Market Whales and Their Recent Bets on GOLD Options
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bearish stance on Barrick Gold (NYSE:GOLD) through recent options trading, with 64% of trades being puts. The trading activity suggests a price target range of $14.0 to $17.0 for GOLD. The company, a major gold and copper miner, has seen its stock price increase by 1.15% to $15.78, with analysts from BMO Capital maintaining an Outperform rating and a price target of $27. The next earnings report is expected in 13 days.
February 01, 2024 | 5:46 pm
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Barrick Gold has seen a bearish options trading trend, yet maintains a positive outlook from analysts with a significant price target of $27. The stock recently increased by 1.15% to $15.78.
The bearish options trading sentiment is counterbalanced by a bullish analyst outlook and a recent stock price increase. The upcoming earnings report could further influence the stock's direction.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100