Decoding Barrick Gold's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Recent options activity for Barrick Gold (NYSE:GOLD) shows a bearish sentiment among large investors, with 73% of trades being bearish. The stock is currently trading at $19.9, down 2.7%, with a consensus target price of $25.0. Analysts maintain a Sector Outperform rating.
August 28, 2024 | 4:00 pm
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Barrick Gold's options activity indicates a bearish sentiment, with 73% of trades being bearish. The stock is currently trading at $19.9, down 2.7%. Analysts maintain a Sector Outperform rating with a target price of $25.0.
The options activity shows a strong bearish sentiment among large investors, which could lead to short-term downward pressure on the stock price. However, the analyst rating and target price suggest potential for recovery.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100