Arga Investment Management LP Has Lowered By $603,390 Its Barclays Plc (BCS) Holding; Northern Cross Decreased Its Barrick Gold (ABX) Stake

July 25, 2017 - By Adrian Erickson

Northern Cross Llc decreased Barrick Gold Corp (ABX) stake by 3.53% reported in 2016Q4 SEC filing. Northern Cross Llc sold 372,219 shares as Barrick Gold Corp (ABX)’s stock declined 17.45%. The Northern Cross Llc holds 10.19M shares with $162.79 million value, down from 10.56 million last quarter. Barrick Gold Corp now has $17.54B valuation. The stock rose 2.33% or $0.36 reaching $15.79. About 4.40 million shares traded. Barrick Gold Corp (USA) (NYSE:ABX) has declined 8.26% since July 25, 2016 and is downtrending. It has underperformed by 24.96% the S&P500.

Arga Investment Management Lp decreased Barclays Plc (BCS) stake by 41.56% reported in 2016Q4 SEC filing. Arga Investment Management Lp sold 60,339 shares as Barclays Plc (BCS)’s stock declined 5.35%. The Arga Investment Management Lp holds 84,859 shares with $933,000 value, down from 145,198 last quarter. Barclays Plc now has $46.93 billion valuation. The stock rose 2.14% or $0.23 reaching $10.99. About 765,198 shares traded. Barclays PLC (ADR) (NYSE:BCS) has risen 11.07% since July 25, 2016 and is uptrending. It has underperformed by 5.63% the S&P500.

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 64 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Monday, June 27 by IBC. The stock of Barrick Gold Corp (USA) (NYSE:ABX) has “Buy” rating given on Tuesday, September 8 by HSBC. Canaccord Genuity downgraded Barrick Gold Corp (USA) (NYSE:ABX) on Tuesday, May 3 to “Hold” rating. Morgan Stanley initiated the stock with “Equal-Weight” rating in Tuesday, August 9 report. The stock has “Sell” rating by Berenberg on Wednesday, September 7. The stock of Barrick Gold Corp (USA) (NYSE:ABX) earned “Buy” rating by Goldman Sachs on Wednesday, October 5. As per Friday, February 19, the company rating was downgraded by Mackie. The firm has “Sell” rating given on Monday, June 20 by Mackie. The stock of Barrick Gold Corp (USA) (NYSE:ABX) has “Equal Weight” rating given on Friday, August 7 by Barclays Capital. The stock of Barrick Gold Corp (USA) (NYSE:ABX) has “Market Perform” rating given on Thursday, July 6 by BMO Capital Markets.

Analysts await Barrick Gold Corp (USA) (NYSE:ABX) to report earnings on July, 26 after the close. They expect $0.21 EPS, up 50.00% or $0.07 from last year’s $0.14 per share. ABX’s profit will be $233.27 million for 18.80 P/E if the $0.21 EPS becomes a reality. After $0.14 actual EPS reported by Barrick Gold Corp (USA) for the previous quarter, Wall Street now forecasts 50.00% EPS growth.

Among 15 analysts covering Barclays plc (ADR) (NYSE:BCS), 5 have Buy rating, 5 Sell and 5 Hold. Therefore 33% are positive. Barclays plc (ADR) had 33 analyst reports since August 19, 2015 according to SRatingsIntel. The rating was upgraded by HSBC to “Buy” on Wednesday, September 21. The company was downgraded on Wednesday, August 19 by Berenberg. The firm earned “Sell” rating on Monday, May 29 by Goldman Sachs. The firm has “Buy” rating given on Wednesday, October 19 by Investec. The stock of Barclays PLC (ADR) (NYSE:BCS) has “Outperform” rating given on Tuesday, November 29 by Credit Suisse. As per Tuesday, August 25, the company rating was upgraded by Investec. On Thursday, May 26 the stock rating was upgraded by BNP Paribas to “Positive”. The stock of Barclays PLC (ADR) (NYSE:BCS) has “Hold” rating given on Friday, November 11 by Investec. Morgan Stanley downgraded Barclays PLC (ADR) (NYSE:BCS) on Friday, November 20 to “Equal-Weight” rating. The firm earned “Buy” rating on Monday, January 9 by Deutsche Bank.

Arga Investment Management Lp increased Bp Plc (NYSE:BP) stake by 64,681 shares to 2.49 million valued at $93.24M in 2016Q4. It also upped Csx Corp (NYSE:CSX) stake by 28,100 shares and now owns 35,500 shares. Michael Kors Hldgs Ltd (NYSE:KORS) was raised too.