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Allianz Asset Management GmbH Grows Stake in Barrick Gold Corp (NYSE:ABX)

13 March 2018

Jefferies Group set a $17.00 price target on shares of Barrick Gold and gave the stock a "buy" rating in a research note on Thursday, February 15th. The hedge fund held 342,809 shares of the building products company at the end of 2017Q3, valued at $58.72 million, up from 337,759 at the end of the previous reported quarter. Barrick Gold Corp. has $29 highest and $7.50 lowest target. The stock increased 2.62% or $0.31 during the last trading session, reaching $12.13. About 4.86 million shares traded. RBC Capital Markets maintained Barrick Gold Corporation (NYSE:ABX) rating on Monday, August 21. It has underperformed by 24.96% the S&P500. Therefore 29% are positive. The firm earned "Buy" rating on Thursday, August 13 by Deutsche Bank. The company was downgraded on Friday, January 27 by Roth Capital. Mackie downgraded Barrick Gold Corporation (NYSE:ABX) on Friday, February 19 to "Hold" rating. The rating was maintained by Jefferies on Monday, September 18 with "Buy". Stifel Nicolaus maintained it with "Buy" rating and $63.0 target in Monday, October 23 report. As per Wednesday, November 4, the company rating was downgraded by Goldman Sachs. The Stock now has a Weekly Volatility of 1.89% and Monthly Volatility of 2.80%. The rating was upgraded by Sterne Agee CRT on Friday, January 8 to "Buy".

Investors sentiment decreased to 1.05 in Q3 2017. Its down 0.07, from 0.95 in 2017Q2.

Bluestein R H & Company increased Nvidia Corp (NASDAQ:NVDA) stake by 110,352 shares to 121,277 valued at $21.68M in 2017Q3. 32 funds opened positions while 52 raised stakes. Royal Bankshares Of Canada has invested 0% in Orion Energy Systems, Inc (NASDAQ:OESX). Ubs Asset Management Americas accumulated 785,793 shares. First City Capital has 0.53% invested in Acuity Brands, Inc. The institutional investor held 28.68M shares of the precious metals company at the end of 2017Q3, valued at $461.43M, up from 26.53M at the end of the previous reported quarter. Baystate Wealth Limited Liability holds 0% or 30 shares in its portfolio. Fruth Investment Management purchased a new position in shares of Barrick Gold in the 4th quarter worth about $150,000. APG Asset Management N.V. boosted its holdings in shares of Barrick Gold by 1.1% in the fourth quarter. 116,148 were accumulated by Geode Ltd Liability. Menta Ltd Liability Corporation reported 14,195 shares. Prudential Financial Inc has 0% invested in Orion Energy Systems, Inc (NASDAQ:OESX) for 103,000 shares. California Employees Retirement invested in 0.01% or 153,200 shares. Retail Bank Of America De accumulated 0% or 74,047 shares. Aqr Cap Mngmt Lc invested in 0% or 14,026 shares. Greenleaf Trust has 196 shares for 0% of their portfolio. It closed at $115 lastly. It has underperformed by 47.88% the S&P500. The company has market cap of $25.16 million.

Qcm Cayman Ltd decreased its stake in Barrick Gold Corp (ABX) by 69.83% based on its latest 2017Q3 regulatory filing with the SEC. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Therefore 93% are positive. Morgan Stanley lowered their target price on Barrick Gold from $16.00 to $15.00 and set an equal weight rating on the stock in a research report on Wednesday, February 28th.

Analysts await Barrick Gold Corporation (NYSE:ABX) to report earnings on April, 23. BMO Capital Markets set a $16.00 price objective on Barrick Gold and gave the stock a hold rating in a report on Tuesday, December 19th. The rating was downgraded by BMO Capital Markets to "Market Perform" on Thursday, July 6. The firm has a market capitalization of $18,190.00, a price-to-earnings ratio of 12.99 and a beta of -0.61.

Barrick Gold (NYSE:ABX) (TSE:ABX) last announced its quarterly earnings data on Wednesday, February 14th. The company presently has an average rating of "Hold" and a consensus price target of $17.38. RBC Capital Markets maintained the shares of PF in report on Friday, October 27 with "Buy" rating. On Thursday, February 1 the stock rating was maintained by Mizuho with "Hold".

More notable recent Barrick Gold Corporation (NYSE:ABX) news were published by: Fool.ca which released: "Contrarian Investors: Is Barrick Gold Corp. a Buy for 2018?" on December 22, 2017, also Fool.ca with their article: "Gold Tops US$1350: Is Barrick Gold Corp. a Buy Today?" published on September 12, 2017, Fool.ca published: "Barrick Gold Corp.: Buy or Sell?" on July 24, 2017. It also reduced Guggenheim Bulletshrs 2017 Corp Bd Etf (BSCH) stake by 127,159 shares and now owns 212,574 shares. Charles Schwab Corp/The (NYSE:SCHW) was raised too.

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