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Wall Street's Analysis on Barrick Gold Corp (GOLD) Stock's Recent Behavior

Monday, June 22, 2020 10:27 AM | InvestorsObserver Analysts

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Wall Street's Analysis on Barrick Gold Corp (GOLD) Stock's Recent Behavior

Overall market sentiment has been high on Barrick Gold Corp (GOLD) stock lately. GOLD receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.

Sentiment Score - ,bullish

Barrick Gold Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on GOLD!

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.

Recent trends are a good indator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.

InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.

Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With GOLD Stock Today?

Barrick Gold Corp (GOLD) stock has gained 5.04% while the S&P 500 is lower by -0.56% as of 10:22 AM on Monday, Jun 22. GOLD has gained $1.24 from the previous closing price of $24.49 on volume of 4,247,997 shares. Over the past year the S&P 500 is up 5.17% while GOLD has gained 58.44%. GOLD earned $2.96 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 0.

To see InvestorsObserver's Sentiment Score for Barrick Gold Corp click here.

More About Barrick Gold Corp

Based in Toronto, Barrick Gold is one of the world's largest gold producers, operating mines in North America, South America, Australia, and Africa. In 2019, the firm produced nearly 5.5 million attributable ounces of gold and more than 430 million pounds of copper, boosted by the acquisition of Randgold at the end of 2018. As of Dec. 31, 2019, Barrick had 71 million ounces and 13.5 billion pounds of proven and probable gold and copper reserves, respectively.

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