Capital Innovations LLC Raises Stake in Barrick Gold Corporation (ABX)

Andrew Cummings
October 11, 2017


The stock now shows its YTD (Year to Date) performance of 4.51 percent, whereas its Weekly performance stands at 3.66%. The institutional investor held 8,304 shares of the energy company at the end of 2017Q2, valued at $752,000, up from 4,040 at the end of the previous reported quarter. Maverick Capital Ltd who had been investing in Home Depot Inc for a number of months, seems to be bullish on the $194.55B market cap company. Advisors Asset Management Inc. now owns 6,588 shares of the basic materials company's stock worth $105,000 after acquiring an additional 3,543 shares during the period. OCI Partners LP (NYSE:OCIP) has risen 48.18% since October 10, 2016 and is uptrending. It has outperformed by 0.45% the S&P500.

Sell-side equity research typically includes analyst views on the future price of company stock. Therefore 74% are positive. HC Wainwright reissued a "buy" rating and issued a $9.75 price objective on shares of Pershing Gold Corp in a research report on Thursday, April 6th. BMO Capital Markets has "Hold" rating and $18.0 target. Barrick Gold Corporation has an average rating of "Hold" and an average target price of $20.15. The rating was maintained by BMO Capital Markets on Monday, August 21 with "Hold". The company was upgraded on Monday, April 18 by Clarkson Platou. The stock has "Buy" rating by RBC Capital Markets on Thursday, May 25. The rating was downgraded by TD Securities to "Hold" on Wednesday, December 21.

Investors sentiment increased to 0.95 in Q2 2017. Its up Infinity, from 0 in 2017Q1. It fall, as 3 investors sold ACSF shares while 9 reduced holdings. ABX's SI was 13.39 million shares in October as released by FINRA. Manufacturers Life Insur Co The holds 0% or 2,584 shares in its portfolio. Monarch Prns Asset Management Ltd Liability Corporation owns 0.78% invested in MRC Global Inc (NYSE:MRC) for 477,591 shares. 74,833 were reported by Oak Ridge Ltd Company. Hsbc Holdings Public Limited has invested 0.69% in Home Depot Inc (NYSE:HD). The Beta factor for the stock is listed at 0.53. Meiji Yasuda Life Insur invested 0.88% in Home Depot Inc (NYSE:HD). On Tuesday, February 9 the stock rating was downgraded by Keefe Bruyette & Woods to "Market Perform". Moreover, Waverton Investment Mgmt has 4.06% invested in EOG Resources Inc (NYSE:EOG).

Muzinich & Company, which manages about $22.20B and $1.14B US Long portfolio, decreased its stake in Woori Bank (Prn) by 500,000 shares to 400,000 shares, valued at $401,000 in 2017Q2, according to the filing. The rating was upgraded by Stifel Nicolaus on Wednesday, August 16 to "Buy".

Digging deeping into the Barrick Gold Corporation (ABR.DE) 's technical indicators, we note that the Williams Percent Range or 14 day Williams %R now sits at -28.57.

General Motors Company was covered by a number of analysts recently, 5 rated the stock as Buy, 5 rated Outperform, 13 rated Hold, 2 gave an Underperform and 0 rated sell. Therefore 44% are positive.

Analysts are also projecting an Average Revenue Estimate for Barrick Gold Corporation as $2.1 Million in the Current Quarter. The stock has "Hold" rating by Canaccord Genuity on Tuesday, May 3. On Wednesday, August 10 the stock rating was maintained by Citigroup with "Neutral". The firm has "Sell" rating by Mackie given on Monday, June 20.

The company's consensus rating on Reuter's scale remained unchanged from 2.48 to 2.48 during a month. The stock of Barrick Gold Corp (USA) (NYSE:ABX) earned "Hold" rating by TD Securities on Thursday, May 25. The rating was maintained by RBC Capital Markets on Tuesday, July 18 with "Buy".

Traders might be scanning the indicators on shares of Barrick Gold Corp (ABX). The stock has "Buy" rating by Jefferies on Tuesday, August 15.

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