Getty ImagesBarrick Golds stock is popping 10% Monday after famous investor Warren Buffetts Berkshire Hathaway revealed a stake in the gold miners stock. Berkshire included a $562 million position in Barrick Gold in the second quarter, according to SEC filings Friday. While the position is small for Berkshire — which owns more than $89 billion in Apple stock– the conglomerate is the 11th largest investor of the gold mining company, according to FactSet. This was an unusual move thinking about Buffett, a veteran value financier, has actually long proclaimed a dislike for gold, choosing assets that have cash circulations or pay dividends. Shares of miner have risen more than 45% this year as financiers rush into the safe sanctuary metal trade throughout the coronavirus pandemic. Gold prices have actually had a banner year, topping $2,000 per ounce this month for the very first time ever on stress over the effect of Covid-19 on the economy and lower bond yields. Area gold has rallied almost 30% in 2020, making it one of the best-performing mainstream properties this year. Barrick Gold has gold and copper mining operations in 13 countries. Its shares trade on the New York Stock Exchange under ticker GOLD. To be sure, because Berkshire Hathaways position in Barrick Gold is reasonably little, among Buffetts investing lieutenants, Ted Weschler or Todd Combs, could be responsible for the purchase rather than the Oracle of Omaha.Subscribe to CNBC PRO for unique insights and analysis, and live company day programs from around the globe.


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