This Is What Whales Are Betting On Barrick Gold
Portfolio Pulse from Benzinga Insights
Wealthy investors have taken a bullish stance on Barrick Gold (NYSE:GOLD), as evidenced by 14 significant options trades detected by Benzinga's options scanner. The sentiment is split with 64% bullish and 35% bearish. The price range targeted by these trades is between $12.0 and $22.0. Barrick Gold's stock is currently neutral according to RSI indicators, and the next earnings report is expected in 4 days. Analysts from CIBC and Jefferies have maintained positive ratings with target prices of $27 and $23, respectively.
August 08, 2024 | 5:17 pm
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POSITIVE IMPACT
Wealthy investors have shown a bullish stance on Barrick Gold with significant options trades detected. The sentiment is 64% bullish and 35% bearish, targeting a price range of $12.0 to $22.0. Analysts maintain positive ratings with target prices of $27 and $23.
The detection of significant options trades with a majority bullish sentiment indicates strong investor confidence in Barrick Gold. Additionally, positive analyst ratings and target prices above the current stock price further support a likely short-term price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100