5 High-Growth Canadian Dividend Stocks To Invest In

2. Barrick Gold Corp (NYSE:GOLD)

Number of Hedge Fund Investors: 36

Barrick Gold Corp (NYSE:GOLD) was among the top stock picks of Barron’s for 2024. Barron’s said Barrick Gold Corp (NYSE:GOLD) plans to boost its mine output by 30% by the end of the decade. The publication also praised Barrick Gold Corp’s (NYSE:GOLD) CEO Mark Bristow, who it said is the industry’s “most effective leader.”

Barron’s also said Barrick Gold Corp (NYSE:GOLD) has virtually no debt, a healthy dividend yield and attractive valuation.

A total of 36 hedge funds out of the 910 funds tracked by Insider Monkey had stakes in Barrick Gold Corp (NYSE:GOLD). The biggest hedge fund stakeholder of Barrick Gold Corp (NYSE:GOLD) during this period was Jean-Marie Eveillard’s First Eagle Investment Management which owns a $611 million stake in Barrick Gold Corp (NYSE:GOLD).