Thu, December 19, 2024
Wed, December 18, 2024
[ Wed, Dec 18th 2024 ]: Forbes
Best High-Return Stocks In India
Tue, December 17, 2024
Mon, December 16, 2024
Sun, December 15, 2024
Sat, December 14, 2024
Fri, December 13, 2024
[ Fri, Dec 13th 2024 ]: CNBC
The best annuity companies of 2025
Thu, December 12, 2024

Why Barrick Gold (GOLD) Is One of The Most Promising Gold Stocks According to Hedge Funds?


  Copy link into your clipboard //stocks-investing.news-articles.net/content/202 .. mising-gold-stocks-according-to-hedge-funds.html
  Print publication without navigation Published in Stocks and Investing on by MSN
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source

  We recently published a list of 12 Most Promising Gold Stocks According to Hedge Funds. In this article, we are going to look at where Barrick Gold Corporation (NYSE:GOLD) stands against other most promising gold stocks according to hedge funds.

The article from MSN Money discusses why Barrick Gold Corporation is considered one of the most promising gold stocks by hedge funds. Barrick Gold, a leading gold mining company, has attracted attention due to its robust operational performance, significant gold reserves, and strategic initiatives aimed at enhancing shareholder value. Key points include Barrick's focus on cost management, which has led to lower production costs, making it more profitable even when gold prices fluctuate. Additionally, the company has been expanding its operations through acquisitions and partnerships, notably in regions like Nevada and Africa, which are expected to increase its production capacity. Hedge funds are particularly interested in Barrick due to its strong balance sheet, commitment to returning capital to shareholders through dividends and buybacks, and its potential for growth in a market where gold is seen as a safe-haven investment amidst economic uncertainties. The article also notes that Barrick's stock has been recommended by several prominent hedge fund managers, citing its undervalued status and the long-term outlook for gold prices.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/why-barrick-gold-gold-is-one-of-the-most-promising-gold-stocks-according-to-hedge-funds/ar-AA1vUjGN ]

Publication Contributing Sources