Oppenheimer & Co. Inc. Has $949,000 Position in Barrick Gold Corp (ABX)

Share on StockTwits

Oppenheimer & Co. Inc. trimmed its stake in Barrick Gold Corp (TSE:ABX) (NYSE:ABX) by 47.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 69,161 shares of the basic materials company’s stock after selling 62,001 shares during the period. Oppenheimer & Co. Inc.’s holdings in Barrick Gold were worth $949,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in ABX. First Financial Corp IN purchased a new stake in shares of Barrick Gold in the 1st quarter worth approximately $28,000. CWM LLC lifted its position in shares of Barrick Gold by 100.1% in the 1st quarter. CWM LLC now owns 2,698 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 1,350 shares during the period. Hudock Capital Group LLC lifted its position in shares of Barrick Gold by 23.2% in the 1st quarter. Hudock Capital Group LLC now owns 3,336 shares of the basic materials company’s stock worth $45,000 after purchasing an additional 628 shares during the period. Lindbrook Capital LLC lifted its position in shares of Barrick Gold by 270.2% in the 1st quarter. Lindbrook Capital LLC now owns 4,687 shares of the basic materials company’s stock worth $64,000 after purchasing an additional 3,421 shares during the period. Finally, Edge Wealth Management LLC purchased a new stake in shares of Barrick Gold in the 1st quarter worth approximately $74,000.

TSE:ABX opened at C$16.85 on Friday. Barrick Gold Corp has a 52 week low of C$12.54 and a 52 week high of C$19.49. The company has a debt-to-equity ratio of 61.14, a current ratio of 2.39 and a quick ratio of 1.20. The company has a market cap of $30.66 billion and a P/E ratio of -12.73.

Barrick Gold (TSE:ABX) (NYSE:ABX) last posted its earnings results on Wednesday, February 13th. The basic materials company reported C$0.08 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.09 by C($0.01). The company had revenue of C$2.52 billion for the quarter, compared to the consensus estimate of C$2.59 billion. As a group, equities analysts anticipate that Barrick Gold Corp will post 0.489999985297173 EPS for the current fiscal year.

ABX has been the subject of several research reports. JPMorgan Chase & Co. upped their price target on shares of Barrick Gold from C$17.00 to C$18.00 in a research report on Wednesday, January 9th. GMP Securities reaffirmed a “hold” rating and issued a C$17.15 price target on shares of Barrick Gold in a research report 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 report on Thursday, February 14th. Desjardins raised shares of Barrick Gold from a “hold” rating to a “buy” rating and set a C$22.00 price target for the company in a research report on Wednesday, March 13th. Finally, Canaccord Genuity lowered their price target on shares of Barrick Gold from C$19.00 to C$18.00 in a research report on Tuesday, April 23rd.

ILLEGAL ACTIVITY WARNING: “Oppenheimer & Co. Inc. Has $949,000 Position in Barrick Gold Corp (ABX)” was published by Week Herald and is owned by of Week Herald. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this piece of content can be accessed at https://weekherald.com/2019/05/03/oppenheimer-co-inc-has-949000-position-in-barrick-gold-corp-abx.html.

About Barrick Gold

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.

Read More: What is insider trading?

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 Corp (TSE:ABX) (NYSE:ABX).

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

Receive News & Ratings for Barrick Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barrick Gold and related companies with MarketBeat.com's FREE daily email newsletter.