As this happened, BofA Securities downgraded its Barrick Gold Corp [GOLD] rating to a Neutral from a a Buy in a research note published on January 27, 2025; the price target was decreased to $18 from $21. A number of analysts have revised their coverage, including Scotiabank’s analysts, who decreased its forecast for the stock in late January from “a Sector outperform” to “a Sector perform”. CIBC also remained covering GOLD and has decreased its forecast on November 25, 2024 with a “Neutral” recommendation from previously “Sector outperform” rating. UBS revised its rating on October 30, 2024. It rated GOLD as “a Neutral” which previously was an “a Buy”.
Price Performance Review of GOLD
On Tuesday, Barrick Gold Corp [NYSE:GOLD] saw its stock jump 0.72% to $16.68. Over the last five days, the stock has gained 4.51%. Barrick Gold Corp shares have risen nearly 7.61% since the year began. Nevertheless, the stocks have risen 4.97% over the past one year. While a 52-week high of $21.35 was reached on 01/31/25, a 52-week low of $13.76 was recorded on 01/14/25. SMA at 50 days reached $16.39, while 200 days put it at $17.88.
Levels Of Support And Resistance For GOLD Stock
The 24-hour chart illustrates a support level at 16.49, which if violated will result in even more drops to 16.30. On the upside, there is a resistance level at 16.84. A further resistance level may holdings at 17.00. The Relative Strength Index (RSI) on the 14-day chart is 59.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 12.95%. Stochastics %K at 78.69% 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 2025-01-15, growing by 4.67 million shares to a total of 19.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 14.91 million shares. There was a rise of 23.85%, which implies that there is a positive sentiment for the stock.
