1832 Asset Management LP Has Lifted By $4.58 Million Its Barrick Gold (ABX) Stake; Appliance Recycling Centers American (ARCI) Shorts Raised By 17.07%

July 28, 2017 - By Peter Erickson

1832 Asset Management Lp increased Barrick Gold Corp (ABX) stake by 3661.37% reported in 2016Q4 SEC filing. 1832 Asset Management Lp acquired 286,392 shares as Barrick Gold Corp (ABX)’s stock declined 17.45%. The 1832 Asset Management Lp holds 294,214 shares with $4.72M value, up from 7,822 last quarter. Barrick Gold Corp now has $19.52 billion valuation. The stock rose 1.21% or $0.2 reaching $16.73 per share. About 8.05 million shares traded. Barrick Gold Corp (USA) (NYSE:ABX) has declined 8.26% since July 28, 2016 and is downtrending. It has underperformed by 24.96% the S&P500.

Appliance Recycling Centers American (NASDAQ:ARCI) had an increase of 17.07% in short interest. ARCI’s SI was 4,800 shares in July as released by FINRA. Its up 17.07% from 4,100 shares previously. The SI to Appliance Recycling Centers American’s float is 0.11%. About 7,724 shares traded. Appliance Recycling Centers of America (NASDAQ:ARCI) has declined 27.42% since July 28, 2016 and is downtrending. It has underperformed by 44.12% the S&P500.

Among 23 analysts covering Barrick Gold Corp. (NYSE:ABX), 11 have Buy rating, 0 Sell and 12 Hold. Therefore 48% are positive. Barrick Gold Corp. had 65 analyst reports since August 6, 2015 according to SRatingsIntel. Goldman Sachs maintained the stock with “Buy” rating in Wednesday, October 5 report. RBC Capital Markets maintained Barrick Gold Corp (USA) (NYSE:ABX) rating on Friday, September 18. RBC Capital Markets has “Sector Perform” rating and $8 target. The firm earned “Hold” rating on Wednesday, December 21 by TD Securities. Berenberg initiated the shares of ABX in report on Wednesday, September 7 with “Sell” rating. The stock of Barrick Gold Corp (USA) (NYSE:ABX) has “Neutral” rating given on Wednesday, August 19 by Macquarie Research. The firm earned “Buy” rating on Thursday, July 14 by Jefferies. The stock of Barrick Gold Corp (USA) (NYSE:ABX) has “Neutral” rating given on Tuesday, February 16 by Clarkson Capital. The stock of Barrick Gold Corp (USA) (NYSE:ABX) earned “Outperform” rating by IBC on Monday, June 27. Citigroup initiated it with “Buy” rating and $29 target in Tuesday, August 2 report. The firm earned “Buy” rating on Tuesday, September 8 by HSBC.

1832 Asset Management Lp decreased Target Corp (NYSE:TGT) stake by 26,183 shares to 31,539 valued at $2.28 million in 2016Q4. It also reduced General Electric Co (NYSE:GE) stake by 26,862 shares and now owns 2.45 million shares. Brookfield Ppty Partners LP (NYSE:BPY) was reduced too.

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