5 Mining Stocks to Buy Today According to John Paulson’s Paulson & Co

4. Barrick Gold Corporation (NYSE:GOLD)

Paulson & Co’s Stake Value: $86 million

Percentage of Paulson & Co’s 13F Portfolio: 2.66%

Number of Hedge Fund Holders: 46

Barrick Gold Corporation (NYSE:GOLD) is a Canadian gold mining company headquartered in Toronto. It has interests in gold mines in a variety of countries such as Canada, Argentina, the Dominican Republic, Mali, Tanzania, and the U.S.

For its fiscal Q4, Barrick Gold Corporation (NYSE:GOLD) raked in $3.3 billion in revenue and $0.35 GAAP EPS for a strong set of results that pleased Wall Street by beating analyst estimates for both metrics. Jefferies raised its price target to $24 from $23 in March 2022, outlining that the mining market is ready to enter a bull year.

Paulson & Co. held 4.5 million Barrick Gold Corporation (NYSE:GOLD) shares worth $86 million as the fourth quarter of last year came to an end. The stake represented 2.66% of its portfolio. Insider Monkey’s Q4 2021 survey of 924 hedge funds revealed that 46 had held a stake in the company.

Jean-Marie Eveillard’s First Eagle Investment Management is Barrick Gold Corporation (NYSE:GOLD)’s largest investor, holding a $510 million stake that comes through 26 million shares.