5 Best Canadian Gold Stocks To Buy Now

2. Barrick Gold Corporation (NYSE:GOLD)

Number of Hedge Fund Investors in Q2 2023: 32

Barrick Gold Corporation (NYSE:GOLD) is one of the largest gold mining companies in the world. Like other Canadian gold companies, strong production and dropping inflation helped the firm beat analyst third quarter profit estimates. At the same time, its costs per ounce also dropped by roughly 8%.

By the end of 2023’s June quarter, 32 hedge funds out of the 910 polled by Insider Monkey were the firm’s stakeholders. Barrick Gold Corporation (NYSE:GOLD)’s biggest investor in our database is Jean-Marie Eveillard’s First Eagle Investment Management as it owns $715 million worth of shares.

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