Gold Stocks Are on the Rise Following Brexit Vote

Barrick Gold In the Spotlight

Barrick Gold Corporation (USA) (NYSE:ABX)’s has gained 4.75% so far today. In a report published on Thursday, financial services firm Schaeffer’s Research Research said that Barrick Gold Corporation is a major “market outperformer” and it will continue to advance in the coming weeks. From our database, 49 funds were long Barrick Gold Corporation (USA) (NYSE:ABX) at the end of the first quarter. Among them, First Eagle Investment Management owns more than 37.96 million shares of the company.

Yamana Gold’s Stock Continues to Grow

Yamana Gold Inc. (USA) (NYSE:AUY) is up more than 4% after the UK voters decided to leave Europe. The Toronto-based gold and copper exploration company also inched up in the green on Wednesday when a majority of gold stocks were taking a beating. Phill Gross and Robert Atchinson’s Adage Capital Management owns 12 million shares of Yamana Gold Inc. (USA) (NYSE:AUY), as of the end of March. It is one of the 18 funds from our database that are bullish on the company.

IAMGOLD Up More than 4%

IAMGOLD Corp (USA) (NYSE:IAG)’s stock is up 4.74% so far today. However, a report on Seeking Alpha on Friday advised investors to avoid the Canadian company. The source said IAMGOLD is facing major problems at all of its mines. Jim Simons’ Renaissance Technologies has around 12.61 million shares of IAMGOLD Corp (USA) (NYSE:IAG), as of the end of the first quarter. Overall, 11 funds tracked by us have stakes in the company, according to the last round of 13F filings.

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