As this happened, UBS upgraded its Barrick Gold Corp [GOLD] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in late January from “a Buy” to “a Neutral”. Scotiabank also remained covering GOLD and has decreased its forecast on January 21, 2025 with a “Sector perform” recommendation from previously “Sector outperform” rating. CIBC revised its rating on November 25, 2024. It rated GOLD as “a Neutral” which previously was an “a Sector outperform”.
Price Performance Review of GOLD
On Tuesday, Barrick Gold Corp [NYSE:GOLD] saw its stock jump 0.78% to $19.33. Over the last five days, the stock has gained 4.77%. Barrick Gold Corp shares have risen nearly 24.71% since the year began. Nevertheless, the stocks have risen 22.65% over the past one year. While a 52-week high of $21.35 was reached on 03/18/25, a 52-week low of $15.11 was recorded on 01/14/25. SMA at 50 days reached $17.24, while 200 days put it at $18.05.
Levels Of Support And Resistance For GOLD Stock
The 24-hour chart illustrates a support level at 19.17, which if violated will result in even more drops to 19.02. On the upside, there is a resistance level at 19.61. A further resistance level may holdings at 19.90. The Relative Strength Index (RSI) on the 14-day chart is 67.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.70, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 16.67%. Stochastics %K at 87.70% 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 2025-02-28, growing by 0.44 million shares to a total of 16.15 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 15.71 million shares. There was a rise of 2.74%, which implies that there is a positive sentiment for the stock.
