Why Barrick Gold Stock Surged Today

Shares of Barrick Gold (NYSE: GOLD) jumped on Monday after financial filings showed that Warren Buffett-led Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) had taken a stake in the gold mining company.

As of 3:20 p.m. EDT, Barrick Gold's stock was up more than 10%.

Berkshire purchased nearly 21 million shares of Barrick Gold in the second quarter, according to its 13F filing on Friday. Those shares are valued at roughly $625 million after today's gains. 

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Source Fool.com