Traders are feeling more bearish on shares of the company if you pay attention to the change in short interest. The firm recorded a rise in short interest of 16.58% as of the latest report on August 31, 2017. Short shares grew from 11,483,125 to 13,386,553 over that timeframe. With short interest at 13,386,553 and short average daily volume at 9,144,107, the short-interest ratio is 1.0 and the percentage of shorted shares was 0.01% on August 31.
These funds have shifted positions in (ABX). As of quarter end Exane Derivatives had bought 41,114 shares growing its position 15.2%. The value of the investment in (ABX) increased from $5,171,000 to $4,954,066,000 a change of $4,948,895,000 for the reporting period. As of the end of the quarter Cantab Capital Partners Llp had disposed of a total of 4,353 shares trimming its stake by 17.6%. The value of the company’s investment in Barrick Gold Corporation went from $470,000 to $324,000,000 increasing 68,836.2% since the last quarter.
As of quarter end Majedie Asset Management Ltd had bought 1,360,514 shares growing its holdings by 7.8%. The value of the total investment in Barrick Gold Corporation went from $332,242,000 to $300,001,000 a change of 9.7% quarter to quarter. Next Financial Group, Inc divested its holdings by selling 1,000 shares a decrease of 15.6% as of 06/30/2017. Next Financial Group, Inc now holds 5,400 shares worth $86,000,000. The total value of its holdings increased 80,273.8%.
On July 6 the company was changed to “Hold” in a report from BMO Capital a cut from the previous “Outperform” rating. On June 29 the company was upgraded from “Sell” to “Hold” by Berenberg.
The company is now up by 0.93%% since yesterday’s close of 17.14. Barrick Gold Corporation also recently announced a dividend for shareholders which was paid on Friday the 15th of September 2017. The dividend payment was $0.030 per share for the quarter which is $0.12 annualized. This dividend amount represented a yeild of $0.70. The ex-dividend date was Tuesday the 29th of August 2017.
Shares are trading at $17.30 marginally over the 50 day moving average which is $17.20 and slightly over the 200 day moving average of $17.25. The 50 day moving average was up by +0.58% whereas the 200 day average was up by +0.27%.
Barrick Gold Corporation currently has a P/E ratio of 8.56 and the market value is 20.17B. In the latest earnings report the EPS was $2.02 and is projected to be $0.74 for the current year with 1,166,003,000 shares presently outstanding. Next quarter’s EPS is forecasted at $0.20 and the next full year EPS is projected to be $0.78.
Barrick Gold Corporation (Barrick), launched on March 10, 1995, 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 Business’s segments include Goldstrike, Cortez, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Acacia Mining plc (Acacia), Pascua-Lama and Other Mines. Goldstrike, Cortez, Pueblo Viejo, Lagunas Norte, Veladero and Turquoise Ridge are its individual gold mines. The Company, through its subsidiary, Acacia, owns gold mines and exploration properties in Africa. It also holds interest in gold mines, including Porgera and Kalgoorlie, and copper mines, such as Zaldivar and Lumwana. The Pascua-Lama project is located on the border between Chile and Argentina. The Company has nine producing gold mines, which are located in Canada, the United States, Peru, Argentina, Australia and the Dominican Republic. It also holds an interest in a producing mine in Papua New Guinea. Its copper business includes a copper mine in Zambia, and its interests in copper mines in Chile and Saudi Arabia. It also has projects located throughout the Americas..