Smart Money Is Betting Big In GOLD Options
Portfolio Pulse from Benzinga Insights
Smart money investors have shown significant interest in Barrick Gold (NYSE:GOLD) options, with a mix of bullish and bearish sentiments. Benzinga's options scanner revealed 14 unusual trades, indicating a potential price movement between $10.0 and $20.0. The trades include both puts and calls, with a notable split in sentiment. Barrick Gold, a major gold miner, has seen its stock price increase by 2.34%, with an RSI suggesting it may be overbought. Analysts have set an average price target of $18.0, with RBC Capital rating it as Outperform.
March 28, 2024 | 5:16 pm
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Barrick Gold has seen significant options trading activity, indicating investor interest and potential price movement. The stock has recently increased by 2.34%, with an RSI suggesting it may be overbought. Analysts have a positive outlook, with an average price target of $18.0.
The significant options trading activity, combined with the recent price increase and analyst ratings, suggests a positive short-term outlook for Barrick Gold. The mix of bullish and bearish options trades indicates varied investor expectations, but the overall analyst sentiment and the company's strong position in the gold mining industry support a likely increase in stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100