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Recent Insider Activity Suggests Potential Gains for Barrick Gold Corp. (GOLD)

Taking this into account, Argus upgraded its Barrick Gold Corp. [GOLD] rating to a Buy from a a Hold in a research note published recently. Argus also remained covering GOLD and has decreased its forecast on February 26, 2024 with a “Hold” recommendation from previously “Buy” rating. Bernstein revised its rating on January 08, 2024. It rated GOLD as “a Mkt perform” which previously was an “an Outperform”.

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Price Performance Review of GOLD

On Tuesday, Barrick Gold Corp. [NYSE:GOLD] saw its stock fall -0.19% to $20.48. Over the last five days, the stock has gained 4.49%. Barrick Gold Corp. shares have risen nearly 13.21% since the year began. Nevertheless, the stocks have risen 23.08% over the past one year. While a 52-week high of $21.13 was reached on 09/13/24, a 52-week low of $13.76 was recorded on 02/14/24. SMA at 50 days reached $19.02, while 200 days put it at $17.15.

Levels Of Support And Resistance For GOLD Stock

The 24-hour chart illustrates a support level at 20.27, which if violated will result in even more drops to 20.07. On the upside, there is a resistance level at 20.64. A further resistance level may holdings at 20.81. The Relative Strength Index (RSI) on the 14-day chart is 59.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 29.68%. Stochastics %K at 76.41% indicates the stock is a holding.

How much short interest is there in Barrick Gold Corp.?

A steep rise in short interest was recorded in Barrick Gold Corp. stocks on 2024-08-30, growing by 49605.0 shares to a total of 14.01 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 13.96 million shares. There was a rise of 0.35%, which implies that there is a positive sentiment for the stock.

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