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Buffet Buy Sends Barrick Gold Soaring

Video Credit: Wochit News - Duration: 00:33s - Published
Buffet Buy Sends Barrick Gold Soaring

Buffet Buy Sends Barrick Gold Soaring

An SEC filing showed that Warren Buffett's Berkshire Hathaway bought a stake in Barrick Gold in the second quarter.

Business Insider reports that Barrick Gold surged more than 10% in premarket trading Monday.

Berkshire Hathaway bought 21 million shares of the gold and copper miner.

The total stake in Barrick Gold was worth about $564 million, according to the Friday filing.

The buy comes as a bit of a surprise.


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