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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

18.29

Mkt cap

32B

Volume

27M

High

18.42

P/E Ratio

20.00

52-wk high

21.35

Low

18.13

Div yield

0.02

52-wk low

13.76

Recent analysis of Barrick Gold (NYSE:GOLD) options trading shows a bullish sentiment among financial giants, with 57% of traders leaning bullish and 43% bearish. The analysis highlighted unusual trading activity, including 21 notable trades, with a focus on a price range of $11.0 to $25.0 for Barrick Gold over the last 3 months. The largest trades observed include both bullish and bearish sentiments across various expiration dates. Barrick Gold, a major gold miner, has seen its stock price increase by 0.7% to $17.2, with an RSI suggesting it may be approaching overbought territory. An earnings release is anticipated in 5 days, and BMO Capital maintains an Outperform rating with a target price of $26.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 6:31 pm

BHP Group's nearly $40 billion bid for Anglo American may spark a bidding war for the copper-rich company, as demand for copper surges with the global shift towards clean energy. BHP's offer, seen as low by analysts, could lead to higher bids from rivals like Glencore, Vale, and Rio Tinto. The deal highlights the increasing value of copper assets amid a global scramble for resources essential to the clean energy transition.

Portfolio Pulse from Matt Whittaker

April 25, 2024 | 9:53 pm

Shares of precious metals stocks are trading lower due to a retreat in gold and silver prices from their recent highs.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 10:16 am

American Battery Technology (ABAT) has initiated its lithium hydroxide pilot plant in Reno, Nevada, to produce battery-grade lithium hydroxide from unconventional sources, supported by a $4.5 million U.S. Department of Energy grant. ArcelorMittal Calvert (AMSYF) plans to construct a facility in Alabama for producing non-grain-oriented electrical steel, backed by $280.5 million in investment tax credits. Gold Royalty (GROY) reported a significant increase in revenue and gold equivalent ounces for Q1, projecting higher revenues for 2024. Saudi Arabia's Manara Minerals (FQVLF) is nearing a deal to acquire a minority stake in Pakistan's Reko Diq mine, a project 50% owned by Barrick Gold (GOLD).

Portfolio Pulse from austin@walkonholdings.com

April 22, 2024 | 9:01 pm

Shares of precious metals stocks are trading lower due to a decrease in the price of gold and silver, affecting a broad range of companies in the sector.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 10:51 am

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

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