5 Biggest Gold Companies in Canada

1. Barrick Gold Corporation (NYSE:GOLD)

Number of Hedge Fund Holders: 40

Barrick Gold Corporation (NYSE:GOLD) explores, develops, and sells gold and copper mining properties. The firm has assets in Congo, Mali, Canada, Argentina, and a host of other countries.

Barrick Gold Corporation (NYSE:GOLD) is a highly cost efficient firm, and despite the current gold price of  $1,645 per ounce being near two year lows, the firm can still continue its operations even if the price were to dip to $1,250. Additionally, the firm’s sustaining capital, which is the amount it needs to spend to keep up with production, is slated to drop to $1.37 billion next year and $1.15 billion in 2024 over the current reading of $1.55 billion.

Insider Monkey’s Q2 2022 survey of 895 hedge funds revealed that 40 had held a stake in Barrick Gold Corporation (NYSE:GOLD). The firm has a 2.64% dividend yield.

Jean-Marie Eveillard’s First Eagle Investment Management is Barrick Gold Corporation (NYSE:GOLD)’s largest investor. It owns 26 million shares that are worth $471 million.

Disclosure: None. You can also take a look at 10 Best ESG Stocks to Invest In and 10 Best Cybersecurity Stocks To Buy Under $20.

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