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GOLD

Barrick Gold Corporation

https://www.barrick.com

Industry

Gold

Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties. It has ownership interests in producing gold mines that are located in Argentina, Canada, Côte d'Ivoire, the Democratic Republic of Congo, Dominican Republic, Mali, Tanzania, and the United States. The company also has ownership interests in producing copper mines located in Chile, Saudi Arabia, and Zambia; and various other projects located throughout the Americas and Africa. Barrick Gold Corporation was founded in 1983 and is headquartered in Toronto, Canada.

Open

16.87

Mkt cap

29B

Volume

19M

High

16.91

P/E Ratio

18.10

52-wk high

21.35

Low

16.59

Div yield

0.02

52-wk low

13.76

Saudi Arabia's Manara Minerals is in advanced talks to acquire a minority stake in the Reko Diq gold and copper mine project in Pakistan, currently co-owned by Barrick Gold Corp and the Pakistani government. The project, set to start production by 2028, could see Saudi Arabia taking over Pakistan's stake. Manara Minerals, a collaboration between the Saudi Public Investment Fund and Ma'aden, focuses on commodities investments and already holds a 13% stake in Vale's base metals business.

Portfolio Pulse from Stjepan Kalinic

April 19, 2024 | 3:14 pm

Spot gold rose above 0.5% due to tensions in the Middle East after Tehran's attack on Israel, affecting global economic stability and pushing gold and gold miners' stocks higher. Direxion Daily Gold Miners Index Bull 2X Shares (NUGT) saw an upward reversal, tracking the gold mining sector's gains. NUGT, a leveraged ETF, is designed for experienced traders and tracks major gold and silver mining companies like Newmont Corp (NEM), Barrick Gold Corp (GOLD), and Franco-Nevada Corp (FNV).

Portfolio Pulse from Melanie Schaffer

April 16, 2024 | 5:52 pm

Recent options trading activity for Barrick Gold (NYSE:GOLD) shows a bearish sentiment among investors, with a notable volume of trades predicting a price range of $10.0 to $25.0. Analysis of call and put options indicates mixed expectations, with 43% bullish and 56% bearish trades. Significant trades include both bullish and bearish positions, with a focus on strike prices between $15.00 and $20.00. Barrick Gold, a major gold and copper producer, has seen its stock price decrease by -5.73%, with an upcoming earnings announcement in 15 days.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 4:02 pm

Barrick Gold's shares are trading lower following reports that Mali's ruling military junta is attempting to take control of the Loulo-Gounkoto mine, a significant asset for the company.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 2:00 pm

Barrick Gold (NYSE:GOLD) has seen significant options activity, indicating a bearish sentiment among large investors. Benzinga's options scanner revealed 15 trades, with a predominant bearish outlook (80%). The trades suggest a target price range of $16.0 to $27.5. The largest trades were mostly calls with varying sentiments. Barrick Gold, a major gold miner, has seen its stock price increase by 3.69% to $18.7, potentially indicating an overbought condition. The company is set to release earnings in 19 days.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 2:48 pm

Shares of precious metals stocks are trading higher due to an increase in the price of gold and silver, affecting companies like AEM, AG, AU, GFI, GOLD, HL, HMY, PAAS, SBSW, and WPM.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 12:23 pm

Revival Gold (OTCQX: RVLGF) has acquired Ensign Minerals in an all-stock deal valued at $21.9 million, marking its second gold asset in the U.S. This acquisition expands Revival's gold resource base to 3.8 million ounces inferred, with the Mercur project in Utah adding 1.6 million ounces. The deal aims to accelerate Revival's timeline to gold production, targeting 150,000 ounces per year. Post-acquisition, Revival Gold shareholders will own 65% of the new entity. The merger enhances Revival's position in the North American gold market amid high demand.

Portfolio Pulse from Stjepan Kalinic

April 11, 2024 | 12:48 pm

Shares of gold companies are experiencing an uptick due to the recent increase in gold prices, affecting stocks like AEM, GFI, GOLD, HL, NEM, and SBSW.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 11:42 am

Barrick Gold targets Peru's Puno district amid gold's price spike, requesting a 400-hectare concession and focusing on Tier One gold mines and strategic copper projects. Foremost Lithium advances its drill program at the Zoro Property, confirming lithium mineralization and aiming to become a leading North American lithium supplier. Nexa Resources concludes a tender offer for its senior unsecured notes, and Ivanhoe Electric announces a new VP of Health and Safety.

Portfolio Pulse from Austin DeNoce

April 08, 2024 | 8:30 pm

Financial analysts have observed a balanced mix of bullish and bearish options trading on Barrick Gold (NYSE:GOLD), with significant activity in both puts and calls. The trading suggests a predicted price range for GOLD between $13.0 and $22.0. The largest trades include both bullish and bearish sentiments, with the most notable being a bullish put sweep for a strike price of $22.00 expiring on 01/17/25. Barrick Gold, a major gold and copper producer, has seen its stock price decrease by -0.81%, with a current price of $17.72. The company's next earnings report is expected in 23 days.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 4:00 pm

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