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 fall -0.44% to $20.32. Over the last five days, the stock has gained 15.98%. Barrick Gold Corp shares have risen nearly 31.10% since the year began. Nevertheless, the stocks have risen 13.77% over the past one year. While a 52-week high of $21.35 was reached on 04/11/25, a 52-week low of $15.11 was recorded on 01/14/25. SMA at 50 days reached $18.55, while 200 days put it at $18.31.
Levels Of Support And Resistance For GOLD Stock
The 24-hour chart illustrates a support level at 20.17, which if violated will result in even more drops to 20.03. On the upside, there is a resistance level at 20.57. A further resistance level may holdings at 20.83. The Relative Strength Index (RSI) on the 14-day chart is 62.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.24, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.65%. Stochastics %K at 89.47% 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 2025-03-31, dropping by -1.6 million shares to a total of 14.55 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 16.15 million shares. There was a decline of -10.99%, which implies that there is a negative sentiment for the stock.
