Large Outflow of Money Witnessed in Barrick Gold Corporation

Barrick Gold Corporation (NYSE:ABX) During the most recent session, the shares traded at 0.31 points or 1.55% higher at $20.37. The money flow data is unimpressive with the net money flow value of $(-3.71) million. As per the intraday data, the upticks measured $2.98 million and the downticks measured $6.7 million. As a result, the up/down ratio registered a value of 0.45. The shares have seen 3.88% price change for the week.A block trade also made an entry with $0.79 million flowing in through upticks while $5.3 million flew out through downticks. The block tradeoff had the up/down ratio of 0.15. The net money flow for this big transaction was $(-4.51) million.

Shares of Barrick Gold Corporation rose by 2.55% in the last five trading days and 14.27% for the last 4 weeks. Barrick Gold Corporation is up 36.59% in the last 3-month period. Year-to-Date the stock performance stands at 173.22%.

Institutional Investors own 58.09% of Barrick Gold Corporation shares. .

Barrick Gold Corporation (NYSE:ABX) rose 0.25% or 0.05 points on Friday and made its way into the gainers of the day. After trading began at $20.41 the stock was seen hitting $20.52 as a peak level and $19.81 as the lowest level. The stock ended up at $20.11. The daily volume was measured at 34,176,808 shares. The 52-week high of the share price is $21.4 and the 52-week low is $5.91. The company has a market cap of $23,432 million.

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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