Published on 7 Jan 2023 on Simply Wall St. via Yahoo Finance
Barrick Gold Corporation's (TSE:ABX) large institutional owners must be happy as stock continues to...
A look at the shareholders of Barrick Gold Corporation (TSE:ABX) can tell us which group is most powerful. With 58% stake, institutions possess the maximum shares in the company. Put another way, the group faces the maximum upside potential (or downside risk).
And things are looking up for institutional investors after the company gained CA$4.0b in market cap last week. The gains from last week would have further boosted the one-year return to shareholders which currently stand at 16%.
In the chart below, we zoom in on the different ownership groups of Barrick Gold.