Lumwana Mining Company

Here are a few articles regarding Lumwana Mining Company.

Lumwana improves water supply

tap water 2

MARTIN MUSUNKA, Solwezi
BARRICK Lumwana Mining Company has reiterated its commitment to working with the Zambian government and the community in supporting initiatives that promote the health and well-being of the communities in which it operates.
The mining company has further pledged to support and pilot new models of potable clean and safe water access in the Lumwana community in Kalumbila district of North-Western Province.
Speaking during the official handover ceremony of the Manyama Water Kiosk project in Lumwana built at a cost of K125,000, Barrick Lumwana Mining Company senior corporate affairs manager Nathan Chishimba said the company will continue working with stakeholders in the area to ensure improved access to potable water

Information found at www.daily-mail.co.zm

Reg Filings: As Barrick Gold Corp (ABX) Shares Rose, Majedie Asset Management LTD Has Increased Its Position by $15.12 Million

Reg Filings: As Barrick Gold Corp (ABX) Shares Rose, Majedie Asset Management LTD Has Increased Its Position by $15.12 Million

Majedie Asset Management Ltd increased its stake in Barrick Gold Corp (ABX) by 38.13% based on its latest 2016Q2 regulatory filing with the SEC. Majedie Asset Management Ltd bought 1.16 million shares as the company’s stock rose 56.41% with the market. The institutional investor held 4.21M shares of the precious metals company at the end of 2016Q2, valued at $57.22M, up from 3.05 million at the end of the previous reported quarter. Majedie Asset Management Ltd who had been investing in Barrick Gold Corp for a number of months, seems to be bullish on the $18.42 billion market cap company. The stock is down 7.19% or $1.25 hitting $16.13, despite the positive news. About 14.36M shares traded hands. Barrick Gold Corporation (USA) (NYSE:ABX) has risen 31.05% since March 1, 2016 and is uptrending. It has outperformed by 21.80% the S&P500.

Majedie Asset Management Ltd, which manages about $681.02M US Long portfolio, decreased its stake in Suncor Energy Inc (NYSE:SU) by 167,981 shares to 135,452 shares, valued at $3.77 million in 2016Q2, according to the filing. It also reduced its holding in Brooks Automation Inc (NASDAQ:BRKS) by 328,866 shares in the quarter, leaving it with 1.41M shares, and cut its stake in Mckesson Corp (NYSE:MCK).

More notable recent Barrick Gold Corporation (USA) (NYSE:ABX) news were published by: Investorplace.com which released: “Barrick Gold Corporation (USA) (ABX)” on August 24, 2016, also Investorplace.com with their article: “Barrick Gold Corporation (USA): 3 Pros, 3 Cons of ABX Stock” published on September 08, 2016, Schaeffersresearch.com published: “The $1.3M Bet Against Barrick Gold Corporation (USA) (ABX)” on August 04, 2016. More interesting news about Barrick Gold Corporation (USA) (NYSE:ABX) were released by: Investorplace.com and their article: “Why Barrick Gold Corporation (USA) (ABX), Interactive Brokers Group, Inc …” published on July 20, 2016 as well as Fool.com‘s news article titled: “Barrick Gold Corporation (USA) Stock Up 18%: Will Uncertainty Drive Gold Higher?” with publication date: January 07, 2016.

According to Zacks Investment Research, “Barrick Gold Corporation is a leading international gold producer with low-cost mines in North and South America.”

Barrick Gold Corporation (USA) (NYSE:ABX) Ratings Coverage

Out of 22 analysts covering Barrick Gold Corp. (NYSE:ABX), 11 rate it a “Buy”, 2 “Sell”, while 9 “Hold”. This means 50% are positive. Barrick Gold Corp. has been the topic of 44 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm has “Sell” rating by Mackie given on Monday, June 20. As per Tuesday, March 15, the company rating was upgraded by Argus Research. RBC Capital Markets maintained the shares of ABX in a report on Friday, September 18 with “Sector Perform” rating. The stock of Barrick Gold Corporation (USA) (NYSE:ABX) earned “Buy” rating by Deutsche Bank on Thursday, August 13. As per Wednesday, September 7, the company rating was initiated by Berenberg. The firm has “Neutral” rating given on Tuesday, March 15 by JP Morgan. The firm has “Sector Perform” rating by IBC given on Friday, July 24. The company was maintained on Wednesday, August 12 by JP Morgan. Deutsche Bank maintained Barrick Gold Corporation (USA) (NYSE:ABX) rating on Friday, July 29. Deutsche Bank has “Hold” rating and $22 price target. As per Friday, August 7, the company rating was downgraded by Barclays Capital.

ABX Company Profile

Barrick Gold Corporation (Barrick), incorporated on March 10, 1995, is engaged in the production and sale of gold, as well as related activities, such as exploration and mine development. The Firm produces copper, principally from its Zaldivar joint venture and Lumwana mine, and holds other interests. The Company’s divisions include Cortez, Goldstrike, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Porgera, Kalgoorlie, Acacia Mining plc (Acacia), Lumwana, Zaldivar and Pascua-Lama Project.

Article found at Chesterindependent.com

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