Barrick Gold Corporation (ABX) Position Lowered by Legal & General Group Plc

Barrick Gold Corp
6.26 % to Target, BMO Capital Maintains 'Hold' Rating on Barrick Gold (NYSE:ABX) Shares Today
Author

25 August, 2017

The hedge fund run by Paul Orlin held 442,700 shares of the precious metals company at the end of 2016Q4, valued at $7.07 million, up from 2,927 at the end of the previous reported quarter.

Barrick Gold Corporation is a gold mining company. The stock increased 0.45% or $0.36 during the last trading session, reaching $81.25. GRA's SI was 1.09M shares in August as released by FINRA. Barrick Gold Corp (USA) (NYSE:ABX) has declined 8.26% since August 25, 2016 and is downtrending. It has underperformed by 24.96% the S&P500. Westpac Corporation reported 0% stake. Segall Bryant & Hamill Llc acquired 28,827 shares as Starbucks Corp (SBUX)'s stock rose 6.99%. Starbucks Corp now has $77.77 billion valuation. Benjamin F. Edwards & Company Inc. now owns 5,608 shares of the basic materials company's stock valued at $106,000 after buying an additional 506 shares during the period. About 838,411 shares traded. Boyd Group Income Fund (TSE:BYD.UN) has 0.00% since August 24, 2016 and is. It has underperformed by 22.92% the S&P500.

Investors sentiment increased to 1.14 in 2016 Q4. Its down 0.04, from 0.92 in 2016Q3. It increased, as 59 investors sold SBUX shares while 450 reduced holdings. Old Mutual Glob Investors (Uk) Limited holds 0.04% in W. R. Grace & Co (NYSE:GRA) or 34,223 shares. Baltimore stated it has 285 shares. Davenport & Lc holds 826,834 shares. Old Mutual Customised Solutions (Proprietary) Limited holds 0.01% or 700 shares in its portfolio. Trexquant LP invested 0.27% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). Moreover, Kingfisher Ltd has 0.57% invested in Danaher Corporation (NYSE:DHR). Missouri-based Buckingham Asset Mgmt Llc has invested 0.13% in Danaher Corporation (NYSE:DHR). West Oak Limited Liability owns 38,216 shares.

Since February 27, 2017, it had 0 insider buys, and 4 sales for $2.40 million activity. Legal & General Group Plc increased its position in shares of Barrick Gold Corporation by 253,067.4% in the first quarter.

Segall Bryant & Hamill Llc decreased Nxp Semiconductors N.V. (NASDAQ:NXPI) stake by 224,736 shares to 256,067 valued at $25.10 million in 2016Q4. It also upped Powershares Etf Tr Ii (SPHB) stake by 315,451 shares and now owns 1.13M shares. Therefore 55% are positive. Canaccord Genuity upgraded the stock to "Sell" rating in Friday, July 31 report. The firm has "Buy" rating given on Thursday, October 22 by Charter Equity. The rating was maintained by RBC Capital Markets on Friday, September 18 with "Sector Perform". As per Thursday, August 13, the company rating was upgraded by Deutsche Bank. The stock has "Buy" rating by Evercore on Tuesday, April 5. Ten analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The firm has "Neutral" rating by Macquarie Research given on Wednesday, August 19. The company has a market capitalization of $19.92 billion, a P/E ratio of 8.46 and a beta of -0.23. Bragg Fin Advisors Inc invested in 58,100 shares. On average, equities research analysts expect that Barrick Gold Corporation will post $0.73 EPS for the current year. The consensus target price is $19.50 with 2 brokers rating the stock a strong buy, 8 brokers rating the stock a buy, 14 brokers rating the stock a hold, 2 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell. Therefore 48% are positive. Texas Instruments had 67 analyst reports since July 24, 2015 according to SRatingsIntel. BMO Capital Markets set a $18.00 price objective on shares of Barrick Gold Corporation and gave the stock a "hold" rating in a research report on Wednesday. BMO Capital Markets has "Hold" rating and $18.0 target. Jefferies Group LLC reaffirmed a "buy" rating and issued a $20.00 price target (down previously from $24.00) on shares of Barrick Gold Corporation in a research note on Friday, July 14th. Argus Research upgraded Barrick Gold Corp (USA) (NYSE:ABX) rating on Tuesday, March 15. The firm has "Hold" rating given on Wednesday, August 12 by JP Morgan. Jefferies maintained it with "Buy" rating and $9500 target in Thursday, August 3 report. As per Friday, February 19, the company rating was downgraded by Mackie.


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