Published on 18 Jan 2023 on Insider Monkey via Yahoo Finance
Top Reasons to Invest in Barrick Gold Corporation (GOLD)
Old West Management, an investment management company, released its 2022 fourth-quarter investor letter. A copy of the same can be downloaded here. 2022 was one of the most difficult years for investors. However, the fund performed better than the market. Even though its long-only separate accounts delivered negative returns for the year, they beat their respective benchmarks, and the fund’s three Limited Partnerships performed relatively well. The Old West Income Fund increased by 12.4% for the year. In addition, please check the fund’s top five holdings to know its best picks in 2022.
Old West Management highlighted stocks like Barrick Gold Corporation (NYSE:GOLD) in the Q4 2022 investor letter. Headquartered in Toronto, Canada, Barrick Gold Corporation (NYSE:GOLD) is a mining company that focuses on mine development, exploration, and production of gold and copper. On January 17, 2023, Barrick Gold Corporation (NYSE:GOLD) stock closed at $18.75 per share. One-month return of Barrick Gold Corporation (NYSE:GOLD) was 13.29%, and its shares gained 0.37% of their value over the last 52 weeks. Barrick Gold Corporation (NYSE:GOLD) has a market capitalization of $33.263 billion.
Old West Management made the following comment about Barrick Gold Corporation (NYSE:GOLD) in its Q4 2022 investor letter: