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 jump 1.58% to $21.19. Over the last five days, the stock has gained 4.85%. Barrick Gold Corp. shares have risen nearly 17.14% since the year began. Nevertheless, the stocks have risen 25.46% over the past one year. While a 52-week high of $21.35 was reached on 10/21/24, a 52-week low of $13.76 was recorded on 02/14/24. SMA at 50 days reached $20.10, while 200 days put it at $17.48.
Levels Of Support And Resistance For GOLD Stock
The 24-hour chart illustrates a support level at 21.05, which if violated will result in even more drops to 20.90. On the upside, there is a resistance level at 21.29. A further resistance level may holdings at 21.39. The Relative Strength Index (RSI) on the 14-day chart is 63.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.80, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 7.80%. Stochastics %K at 85.45% indicates the stock is a selling.
How much short interest is there in Barrick Gold Corp.?
A steep rise in short interest was recorded in Barrick Gold Corp. stocks on 2024-09-30, dropping by -5.7 million shares to a total of 11.13 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 16.83 million shares. There was a decline of -51.23%, which implies that there is a negative sentiment for the stock.
