Glaxis Capital Management adds Barrick Gold Corporation (USA) (ABX) to its portfolio

Barrick Gold Corporation (USA) (ABX) : Glaxis Capital Management added new position in Barrick Gold Corporation (USA) during the most recent quarter end. The investment management firm now holds 55,000 shares of Barrick Gold Corporation (USA) which is valued at $856,900 , the company said in a statement filed on Oct 11, 2016 with the SEC.Barrick Gold Corporation (USA) makes up approximately 3.65% of Glaxis Capital Management’s portfolio.

Other Hedge Funds, Including , Addison Capital Co reduced its stake in ABX by selling 38 shares or 0.23% in the most recent quarter. The Hedge Fund company now holds 16,419 shares of ABX which is valued at $255,808. Barrick Gold Corporation (USA) makes up approx 0.22% of Addison Capital Co’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in ABX in the latest quarter, The investment management firm added 330,100 additional shares and now holds a total of 1,703,580 shares of Barrick Gold Corporation (USA) which is valued at $27,223,208. Barrick Gold Corporation (USA) makes up approx 0.11% of Bnp Paribas Arbitrage Sa’s portfolio.Independent Portfolio Consultants reduced its stake in ABX by selling 440 shares or 11.92% in the most recent quarter. The Hedge Fund company now holds 3,250 shares of ABX which is valued at $51,935. Barrick Gold Corporation (USA) makes up approx 0.02% of Independent Portfolio Consultants’s portfolio.Foundation Resource Management Inc boosted its stake in ABX in the latest quarter, The investment management firm added 1,910 additional shares and now holds a total of 523,236 shares of Barrick Gold Corporation (USA) which is valued at $8,361,311. Barrick Gold Corporation (USA) makes up approx 1.51% of Foundation Resource Management Inc’s portfolio. Washington Trust Bank added ABX to its portfolio by purchasing 140 company shares during the most recent quarter which is valued at $2,237.

Barrick Gold Corporation (USA) closed down -0.06 points or -0.39% at $15.52 with 1,43,59,678 shares getting traded on Tuesday. Post opening the session at $15.63, the shares hit an intraday low of $15.42 and an intraday high of $15.89 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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.

Many Wall Street Analysts have commented on Barrick Gold Corporation (USA). Barrick Gold Corporation (USA) was Initiated by Berenberg to “Sell” on Sep 7, 2016. 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 .

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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