Market Whales and Their Recent Bets on GOLD Options
Portfolio Pulse from Benzinga Insights
Recent options trading activity indicates a bullish stance on Barrick Gold (NYSE:GOLD) by market whales, with a mix of bullish and bearish trades but a majority leaning towards bullish. The trading range for GOLD's price is projected between $13.0 and $37.0. The company, a major gold and copper producer, is currently trading at $17.14, with an analyst from BMO Capital maintaining an Outperform rating and a target price of $26.0.
April 29, 2024 | 5:31 pm
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Barrick Gold's bullish options trading activity and a maintained Outperform rating by BMO Capital with a $26 target price indicate positive sentiment. Currently trading at $17.14, the stock may see short-term movement based on these factors.
The bullish options trading activity, combined with a professional analyst's Outperform rating and a specific target price, suggests a positive market sentiment towards Barrick Gold. This could lead to increased investor interest and potentially drive the stock price up in the short term, especially with the anticipated earnings release in 2 days.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100