Barrick Gold Corporation (NYSE:ABX)’s Trend Unknown, Especially After Increased Shorts

June 20, 2017 - By Dolores Ford

 Barrick Gold Corporation (NYSE:ABX)’s Trend Unknown, Especially After Increased Shorts

The stock of Barrick Gold Corporation (NYSE:ABX) registered an increase of 6.76% in short interest. ABX’s total short interest was 15.31 million shares in June as published by FINRA. Its up 6.76% from 14.35M shares, reported previously. With 12.55M shares average volume, it will take short sellers 1 days to cover their ABX’s short positions. The short interest to Barrick Gold Corporation’s float is 1.32%.

About 24,443 shares traded. Barrick Gold Corp (USA) (NYSE:ABX) has declined 8.26% since June 20, 2016 and is downtrending. It has underperformed by 24.96% the S&P500.

Barrick Gold Corporation is a gold mining company. The company has market cap of $18.29 billion. The Firm is principally engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. It has a 12.91 P/E ratio. The Company’s divisions include Goldstrike, Cortez, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Acacia Mining plc (Acacia), Pascua-Lama and Other Mines.

Barrick Gold Corp (USA) (NYSE:ABX) Ratings Coverage

Among 23 analysts covering Barrick Gold Corp. (NYSE:ABX), 11 have Buy rating, 1 Sell and 11 Hold. Therefore 48% are positive. Barrick Gold Corp. has $29 highest and $7.50 lowest target. $18.70’s average target is 18.65% above currents $15.76 stock price. Barrick Gold Corp. had 57 analyst reports since August 6, 2015 according to SRatingsIntel. Raymond James maintained the stock with “Market Perform” rating in Thursday, June 15 report. The stock of Barrick Gold Corp (USA) (NYSE:ABX) earned “Hold” rating by Canaccord Genuity on Tuesday, May 3. On Friday, April 7 the stock rating was maintained by Jefferies with “Buy”. On Wednesday, December 21 the stock rating was downgraded by TD Securities to “Hold”. The company was maintained on Wednesday, October 5 by Goldman Sachs. On Monday, April 3 the stock rating was maintained by BMO Capital Markets with “Buy”. The stock has “Sell” rating by Berenberg on Friday, May 26. The company was upgraded on Thursday, July 14 by Jefferies. As per Tuesday, February 16, the company rating was initiated by Clarkson Capital. As per Monday, August 17, the company rating was maintained by Sterne Agee CRT.

More recent Barrick Gold Corp (USA) (NYSE:ABX) news were published by: Investorplace.com which released: “Go Long Barrick Gold Corp (USA) (ABX) Stock For Free With Confidence” on May 26, 2017. Also Fool.ca published the news titled: “Bullion Investors: Is it Time to Buy Barrick Gold Corp.?” on June 05, 2017. Fool.ca‘s news article titled: “Gold Investors: Kinross Gold Corporation vs. Barrick Gold Corp.” with publication date: June 08, 2017 was also an interesting one.

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