Barrick Gold Corporation (NYSE:ABX) Sellers Strengthened Their Shorts By 83.61% As Of Dec 8, 2018

Barrick Gold Corporation (NYSE:ABX) Corporate Logo

Barrick Gold Corporation (NYSE:ABX) reported an increase of 83.61% in shorted shares. FINRA issued shorted shares of ABX’s total 32.15 million shares. That’s 83.61% up from 17.51 million shares. Former ABX’s position will need 2 days to recover. It has 13.47M average volume. 2.76% is Barrick Gold Corporation float short.

The stock increased 2.32% or $0.31 during the last trading session, touching $13.68.Barrick Gold Corporation has 20.30M shares volume, 11.48% up from normal. ABX is downtrending and has moved 42.17% since December 8, 2017. ABX underperformed by 57.79% the S&P500.

Barrick Gold Corporation engages in the exploration and development of mineral properties in the United States, Canada, Australia, Argentina, Chile, Peru, the Dominican Republic, Papua New Guinea, Tanzania, Zambia, and Saudi Arabia.The firm is valued at $15.95 billion. It primarily explores for gold, copper, and nickel deposits.Currently it has negative earnings. The companyÂ’s principal properties include Cortez, Goldstrike, Pueblo Viejo, Lagunas Norte, and Veladero.

Barrick Gold Corporation (NYSE:ABX) Ratings Coverage

In total 7 analysts cover Barrick Gold (NYSE:ABX). “Buy” rating has 2, “Sell” are 1, while 4 are “Hold”. 29% are bullish. 8 are the (NYSE:ABX)’s analyst reports since June 12, 2018 according to StockzIntelligence Inc. The stock rating was downgraded by Macquarie Research to “Neutral” on Monday, October 22. On Tuesday, June 12 the firm has “Underweight” rating by Morgan Stanley given. On Tuesday, September 25 the firm has “Buy” rating given by Citigroup. On Monday, September 17 the stock has “Neutral” rating by JP Morgan. On Wednesday, August 29 the firm has “Neutral” rating given by Citigroup. On Tuesday, September 25 the firm has “Buy” rating by TD Securities given. On Monday, August 6 the rating was downgraded by Jefferies to “Hold”. On Monday, July 30 the stock has “Sector Perform” rating by RBC Capital Markets.

For more Barrick Gold Corporation (NYSE:ABX) news published recently go to: Fool.ca, Seekingalpha.com, Investingnews.com, Fool.com or Fool.ca. The titles are as follows: “3 Mining Stocks With Plenty of Upside/Downside Risk – The Motley Fool Canada” published on November 29, 2018, “Egyptian billionaire eyes Barrick’s African gold mines after Randgold merger – Seeking Alpha” on November 27, 2018, “Precious Metals Weekly Round-Up: Gold Up, Near Five-Month Peak – Investing News Network” with a publish date: December 07, 2018, “Gold ETFs: All You Need to Know – The Motley Fool” and the last “3 TSX Stocks Under $20 to Grab Today – The Motley Fool Canada” with publication date: November 13, 2018.

Barrick Gold Corporation (NYSE:ABX) Analyst Ratings Chart

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