Saturday, September 6, 2025

Warren Buffet Buys 20.9 Million Shares of Barrick Gold, Sells Remainder of Stake in Goldman Sachs

It appears that Barrick Gold (TSX: ABX) (NYSE: GOLD) has a lot of reason to celebrate, as the gold exploration company has caught the attention of Warren Buffet. According to a regulatory filing, Buffet’s Berkshire Hathaway has purchased a total of 20.9 million shares in Barrick in the second quarter of 2020, which amounts to an approximate value of $563.5 million. This caused the company’s stock to rise to $35.79 per share at the time of writing.

In the meantime, Berkshire Hathaway sold its remaining stake in Goldman Sachs, which consisted of 1.9 million shares. However, that was not all that Warren decided to shy away from in the current volatile market; his company also diminished positions in JPMorgan Chase and Wells Fargo, reducing Berkshire’s stake by 61% and 26%, respectively.

The successful investor also increased Berkshire Hathaway’s stake in Kroger by purchasing 3 million more shares in the second quarter. The company already owns over 21.9 million shares in the grocery chain giant, which will now amount to an estimated value of $742.6 million.

Information for this briefing was found via Berkshire Hathaway. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Goliath Resources Hits 10.60 g/t Gold Over 22.82 Metres, Highest Grade Results In Third Distinct Rock Package At Surebet Discovery

Four Countries Control the Fertilizer That Feeds the World | Sage Potash

$10,000 Gold Is Just A Question of Time | Florian Grummes

Recommended

ESGold Outlines $24.3 Million NPV For Tailings Reprocessing Project

First Majestic Encounters 711 g/t Silver Equivalent Over 8.0 Metres In Ongoing Exploration At Los Gatos

Related News

AUX Resources Assays 24.3 G/T Gold Over 4.4 Metres In Resampled Historic Drill Cores

AUX Resources (TSXV: AUX) this morning reported the results from the re-logging and sampling of...

Tuesday, February 23, 2021, 08:20:55 AM

Gold Rush: From Eritrea to Saudi Arabia with Matthew Grainger of Alpha Exploration

At the Rule Symposium of Natural Resource Investing in Boca Raton, Florida, Matthew Grainger from...

Saturday, July 27, 2024, 11:29:00 AM

Exploits Discovery Receives Permits For Quinlan Vein Drill Program

Exploits Discovery (CSE: NFLD) has received drill permits for the planned drill program at its...

Wednesday, April 21, 2021, 08:21:44 AM

Tudor Gold Hits 1,152 Metres Of 0.741 G/T Gold Equivalent At Treaty Creek

Tudor Gold Corp (TSXV: TUD) this morning released further drill results from its ongoing program...

Monday, October 26, 2020, 08:06:19 AM

Starr Peak Raises $3.8 Million In Strategic Financing

Starr Peak Mining (TSXV: STE) last night announced that the company has completed a strategic...

Thursday, June 3, 2021, 07:33:09 AM