Large Outflow of Money Witnessed in Barrick Gold Corporation

Barrick Gold Corporation (ABX) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($10.41 million) and the uptick to downtick ratio was 0.84. The transaction value on upticks was $54.68 million and on downticks, the transaction value was $65.09 million. In block trades, the transaction value of inflow done during uptick was $2.62 million. The transaction value of block trades during downticks was $8.53 million. The uptick to downtick block trade ratio was 0.31. The money flow was negative ($5.91 million), indicating the traders were booking profit on the price strength. Barrick Gold Corporation (ABX) rose $0.36 at $18.16, during intraday Friday , a rise of 2.02% over the previous days close.


Institutional Investors own 62.16% of Barrick Gold Corporation shares.

Barrick Gold Corporation (NYSE:ABX): The stock opened at $18.34 and touched an intraday high of $18.66 on Friday. During the day, the stock corrected to an intraday low of $17.88, however, the bulls stepped in and pushed the price higher to close in the green at $18.16 with a gain of 2.02% for the day. The total traded volume for the day was 22,971,525. The stock had closed at $17.8 in the previous trading session.

Barrick Gold Corporation (ABX) : During the past 4 weeks, traders have been relatively bearish on Barrick Gold Corporation (ABX), hence the stock is down -14.39% 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 -0.83% relative to the S&P 500. The 4-week change in the price of the stock is -14.5% and the stock has fallen -0.33% in the past 1 week.

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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