Amici Capital LLC Has Increased Barrick Gold Corp (Call) (ABX) Holding

July 17, 2017 - By Marie Mckinney

Paul Orlin increased its stake in Barrick Gold Corp (Call) (ABX) by 15024.7% based on its latest 2016Q4 regulatory filing with the SEC. Amici Capital Llc bought 439,773 shares as the company’s stock declined 17.45% while stock markets rallied. The hedge fund run by Paul Orlin held 442,700 shares of the precious metals company at the end of 2016Q4, valued at $7.07M, up from 2,927 at the end of the previous reported quarter. Amici Capital Llc who had been investing in Barrick Gold Corp (Call) for a number of months, seems to be bullish on the $19.11 billion market cap company. The stock rose 0.69% or $0.11 reaching $16.1 per share. About 5.78M shares traded. Barrick Gold Corp (USA) (NYSE:ABX) has declined 8.26% since July 17, 2016 and is downtrending. It has underperformed by 24.96% the S&P500.

Amici Capital Llc, which manages about $3.91B and $257.32 million US Long portfolio, decreased its stake in Biomarin Pharmaceutical Inc (NASDAQ:BMRN) by 85,199 shares to 409,818 shares, valued at $33.95 million in 2016Q4, according to the filing. It also reduced its holding in Invacare Corp (NYSE:IVC) by 240,000 shares in the quarter, leaving it with 50,000 shares, and cut its stake in Seacor Holdings Inc (Prn).

More notable recent Barrick Gold Corp (USA) (NYSE:ABX) news were published by: Fool.ca which released: “Barrick Gold Corp.: Is This the Right Time to Buy?” on July 10, 2017, also Fool.com with their article: “3 Fire-Sale Stocks: Will They Bounce Back or Burn You?” published on June 24, 2017, Fool.ca published: “Barrick Gold Corp.: Is a New Rally Underway?” on June 26, 2017. More interesting news about Barrick Gold Corp (USA) (NYSE:ABX) were released by: Fool.ca and their article: “Will Barrick Gold Corp. Come Out Unscathed From Tanzania Negotiations?” published on June 29, 2017 as well as Fool.ca‘s news article titled: “Should Kinross Gold Corporation or Barrick Gold Corp. Be in Your Portfolio?” with publication date: July 17, 2017.

Barrick Gold Corp (USA) (NYSE:ABX) Ratings Coverage

Among 23 analysts covering Barrick Gold Corp. (NYSE:ABX), 10 have Buy rating, 0 Sell and 13 Hold. Therefore 43% are positive. Barrick Gold Corp. had 63 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Sell” rating by Mackie given on Monday, June 20. TD Securities downgraded the shares of ABX in report on Wednesday, December 21 to “Hold” rating. The firm has “Buy” rating by Jefferies given on Friday, July 14. As per Wednesday, August 19, the company rating was upgraded by Macquarie Research. The firm has “Sell” rating given on Wednesday, September 7 by Berenberg. The stock of Barrick Gold Corp (USA) (NYSE:ABX) has “Hold” rating given on Friday, February 19 by Mackie. RBC Capital Markets upgraded the stock to “Outperform” rating in Thursday, March 16 report. The firm has “Buy” rating by Jefferies given on Thursday, July 14. JP Morgan maintained the stock with “Neutral” rating in Tuesday, March 15 report. The company was maintained on Thursday, May 25 by RBC Capital Markets.

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