Stock Alert: Barrick Gold Near 52-week High On News Of Warren Buffets' Investment

Shares of Barrick Gold Corporation (GOLD) are climbing more than 10% Monday morning on the news of Warren Buffets' investment in the company.

Reports said Buffet's Berkshire took a position of 20.9 million shares worth $563.6 million in one of the world's largest mining companies, Barrick Gold in the second quarter.

Barrick stock nearly doubled from the beginning of the year, benefited from the surge in the gold price.

The stock is currently trading at $29.52, close to its 52-week high of $30.69.

For comments and feedback contact: editorial@rttnews.com

Business News

Invest in the Best Pharma Stocks by Subscribing to RTT Biotech Investor.
Editors Pick
Mallinckrodt plc announced Wednesday that the U.S. Food and Drug Administration or FDA has approved StrataGraft (allogeneic cultured keratinocytes and dermal fibroblasts in murine collagen - dsat) for the treatment of adult patients with thermal burns containing intact dermal elements for which surgical intervention is clinically indicated. Worldwide 5G mobile subscriptions are estimated to exceed 580 million by the end of 2021, according to the Ericsson Mobility Report. With subscriptions increasing at a rate of about a million per day, 5G remains on track to become the fastest adopted mobile generation in history. The growth in subscriptions is being lead by China, North America and the Gulf Cooperation Council markets. Elanco Animal Health Inc. (ELAN) and veterinary biopharmaceutical company Kindred Biosciences, Inc. (KIN) announced Wednesday they have entered into a definitive agreement for Elanco to acquire Kindred for $9.25 per share, or approximately $440 million. The acquisition further accelerates Elanco's...
Follow RTT