5 Most Profitable Gold Stocks To Invest In

3. Barrick Gold Corp (NYSE:GOLD)

Number of Hedge Fund Holders: 43

Latest TTM Net Income: 1.27 billion

Barrick Gold Corporation (NYSE:GOLD), headquartered in Toronto, Ontario, Canada, is a leading mining company primarily focused on gold and copper production. With operations spanning 16 sites across 13 countries, the company maintains a strong global presence.

On February 14, Barrick Gold Corporation (NYSE:GOLD) announced a quarterly dividend of $0.10 per share, consistent with previous payouts. The dividend was paid on March 15 to shareholders of record as of February 29. Additionally, the company introduced a new $1 billion share repurchase program, which will be executed over the next 12 months. This program enables Barrick to repurchase its common shares at prevailing market prices.

As of the end of the fourth quarter of last year, Insider Monkey’s research indicated that 43 out of the 933 hedge funds covered were shareholders of Barrick Gold Corporation (NYSE:GOLD).