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Hussman Strategic Advisors cut Barrick Gold holdings by 68%, while the gold company initiated a $1B stock buyback.
Hussman Strategic Advisors Inc. significantly reduced its holdings in Barrick Gold Corp by 68%, now owning 204,000 shares.
The company reported earnings per share of $0.46, as expected, and initiated a $1 billion stock repurchase plan.
Barrick Gold has also declared a quarterly dividend of $0.10 per share.
Other institutional investors have adjusted their holdings, with mixed ratings from analysts.
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Hussman Strategic Advisors redujo las tenencias de Barrick Gold en un 68%, mientras que la compañía de oro inició una recompra de acciones de $1B.