Regal Investment Advisors LLC Has $177,000 Stake in Barrick Gold Corporation (ABX)

Regal Investment Advisors LLC lowered its stake in Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) by 21.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,111 shares of the basic materials company’s stock after selling 3,047 shares during the quarter. Regal Investment Advisors LLC’s holdings in Barrick Gold Corporation were worth $177,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of ABX. Rothschild Investment Corp IL raised its stake in Barrick Gold Corporation by 148.6% during the 2nd quarter. Rothschild Investment Corp IL now owns 49,775 shares of the basic materials company’s stock worth $792,000 after buying an additional 29,750 shares during the period. Arlington Capital Management Inc. raised its stake in Barrick Gold Corporation by 4.4% during the 1st quarter. Arlington Capital Management Inc. now owns 850,132 shares of the basic materials company’s stock worth $16,144,000 after buying an additional 35,481 shares during the period. Morgan Stanley raised its stake in Barrick Gold Corporation by 40.9% during the 1st quarter. Morgan Stanley now owns 3,754,302 shares of the basic materials company’s stock worth $71,294,000 after buying an additional 1,090,729 shares during the period. Ruffer LLP raised its stake in Barrick Gold Corporation by 17.2% during the 1st quarter. Ruffer LLP now owns 784,554 shares of the basic materials company’s stock worth $15,270,000 after buying an additional 115,229 shares during the period. Finally, Gateway Investment Advisers LLC raised its stake in Barrick Gold Corporation by 23.1% during the 2nd quarter. Gateway Investment Advisers LLC now owns 24,888 shares of the basic materials company’s stock worth $396,000 after buying an additional 4,675 shares during the period. 55.65% of the stock is currently owned by institutional investors.

Barrick Gold Corporation (NYSE:ABX) opened at 17.41 on Tuesday. Barrick Gold Corporation has a one year low of $13.81 and a one year high of $20.78. The company has a market cap of $20.30 billion, a PE ratio of 8.62 and a beta of -0.29. The stock has a 50 day moving average price of $17.05 and a 200 day moving average price of $17.28.

Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) last posted its earnings results on Wednesday, July 26th. The basic materials company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.17 by $0.05. The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.03 billion. Barrick Gold Corporation had a net margin of 26.95% and a return on equity of 8.91%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.14 earnings per share. On average, equities analysts anticipate that Barrick Gold Corporation will post $0.74 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Tuesday, August 29th. Barrick Gold Corporation’s payout ratio is presently 5.94%.

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Several brokerages recently commented on ABX. TD Securities reaffirmed a “hold” rating on shares of Barrick Gold Corporation in a research note on Sunday, May 28th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $21.00 price objective on shares of Barrick Gold Corporation in a research note on Tuesday, July 18th. Jefferies Group LLC set a $20.00 price objective on Barrick Gold Corporation and gave the stock a “buy” rating in a research note on Tuesday, August 15th. Raymond James Financial, Inc. reaffirmed a “market perform” rating and set a $19.00 price objective on shares of Barrick Gold Corporation in a research note on Thursday, June 15th. Finally, Zacks Investment Research downgraded Barrick Gold Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $20.59.

About Barrick Gold Corporation

Barrick Gold Corporation (Barrick) is a gold mining company. The Company is principally engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company’s segments include Goldstrike, Cortez, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Acacia Mining plc (Acacia), Pascua-Lama and Other Mines.

Institutional Ownership by Quarter for Barrick Gold Corporation (NYSE:ABX)

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