Barrick Gold's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
High-rolling investors are showing interest in Barrick Gold (NYSE:GOLD) with significant options activity. The sentiment is mixed, with 40% bullish and 40% bearish. The stock is currently trading at $20.28, with a potential target price of $23.0. An analyst from UBS maintains a Buy rating.
October 16, 2024 | 7:15 pm
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Significant options activity in Barrick Gold (NYSE:GOLD) indicates mixed sentiment among investors, with a notable amount of calls and puts. The stock is trading at $20.28, with a target price of $23.0. UBS maintains a Buy rating.
The significant options activity suggests that investors are actively positioning themselves in Barrick Gold, indicating potential price movements. The mixed sentiment (40% bullish, 40% bearish) and the UBS Buy rating with a target price of $23.0 suggest a positive outlook. The current trading price of $20.28 and the RSI indicating a potential overbought condition could lead to short-term price increases.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100