5 Best Gold Mining Stocks To Buy Now

3. Barrick Gold Corporation (NYSE:GOLD)

Number of Hedge Fund Holders: 41

Barrick Gold Corporation (NYSE:GOLD) is one of the most notable names in the gold mining industry. Barrick Gold Corporation (NYSE:GOLD)’s CEO Mark Bristow  said in an interview with Financial Times back in May that the company plans to seek takeover targets as he expects gold and copper to rally.

Recently it was reported that Barrick Gold (NYSE:GOLD) is looking to expand and extend the life time of the Lumwana copper mine in Zambia and explore for more copper deposits in Congo.

Out of the 943 hedge funds tracked by Insider Monkey, 41 hedge funds had stakes in Barrick Gold Corporation (NYSE:GOLD). The biggest stakeholder of Barrick Gold Corporation (NYSE:GOLD) during this period was First Eagle Investment Management of Jean-Marie Eveillard which owns a $786 million stake in the company.