Barrick Gold (ABX) Holder Sun Valley Gold Has Decreased Its Position as Share Price Declined; Aes (AES) Holder Avenir Has Lowered Holding by $1.60 Million as Market Valuation Declined

February 15, 2018 - By Louis Casey

Peter Franklin Palmedo decreased its stake in Barrick Gold Corp (ABX) by 55.15% based on its latest 2017Q3 regulatory filing with the SEC. Sun Valley Gold Llc sold 38,000 shares as the company’s stock declined 17.45% while stock markets rallied. The hedge fund run by Peter Franklin Palmedo held 30,903 shares of the precious metals company at the end of 2017Q3, valued at $497,000, down from 68,903 at the end of the previous reported quarter. Sun Valley Gold Llc who had been investing in Barrick Gold Corp for a number of months, seems to be less bullish one the $15.76B market cap company. The stock increased 3.25% or $0.43 during the last trading session, reaching $13.65. About 17.50 million shares traded or 54.84% up from the average. Barrick Gold Corporation (NYSE:ABX) has declined 8.26% since February 15, 2017 and is downtrending. It has underperformed by 24.96% the S&P500.

Avenir Corp decreased its stake in Aes Corp (AES) by 4.19% based on its latest 2017Q3 regulatory filing with the SEC. Avenir Corp sold 145,552 shares as the company’s stock declined 2.27% while stock markets rallied. The institutional investor held 3.33M shares of the central company at the end of 2017Q3, valued at $36.68 million, down from 3.47M at the end of the previous reported quarter. Avenir Corp who had been investing in Aes Corp for a number of months, seems to be less bullish one the $6.78 billion market cap company. The stock decreased 0.48% or $0.05 during the last trading session, reaching $10.27. About 5.93 million shares traded. The AES Corporation (NYSE:AES) has risen 4.28% since February 15, 2017 and is uptrending. It has underperformed by 12.42% the S&P500.

Among 24 analysts covering Barrick Gold Corp. (NYSE:ABX), 8 have Buy rating, 1 Sell and 15 Hold. Therefore 33% are positive. Barrick Gold Corp. had 82 analyst reports since August 6, 2015 according to SRatingsIntel. As per Friday, April 7, the company rating was maintained by Jefferies. The stock has “Buy” rating by Jefferies on Friday, July 14. Credit Suisse downgraded it to “Hold” rating and $19.0 target in Thursday, October 26 report. The company was initiated on Tuesday, August 9 by Morgan Stanley. The stock of Barrick Gold Corporation (NYSE:ABX) earned “Buy” rating by Deutsche Bank on Thursday, August 13. The company was maintained on Thursday, October 19 by Jefferies. Goldman Sachs maintained it with “Buy” rating and $27 target in Wednesday, October 5 report. As per Monday, June 20, the company rating was downgraded by Mackie. RBC Capital Markets maintained it with “Buy” rating and $21.0 target in Monday, October 30 report. The rating was maintained by BMO Capital Markets on Monday, August 21 with “Hold”.

Analysts await Barrick Gold Corporation (NYSE:ABX) to report earnings on February, 21. They expect $0.21 EPS, down 4.55% or $0.01 from last year’s $0.22 per share. ABX’s profit will be $242.52M for 16.25 P/E if the $0.21 EPS becomes a reality. After $0.16 actual EPS reported by Barrick Gold Corporation for the previous quarter, Wall Street now forecasts 31.25% EPS growth.

Investors sentiment increased to 1.32 in Q3 2017. Its up 0.31, from 1.01 in 2017Q2. It is positive, as 29 investors sold AES shares while 132 reduced holdings. 45 funds opened positions while 168 raised stakes. 596.31 million shares or 1.11% less from 603.00 million shares in 2017Q2 were reported. Nine Chapters Capital Management Ltd Company reported 68,900 shares or 1.67% of all its holdings. D E Shaw & Inc holds 0.02% of its portfolio in The AES Corporation (NYSE:AES) for 1.20M shares. Janney Capital Mgmt Llc accumulated 972,721 shares. Royal Financial Bank Of Canada stated it has 2.00 million shares. Shell Asset has 107,106 shares for 0.03% of their portfolio. Exxonmobil Mgmt Tx has invested 0.03% of its portfolio in The AES Corporation (NYSE:AES). 4,850 are owned by Sun Life Financial Inc. Raymond James Trust Na invested 0.01% of its portfolio in The AES Corporation (NYSE:AES). 4.94 million are owned by Aqr Capital Mngmt Limited. Foster Motley invested in 0.05% or 25,401 shares. Buckhead Capital Mngmt Ltd Com has 0.78% invested in The AES Corporation (NYSE:AES) for 330,000 shares. First Mercantile Trust holds 0.16% or 79,196 shares in its portfolio. Fulton Comml Bank Na holds 14,940 shares. Kwmg Llc accumulated 0.55% or 151,806 shares. Lenox Wealth Mngmt has 1,600 shares.

Analysts await The AES Corporation (NYSE:AES) to report earnings on February, 26. They expect $0.32 EPS, down 8.57% or $0.03 from last year’s $0.35 per share. AES’s profit will be $211.32 million for 8.02 P/E if the $0.32 EPS becomes a reality. After $0.24 actual EPS reported by The AES Corporation for the previous quarter, Wall Street now forecasts 33.33% EPS growth.

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By1 Louis Casey

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