Published: Sun, February 11, 2018
Business | By Max Garcia

LLC Increases Holdings in Barrick Gold Corp (ABX)


Saul Centers, Inc. (BFS) has risen 7.03% since February 10, 2017 and is uptrending. It has underperformed by 23.98% the S&P500.

Contrarius Investment Management Ltd decreased Barrick Gold Corp (ABX) stake by 32.58% reported in 2017Q3 SEC filing. The institutional investor held 59,522 shares of the semiconductors company at the end of 2017Q3, valued at $2.27 million, up from 9,398 at the end of the previous reported quarter. Hexavest Inc who had been investing in Barrick Gold Corp for a number of months, seems to be bullish on the $14.69 billion market cap company. The stock closed the most recent session at $13.06 after seeing 19854242 shares trade hands. About 30.84M shares traded or 93.76% up from the average.

Barrick Gold Corporation (NYSE:ABX) shares saw the needle move -4.95% on the week. It has underperformed by 7.29% the S&P500. They expect $0.08 earnings per share, up 60.00% or $0.03 from last year's $0.05 per share. ABX's profit will be $241.58 million for 15.55 P/E if the $0.21 EPS becomes a reality. Hence the difference between Predicted EPS and Actual EPS reported is $-0.01/share which shows an Earnings Surprise of -5.9 Percent. BMO Capital Markets restated a market perform rating and set a C$18.00 price objective on shares of Barrick Gold in a research report on Friday, October 13th. (TSE:ABX), 4 have Buy rating, 0 Sell and 6 Hold. Therefore 33% are positive. Barrick Gold Corp. had 40 analyst reports since July 24, 2015 according to SRatingsIntel. The stock has "Hold" rating by TD Securities on Thursday, October 12. The company has an average rating of "Hold" and a consensus target price of $18.41. BMO Capital Markets maintained Barrick Gold Corporation (NYSE:ABX) on Monday, August 21 with "Hold" rating. The stock of Barrick Gold Corporation (NYSE:ABX) has "Buy" rating given on Tuesday, March 15 by Argus Research. The firm earned "Hold" rating on Wednesday, March 23 by Deutsche Bank. The rating was maintained by RBC Capital Markets on Tuesday, November 7 with "Buy". Clarkson Platou upgraded Barrick Gold Corporation (NYSE:ABX) on Monday, April 18 to "Buy" rating.

Goodhaven Capital Management Llc, which manages about $760.25M and $197.70M US Long portfolio, upped its stake in New York Reit Inc (NYSE:NYRT) by 139,300 shares to 289,300 shares, valued at $2.27 million in 2017Q3, according to the filing. It also reduced its holding in Alphabet Inc.by 360 shares in the quarter, leaving it with 16,403 shares, and cut its stake in Alliant Energy Corp. The company has market cap of $6.20 billion. Sparton Corp had 4 analyst reports since October 5, 2015 according to SRatingsIntel. The stock of The J.M. Smucker Company (NYSE:SJM) has "Neutral" rating given on Monday, July 3 by Credit Suisse. The firm has "Hold" rating given on Thursday, May 25 by TD Securities. The stock of The J.M. Smucker Company (NYSE:SJM) earned "Buy" rating by Citigroup on Saturday, August 29. Zacks Investment Research lowered shares of Barrick Gold from a "hold" rating to a "sell" rating in a research note on Tuesday, January 30th. The rating was upgraded by IBC on Monday, June 27 to "Outperform". Susquehanna maintained the shares of SJM in report on Thursday, July 13 with "Hold" rating. As per Friday, July 14, the company rating was maintained by Jefferies.

Investors sentiment increased to 0.83 in 2017 Q3. Its down 0.08, from 0.97 in 2017Q2. Chevy Chase Trust Holding invested in 74,486 shares. 80 funds opened positions while 189 raised stakes. Columbia Asset Management invested in 176,144 shares or 2.06% of the stock. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.73 and a quick ratio of 1.56. Pensionfund Dsm Netherlands reported 22,800 shares stake. First Eagle Investment Management LLC increased its holdings in shares of Barrick Gold by 1.6% during the 3rd quarter.

The company is expected to report earnings of $0.21 a share for the next quarter. Wells Fargo Mn holds 0% or 10,538 shares. Private Ocean Lc holds 586 shares or 0.01% of its portfolio. $67,048 worth of Intel Corporation (NASDAQ:INTC) was sold by Bryant Diane M. On Wednesday, January 31 RENDUCHINTALA VENKATA S M sold $880,540 worth of Intel Corporation (NASDAQ:INTC) or 17,946 shares. Dekabank Deutsche Girozentrale holds 0.04% or 41,055 shares in its portfolio.

Analysts often look at short interest, or the number of shares now being shorted by investors, to aid in their outlook for a particular stock.

In other news, Director Kelvin Paul Michael Dushnisky acquired 56,733 shares of the company's stock in a transaction that occurred on Wednesday, November 22nd.

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