Barrick Gold Corporation (ABX) Position Decreased by Bluestein R H & Co.

Bluestein R H & Co. reduced its position in shares of Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) by 31.7% during the fourth quarter, Holdings Channel reports. The firm owned 1,950,535 shares of the company’s stock after selling 905,349 shares during the period. Barrick Gold Corporation accounts for approximately 2.0% of Bluestein R H & Co.’s holdings, making the stock its 26th largest position. Bluestein R H & Co. owned 0.17% of Barrick Gold Corporation worth $31,170,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of ABX. Commerzbank Aktiengesellschaft FI raised its stake in Barrick Gold Corporation by 34.2% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 8,197,244 shares of the company’s stock valued at $175,011,000 after buying an additional 2,088,846 shares during the period. AGF Investments Inc. boosted its position in Barrick Gold Corporation by 100.8% in the second quarter. AGF Investments Inc. now owns 274,214 shares of the company’s stock valued at $5,852,000 after buying an additional 137,660 shares during the period. Arlington Capital Management Inc. boosted its position in Barrick Gold Corporation by 4.6% in the second quarter. Arlington Capital Management Inc. now owns 759,106 shares of the company’s stock valued at $16,207,000 after buying an additional 33,608 shares during the period. Bourgeon Capital Management LLC purchased a new position in Barrick Gold Corporation during the second quarter valued at approximately $213,000. Finally, Welch & Forbes LLC boosted its position in Barrick Gold Corporation by 2.2% in the second quarter. Welch & Forbes LLC now owns 61,359 shares of the company’s stock valued at $1,311,000 after buying an additional 1,334 shares during the period. Institutional investors and hedge funds own 58.61% of the company’s stock.

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

Barrick Gold Corporation (NYSE:ABX) traded down 0.77% on Tuesday, hitting $19.27. 14,024,355 shares of the stock were exchanged. Barrick Gold Corporation has a one year low of $11.50 and a one year high of $23.47. The stock’s market capitalization is $22.46 billion. The company has a 50 day moving average of $17.65 and a 200 day moving average of $17.41.

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Several research firms have commented on ABX. BMO Capital Markets set a $20.00 target price on shares of Barrick Gold Corporation and gave the stock a “buy” rating in a research report on Thursday, February 2nd. Barclays PLC reiterated a “hold” rating and issued a $20.00 price objective on shares of Barrick Gold Corporation in a report on Wednesday, January 11th. Berenberg Bank restated a “sell” rating and set a $15.20 target price on shares of Barrick Gold Corporation in a report on Friday, January 20th. Citigroup Inc. restated a “buy” rating on shares of Barrick Gold Corporation in a report on Monday, October 17th. Finally, RBC Capital Markets restated a “hold” rating and set a $19.00 target price on shares of Barrick Gold Corporation in a report on Tuesday, January 3rd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $20.89.

Barrick Gold Corporation Company Profile

Barrick Gold Corporation (Barrick) is engaged in the production and sale of gold, as well as related activities, such as exploration and mine development. The Company produces copper, principally from its Zaldivar joint venture and Lumwana mine, and holds other interests. Barricks’ segments include Cortez, Goldstrike, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Porgera, Kalgoorlie, Acacia Mining plc, Lumwana, Zaldivar and Pascua-Lama Project.

5 Day Chart for NYSE:ABX

Want to see what other hedge funds are holding ABX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Barrick Gold Corporation (NYSE:ABX) (TSE:ABX).

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