Meanwhile, CIBC downgraded its Barrick Gold Corp [GOLD] rating to a Neutral from a a Sector outperform in a research note published recently. A number of analysts have revised their coverage, including UBS’s analysts, who decreased its forecast for the stock in late October from “a Buy” to “a Neutral”. Argus also remained covering GOLD and has increased its forecast on August 29, 2024 with a “Buy” recommendation from previously “Hold” rating.
Price Performance Review of GOLD
On Tuesday, Barrick Gold Corp [NYSE:GOLD] saw its stock jump 0.45% to $15.57. Over the last five days, the stock has gained 0.71%. Barrick Gold Corp shares have risen nearly 0.45% since the year began. Nevertheless, the stocks have fallen -10.98% over the past one year. While a 52-week high of $21.35 was reached on 01/02/25, a 52-week low of $13.76 was recorded on 01/07/25. SMA at 50 days reached $17.25, while 200 days put it at $17.98.
Levels Of Support And Resistance For GOLD Stock
The 24-hour chart illustrates a support level at 15.39, which if violated will result in even more drops to 15.22. On the upside, there is a resistance level at 15.83. A further resistance level may holdings at 16.10. The Relative Strength Index (RSI) on the 14-day chart is 37.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.30%. Stochastics %K at 33.22% 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 2024-12-13, dropping by -0.3 million shares to a total of 14.91 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 15.21 million shares. There was a decline of -2.04%, which implies that there is a negative sentiment for the stock.
