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3M Co (MMM) Position Lifted by Banque Pictet & Cie Sa; Oldfield Partners Llp Increases Stake in Barrick Gold (ABX)

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Oldfield Partners Llp increased its stake in Barrick Gold Corp (ABX) by 1.73% based on its latest 2018Q1 regulatory filing with the SEC. Oldfield Partners Llp bought 121,600 shares as the company’s stock rose 9.57% while stock markets declined. The institutional investor held 7.14M shares of the precious metals company at the end of 2018Q1, valued at $88.89 million, up from 7.02 million at the end of the previous reported quarter. Oldfield Partners Llp who had been investing in Barrick Gold Corp for a number of months, seems to be bullish on the $15.24B market cap company. The stock increased 0.16% or $0.02 during the last trading session, reaching $12.83. About 2.58 million shares traded. Barrick Gold Corporation (NYSE:ABX) has declined 17.80% since June 18, 2017 and is downtrending. It has underperformed by 30.37% the S&P500. Some Historical ABX News: 11/04/2018 – BARRICK PRELIM. 1Q PRODUCTION 85M POUNDS OF COPPER; 09/05/2018 – BARRICK REPORTS INVESTMENT IN MIDAS GOLD; 14/05/2018 – BARRICK REPORTS CONVERSION OF PUEBLO VIEJO POWER PLANT TO NATUR; 28/03/2018 – Globalnews.ca: #BREAKING: Barrick Gold founder Peter Munk has died in Toronto at age 90; 28/03/2018 – CTV Toronto: BREAKING: Peter Munk, the founder of Barrick Gold Corp., passed away at the age of 90 in Toronto today, the; 29/05/2018 – BARRICK IS LOOKING AT OPTIONS TO EXTEND MINE LIFE IN PERU; 23/04/2018 – BARRICK GOLD CORP – COMPANY DOES NOT INTEND TO SELL ADDITIONAL ASSETS FOR PURPOSES OF DEBT REDUCTION; 23/04/2018 – Barrick earnings helped by higher gold prices; 19/03/2018 – Barrick Announces Nomination of María lgnacia Benítez as Independent Director; 14/05/2018 – BARRICK CONVERTS PUEBLO VIEJO POWER PLANT TO NATURAL GAS

Banque Pictet & Cie Sa increased its stake in 3M Co (MMM) by 3.14% based on its latest 2018Q1 regulatory filing with the SEC. Banque Pictet & Cie Sa bought 12,280 shares as the company’s stock declined 18.48% with the market. The institutional investor held 403,611 shares of the medical and dental instruments company at the end of 2018Q1, valued at $88.60M, up from 391,331 at the end of the previous reported quarter. Banque Pictet & Cie Sa who had been investing in 3M Co for a number of months, seems to be bullish on the $120.56B market cap company. The stock decreased 0.93% or $1.9 during the last trading session, reaching $203.07. About 902,025 shares traded. 3M Company (NYSE:MMM) has declined 0.26% since June 18, 2017 and is downtrending. It has underperformed by 12.83% the S&P500. Some Historical MMM News: 20/04/2018 – REG-Arion Bank will publish its 3M 2018 financial results on Wednesday 2 May; 04/04/2018 – 3M REPORTS NEW LEADERSHIP APPOINTMENT; 30/04/2018 – 3M: FDA CLEARANCE OF NEW BIOLOGICAL INDICATOR SYSTEM PROVIDING; 24/04/2018 – 3M CO – FOREIGN CURRENCY TRANSLATION IN QTR INCREASED SALES BY 4.2 PERCENT YEAR-ON-YEAR; 20/04/2018 – Wall St Week Ahead-Trade tensions set for brighter U.S. corporate spotlight; 24/04/2018 – 3M CO MMM.N FY2018 SHR VIEW $10.53 — THOMSON REUTERS l/B/E/S; 21/05/2018 – ALJ REGIONAL – ON MAY 15, COURT ISSUED OPINION IN PREVIOUSLY DISCLOSED LITIGATION FILED BY CO’S UNIT AGAINST 3M COMPANY REGARDING A 3M CONTRACT; 17/04/2018 – 3M Design and Architectural Markets Business Inspire Visitors at Milan Design Week 2018; 09/05/2018 – 3M NAMES MOJDEH POUL EVP, SAFETY-GRAPHICS GROUP; 25/04/2018 – Australia 3M Interbank Yield at 1.83% by End-2Q18 (Survey)

Among 24 analysts covering Barrick Gold Corp. (NYSE:ABX), 8 have Buy rating, 2 Sell and 14 Hold. Therefore 33% are positive. Barrick Gold Corp. had 91 analyst reports since August 6, 2015 according to SRatingsIntel. On Thursday, October 19 the stock rating was maintained by Jefferies with “Buy”. The stock of Barrick Gold Corporation (NYSE:ABX) earned “Neutral” rating by Macquarie Research on Wednesday, August 19. The firm earned “Buy” rating on Thursday, May 25 by RBC Capital Markets. On Friday, June 23 the stock rating was maintained by TD Securities with “Hold”. On Monday, June 20 the stock rating was downgraded by Mackie to “Sell”. The firm earned “Hold” rating on Monday, August 21 by BMO Capital Markets. Jefferies maintained the shares of ABX in report on Thursday, February 15 with “Buy” rating. As per Tuesday, March 15, the company rating was maintained by JP Morgan. The stock of Barrick Gold Corporation (NYSE:ABX) earned “Outperform” rating by RBC Capital Markets on Monday, March 12. RBC Capital Markets maintained Barrick Gold Corporation (NYSE:ABX) rating on Monday, June 12. RBC Capital Markets has “Buy” rating and $2100 target.

Oldfield Partners Llp, which manages about $6.57B and $1.15B US Long portfolio, decreased its stake in Turkcell Iletisim Hiz. (NYSE:TKC) by 117,700 shares to 4.59 million shares, valued at $43.91M in 2018Q1, according to the filing. It also reduced its holding in Citigroup Inc (NYSE:C) by 1.58 million shares in the quarter, leaving it with 1.39M shares, and cut its stake in General Motors Co (NYSE:GM).

More notable recent Barrick Gold Corporation (NYSE:ABX) news were published by: Seekingalpha.com which released: “Barrick Gold: What Could Have Been” on June 14, 2018, also 247Wallst.com with their article: “Top Analyst Upgrades and Downgrades: Barrick Gold, Buckeye Partners, Interdigital, Penn Virginia, SeaWorld, Weight …” published on June 12, 2018, Globenewswire.com published: “Barrick’s Annual Sustainability Report Now Available” on June 05, 2018. More interesting news about Barrick Gold Corporation (NYSE:ABX) were released by: Fool.com and their article: “Wheaton’s Time Is Running Out on This Mine Investment” published on June 03, 2018 as well as Benzinga.com‘s news article titled: “Morgan Stanley Prefers Newmont Mining Over Barrick Gold” with publication date: June 12, 2018.

More notable recent 3M Company (NYSE:MMM) news were published by: Seekingalpha.com which released: “The Evolution Of A Stock Price Over 30 Years” on May 31, 2018, also Seekingalpha.com with their article: “3M Company: Time To Break Up This Giant?” published on June 09, 2018, Fool.com published: “The 1 Reason to Avoid 3M Company’s Stock” on June 06, 2018. More interesting news about 3M Company (NYSE:MMM) were released by: Livetradingnews.com and their article: “3M Company (NYSE:MMM) Stock Worth Watching” published on May 23, 2018 as well as Seekingalpha.com‘s news article titled: “3M: Buy The Dip” with publication date: May 30, 2018.

Banque Pictet & Cie Sa, which manages about $4.75B US Long portfolio, decreased its stake in Cvs Health Corp (NYSE:CVS) by 18,645 shares to 9,402 shares, valued at $585,000 in 2018Q1, according to the filing. It also reduced its holding in Western Digital Corp (NASDAQ:WDC) by 8,100 shares in the quarter, leaving it with 51,231 shares, and cut its stake in Spdr Ser Tr (SJNK).

Investors sentiment decreased to 0.77 in Q1 2018. Its down 0.06, from 0.83 in 2017Q4. It dropped, as 65 investors sold MMM shares while 643 reduced holdings. 113 funds opened positions while 434 raised stakes. 377.88 million shares or 1.35% less from 383.04 million shares in 2017Q4 were reported. Finemark Bancorp accumulated 54,065 shares. Advsr Ltd Liability Corporation stated it has 0.05% of its portfolio in 3M Company (NYSE:MMM). Puzo Michael J owns 39,883 shares. Great Lakes Advisors has invested 0.29% in 3M Company (NYSE:MMM). Massachusetts-based Woodstock Corp has invested 1.9% in 3M Company (NYSE:MMM). Tiaa Cref Invest Limited Liability Company owns 4.53M shares. Lenox Wealth Management, a Ohio-based fund reported 384 shares. Sather Gp reported 0.15% stake. Osher Van De Voorde Invest Management invested in 3.7% or 33,220 shares. Stillwater Invest Limited Liability Co has 27,560 shares for 2.64% of their portfolio. Nuwave Investment Mngmt Lc has 0.05% invested in 3M Company (NYSE:MMM). Wedge Management L Lp Nc accumulated 72,441 shares. Clear Harbor Asset Mngmt Ltd Limited Liability Company has 3,349 shares for 0.14% of their portfolio. Doheny Asset Mgmt Ca holds 0.25% or 2,165 shares. Cullinan Associate invested in 40,425 shares or 0.67% of the stock.

3M Company (NYSE:MMM) Institutional Positions Chart

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