Foundation Resource Management Inc. Has $5.78 Million Stake in Barrick Gold Corp (TSE:ABX)

Foundation Resource Management Inc. reduced its holdings in shares of Barrick Gold Corp (TSE:ABX) (NYSE:ABX) by 4.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 421,323 shares of the basic materials company’s stock after selling 20,359 shares during the period. Barrick Gold accounts for about 1.2% of Foundation Resource Management Inc.’s investment portfolio, making the stock its 25th largest holding. Foundation Resource Management Inc.’s holdings in Barrick Gold were worth $5,776,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. First Hawaiian Bank purchased a new position in Barrick Gold during the first quarter valued at approximately $239,000. Hollencrest Capital Management lifted its holdings in shares of Barrick Gold by 159.2% in the first quarter. Hollencrest Capital Management now owns 130,250 shares of the basic materials company’s stock worth $1,786,000 after buying an additional 80,000 shares in the last quarter. Hexavest Inc. purchased a new position in shares of Barrick Gold in the first quarter worth $21,660,000. American Century Companies Inc. lifted its holdings in shares of Barrick Gold by 42.1% in the fourth quarter. American Century Companies Inc. now owns 3,196,512 shares of the basic materials company’s stock worth $43,281,000 after buying an additional 946,900 shares in the last quarter. Finally, FMR LLC lifted its holdings in shares of Barrick Gold by 123.5% in the fourth quarter. FMR LLC now owns 15,759,704 shares of the basic materials company’s stock worth $212,753,000 after buying an additional 8,709,003 shares in the last quarter.

ABX stock opened at C$16.91 on Friday. The stock has a market cap of $30.66 billion and a price-to-earnings ratio of -12.77. The company has a quick ratio of 1.20, a current ratio of 2.39 and a debt-to-equity ratio of 61.14. Barrick Gold Corp has a one year low of C$12.54 and a one year high of C$19.49.

Barrick Gold (TSE:ABX) (NYSE:ABX) last announced its quarterly earnings data on Wednesday, February 13th. The basic materials company reported C$0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.09 by C($0.01). The company had revenue of C$2.52 billion for the quarter, compared to analysts’ expectations of C$2.59 billion. Analysts predict that Barrick Gold Corp will post 0.489999985297173 earnings per share for the current year.

A number of equities research analysts recently issued reports on the stock. Canaccord Genuity decreased their price target on shares of Barrick Gold from C$19.00 to C$18.00 in a research note on Tuesday, April 23rd. Desjardins raised shares of Barrick Gold from a “hold” rating to a “buy” rating and set a C$22.00 price target on the stock in a research note on Wednesday, March 13th. GMP Securities reaffirmed a “hold” rating and set a C$17.15 price target on shares of Barrick Gold in a research note on Wednesday, February 27th. Haywood Securities upped their price target on shares of Barrick Gold from C$18.00 to C$19.00 in a research note on Thursday, February 14th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Barrick Gold from C$17.00 to C$18.00 in a research report on Wednesday, January 9th.

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Barrick Gold Company Profile

Barrick Gold Corporation explores for and develops mineral properties. The company primarily explores for gold, copper, and silver deposits. It holds a 50% interest in the Veladero, a gold mine located in Argentina; 50% interest in the Kalgoorlie gold mine located in Australia; 95% interest in the Porgera gold mine located in Papua New Guinea; 50% interest in the Zaldívar, a copper mine located in Chile; and 50% interest in the Jabal Sayid copper mine located in Saudi Arabia.

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Institutional Ownership by Quarter for Barrick Gold (TSE:ABX)

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