Mining Stock Reviews

SEC 13F Narrative: Barrick Gold Corp (ABX) Stock Value Rose While Group One Trading LP Raised Holding by $13.57 Million

SEC 13F Narrative: Barrick Gold Corp (ABX) Stock Value Rose While Group One Trading LP Raised Holding by $13.57 Million

Group One Trading Lp increased its stake in Barrick Gold Corp (ABX) by 43% based on its latest 2016Q2 regulatory filing with the SEC. Group One Trading Lp bought 646,015 shares as the company’s stock rose 56.41% with the market. The institutional investor held 2.15M shares of the precious metals company at the end of 2016Q2, valued at $45.87M, up from 1.50M at the end of the previous reported quarter. Group One Trading Lp who had been investing in Barrick Gold Corp for a number of months, seems to be bullish on the $18.42B market cap company. The stock decreased 8.58% or $1.48 during the last trading session, hitting $15.77. About 42,953 shares traded hands. Barrick Gold Corporation (USA) (NYSE:ABX) has declined 3.31% since April 11, 2016 and is downtrending. It has underperformed by 9.46% the S&P500.

Group One Trading Lp, which manages about $8.45B US Long portfolio, decreased its stake in Continental Resources Inc (Put) by 68,400 shares to 152,100 shares, valued at $6.89M in 2016Q2, according to the filing. It also reduced its holding in United States Stl Corp New (Put) by 638,600 shares in the quarter, leaving it with 1.29 million shares, and cut its stake in Newell Brands Inc (Call).

More notable recent Barrick Gold Corporation (USA) (NYSE:ABX) news were published by: Investorplace.com which released: “Why Barrick Gold Corporation (USA) (ABX), Sturm Ruger & Company Inc (RGR) and …” on November 10, 2016, also Investorplace.com with their article: “Why EarthLink Holdings Corp. (ELNK), GoPro Inc (GPRO) and Barrick Gold …” published on November 07, 2016, Investorplace.com published: “Barrick Gold Corporation (USA) (ABX)” on August 24, 2016. More interesting news about Barrick Gold Corporation (USA) (NYSE:ABX) were released by: Investorplace.com and their article: “Barrick Gold Corporation (USA): 3 Pros, 3 Cons of ABX Stock” published on September 08, 2016 as well as Investorplace.com‘s news article titled: “Trade of the Day: Barrick Gold Corporation (USA) (NYSE:ABX)” with publication date: October 10, 2016.

According to Zacks Investment Research, “Barrick Gold Corporation is a leading international gold producer with low-cost mines in North and South America.”

For more on this article please go to Chesterindependent.com

Analyst Review: Gold Fields Limited (NYSE:GFI)

A number of investment brokers have recently updated their price targets on shares of Gold Fields Limited (NYSE:GFI).

Most recent broker ratings

11/07/2016 – Gold Fields Limited had its “outperform” rating reiterated by analysts at RBC Capital.

08/18/2016 – Gold Fields Limited had its “sell” rating reiterated by analysts at Citigroup.

07/12/2016 – Gold Fields Limited was downgraded to “neutral” by analysts at JP Morgan.

07/08/2016 – Gold Fields Limited was upgraded to “buy” by analysts at Goldman Sachs.

03/15/2016 – Gold Fields Limited had its “neutral” rating reiterated by analysts at Macquarie.

08/31/2015 – Gold Fields Limited was upgraded to “sector perform” by analysts at Scotiabank.

05/26/2015 – Gold Fields Limited was upgraded to “buy” by analysts at HSBC.

05/26/2015 – Gold Fields Limited was upgraded to “hold” by analysts at Deutsche Bank.

05/13/2015 – Gold Fields Limited was upgraded to “neutral” by analysts at UBS.

05/12/2015 – Gold Fields Limited was downgraded to “hold” by analysts at Zacks.

01/20/2015 – Gold Fields Limited was downgraded to “sector perform” by analysts at CIBC.

02/21/2014 – Gold Fields Limited was upgraded to “overweight” by analysts at EVA Dimensions.

02/20/2014 – Gold Fields Limited was downgraded to “sell” by analysts at TheStreet.

02/18/2014 – Gold Fields Limited was downgraded to “equal weight” by analysts at Morgan Stanley.

11/25/2013 – Gold Fields Limited was upgraded to “neutral” by analysts at Bank of America Merrill Lynch. They now have a USD 4.7 price target on the stock.

The share price of Gold Fields Limited (NYSE:GFI) was down -8.78% during the last day of trading, with a day high of 4.02. 8979107 shares were traded during the last session.

The stock’s 50 day moving average is 4.34 and its 200 day moving average is 4.86. The stock’s market capitalization is 3.07B. Gold Fields Limited has a 52-week low of 2.04 and a 52-week high of 6.60.

Gold Fields Limited (Gold Fields) is a gold mining company. The Company is a producer of gold and a holder of gold reserves. The Company is involved in underground and surface gold and copper mining and related activities, including exploration, development, extraction, processing and smelting. It has approximately eight producing mines located in South Africa, Ghana, Australia and Peru. It operates through four segments: South Africa, Ghana, Australia and Peru. Its South African operation is South Deep. Gold Fields also owns the St. Ives mine, the Agnew mine and the Yilgarn South Assets in Australia and has an interest in each of the Tarkwa gold mine and the Damang gold mine in Ghana. Gold Fields also owns an economic interest in the Cerro Corona mine. In Peru, Gold Fields also produces copper. In addition, Gold Fields has gold and other precious metal exploration activities and interests in Africa, Eurasia, Australasia and the Americas.
This information courtesy of Newsden.net
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