Druckenmiller, Templeton Added Barrick Before Earnings Fizzle
- Duquesne Family Office added Barrick Gold last quarter: filing
- Templeton Global Advisors triples stake in mining company
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Barrick Gold Corp. was back in favor with fund managers last quarter, before the world’s biggest bullion producer reported disappointing earnings and rising costs.
Billionaire investor Stan Druckenmiller’s Duquesne Family Office LLC bought 2.85 million shares in Barrick, adding the Toronto-based company to its holdings in the period ended March 31, according to a regulatory filing Monday. Templeton Global Advisors Ltd. more than tripled its stake to 18.2 million shares in the first quarter, a separate filing on May 12 showed.