Moving on, Barrick Gold Corporation (USA) (NYSE:ABX) and Yamana Gold Inc. (USA) (NYSE: AUY), whose shares have advanced amid gold price growth on the back of financial, political and macroeconomic developments that caused investors seek refuge in gold. The precious metal is trading higher by around 1% on the COMEX today. In this way, the whole gold mining industry is trading higher, with the Market Vectors Gold Miners ETF (NYSEARCA:GDX) up by some 2%.
In the third quarter, Barrick Gold Corporation (USA) (NYSE:ABX) registered a decrease in popularity among the funds we track, with 40 investors holding long positions, versus 42 funds in the previous quarter. First Eagle Investment Management was the largest shareholder with 27.85 million shares, valued at $177.11 million at the end of September.
Yamana Gold Inc. (USA) (NYSE:AUY) also lost popularity in the third quarter, and, out of the 730 funds that we track, 16 funds reported shares in the last round of 13F filings, amassing 3.3% of the float. Phill Gross and Robert Atchinson‘s Adage Capital Management has the most valuable position in Yamana Gold, worth $22.1 million.
Finally, among the gainers today is nano cap Conatus Pharmaceuticals Inc (NASDAQ:CNAT), which is trading higher on the back of positive results from its Phase 2 Study involving liver cirrhosis. The company’s product, emricasan, the first-in-class, orally-active pan-caspase inhibitor, showed a statically significant reduction in liver disease.
Conatus Pharmaceuticals Inc (NASDAQ:CNAT) registered an increase in popularity among the funds we track, with 10 investors holding long positions at the end of September, compared to nine funds in the second quarter. Arthur B. Cohen and Joseph Healey‘s HealthCor Management is the largest shareholder with 1.01 million shares, valued at $4.49 million at the end of September.