5 Best African Stocks To Invest In

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. It is the largest gold producer in Africa and has top mining sites in Mali and the Democratic Republic of Congo. The firm has beaten analyst EPS estimates in all four of its latest quarters and the shares are rated Buy on average.

During 2023’s June quarter, 32 out of the 910 hedge funds part of Insider Monkey’s research had bought the firm’s shares. Barrick Gold Corporation (NYSE:GOLD)’s largest hedge fund investor in our database is Jean-Marie Eveillard’s First Eagle Investment Management since it owns 42.2 million shares that are worth $715 million.

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