Barrick Gold Corporation (ABX) Shares are Down -11.6%

Barrick Gold Corporation (ABX) : During the past 4 weeks, traders have been relatively bearish on Barrick Gold Corporation (ABX), hence the stock is down -16.48% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -11.01% relative to the S&P 500. The 4-week change in the price of the stock is -16.65% and the stock has fallen -11.6% in the past 1 week.

Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 13.91% and the fifty day Moving Average is 13.38%. Barrick Gold Corporation is up 9.63% in the last three month period. Year-to-Date the stock performance stands at 147.54%.

Barrick Gold Corporation (ABX) : The highest short term price target forecast on Barrick Gold Corporation (ABX) is $28 and the lowest target price is $11. A total of 13 equity analysts are currently covering the company. The average price of all the analysts is $21.01 with a standard deviation of $4.89.


Barrick Gold Corporation (NYSE:ABX): On Fridays trading session , Opening price of the stock was $18.71 with an intraday high of $18.99. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $17.9101. However, the stock managed to close at $18.22, a loss of 0.33% for the day. On the previous day, the stock had closed at $18.28. The total traded volume of the day was 22,441,535 shares.

Barrick Gold Corporation (Barrick) is a gold mining company. The Company is engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company operates in segments: eight individual gold mines, Acacia and Pascua-Lama project. The remaining operating segments have been grouped into two other categories: its remaining gold mines and its two copper mines. The Company sells its production in the world market through the distribution channels: gold bullion is sold in the gold spot market; gold and copper concentrate is sold to independent smelting companies, and copper cathode is sold to various manufacturers and traders. The Company has 14 producing gold mines, located in Canada, the United States, Peru, Argentina, Australia, the Dominican Republic and Papua New Guinea. It also holds a 63.9% equity interest in Acacia Mining plc (Acacia) that owns gold mines and exploration properties in Africa.

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