Looking At Barrick Gold's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Barrick Gold (NYSE:GOLD) as evidenced by unusual options activity. The options scanner at Benzinga spotted 11 uncommon options trades for Barrick Gold, with 63% bullish and 36% bearish sentiment. The whales have been targeting a price range from $10.0 to $20.0 for Barrick Gold over the last 3 months. BMO Capital maintains their Outperform rating on Barrick Gold with a price target of $30.
September 27, 2023 | 5:31 pm
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Barrick Gold has seen significant bullish options activity, indicating a potential rise in its stock price. BMO Capital maintains an Outperform rating with a price target of $30.
The unusual options activity, with a majority being bullish, indicates that investors are expecting the stock price of Barrick Gold to rise. This is further supported by BMO Capital's Outperform rating and a price target of $30, which is significantly higher than the current price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100