Ruffer Llp Upped By $14.43 Million Its Barrick Gold (ABX) Stake; Van Eck Associates Has Lifted By $1.26 Million Its Glaxosmithkline Plc (GSK) Position

January 9, 2018 - By Winifred Garcia

Ruffer Llp increased Barrick Gold Corp (ABX) stake by 74.49% reported in 2017Q3 SEC filing. Ruffer Llp acquired 902,070 shares as Barrick Gold Corp (ABX)’s stock declined 17.45%. The Ruffer Llp holds 2.11M shares with $34.01 million value, up from 1.21M last quarter. Barrick Gold Corp now has $16.84B valuation. The stock decreased 0.54% or $0.08 during the last trading session, reaching $14.66. About 2.83M shares traded. Barrick Gold Corporation (NYSE:ABX) has declined 8.26% since January 9, 2017 and is downtrending. It has underperformed by 24.96% the S&P500.

Van Eck Associates Corp increased Glaxosmithkline Plc (GSK) stake by 10.14% reported in 2017Q3 SEC filing. Van Eck Associates Corp acquired 31,611 shares as Glaxosmithkline Plc (GSK)’s stock rose 5.47%. The Van Eck Associates Corp holds 343,461 shares with $13.95 million value, up from 311,850 last quarter. Glaxosmithkline Plc now has $86.18 billion valuation. The stock decreased 1.31% or $0.49 during the last trading session, reaching $36.91. About 2.53 million shares traded. GlaxoSmithKline plc (NYSE:GSK) has risen 4.26% since January 9, 2017 and is uptrending. It has underperformed by 12.44% 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 81 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Monday, October 30 by RBC Capital Markets. The rating was upgraded by Mackie to “Hold” on Monday, October 31. The stock has “Buy” rating by Jefferies on Tuesday, June 20. The rating was initiated by Citigroup on Tuesday, August 2 with “Buy”. Berenberg upgraded the shares of ABX in report on Thursday, June 29 to “Hold” rating. The stock of Barrick Gold Corporation (NYSE:ABX) earned “Sector Perform” rating by RBC Capital Markets on Wednesday, November 1. The company was maintained on Monday, June 12 by RBC Capital Markets. Sterne Agee CRT upgraded the stock to “Buy” rating in Friday, January 8 report. The firm earned “Buy” rating on Thursday, May 25 by RBC Capital Markets. Credit Suisse downgraded the stock to “Hold” rating in Thursday, October 26 report.

Ruffer Llp decreased Alphabet Inc stake by 542 shares to 2,816 valued at $2.74M in 2017Q3. It also reduced Wal Mart Stores Inc (NYSE:WMT) stake by 12,697 shares and now owns 8,699 shares. Apple Inc (NASDAQ:AAPL) was reduced too.

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