.50.

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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