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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

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

Barrick Gold Corporation (NYSE:GOLD) shares have risen over 7% in the past five days, buoyed by the record high gold prices reaching $2,330.50 per ounce. The company's expansion includes mines and projects across 18 countries and a new concession request in Puno, Peru. Trading volume for GOLD has significantly exceeded its 100-day average, indicating heightened investor interest.

Portfolio Pulse from Erica Kollmann

April 05, 2024 | 7:37 pm

Zambia aims to increase its copper production to 1 million tons by 2026, leveraging the revival of Konkola Copper Mines and investments in existing mines like First Quantum Minerals' Kansanshi and Barrick's Lumwana. The emergence of KoBold Metals' AI-powered Mingomba project, potentially one of the world's largest mines, further boosts this goal. Despite facing debt restructuring challenges, Zambia remains optimistic about reaching its copper production targets.

Portfolio Pulse from Stjepan Kalinic

April 05, 2024 | 6:28 pm

Shares of precious metals companies are trading higher due to an increase in the prices of gold and silver.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 3:28 pm

Barrick Gold Corp (NYSE:GOLD) is expanding its operations in Peru, targeting the Puno district amidst a surge in gold demand, with prices reaching $2,300 per ounce. The company, which has increased its gold reserves to 77 million ounces, is also focusing on projects in Nevada and globally, including strategic investments in copper. Barrick's expansion efforts come at a time when gold prices have risen by approximately 11% year-to-date, driven by geopolitical uncertainties and expectations of interest rate cuts by the Federal Reserve.

Portfolio Pulse from Stjepan Kalinic

April 05, 2024 | 2:50 pm

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