Barrick Gold Corporation (NYSE:ABX) Shorts Increased By 50.65% As Of Apr 17, 2018

April 17, 2018 - By Sheila Anderson

Barrick Gold Corporation (NYSE:ABX) Corporate Logo

It was noted an increase on Barrick Gold Corporation (NYSE:ABX)’s shares shorted with 50.65%. In April was announced ABX’s total 16.08 million shares shorted by FINRA. The up change of 50.65% from 10.67 million shares was reported. 1 days will cost ABX With 13.27 million average volume to restore its previous position. Barrick Gold Corporation’s shares shorted float is 1.38%.

On during the last trading session the stock decreased $0.12 or 0.91%, reaching $13.03.Barrick Gold Corporation has volume of 8.47 million shares. Since April 17, 2017 ABX has declined 35.92% and is downtrending. ABX underperformed the S&P 500 by 47.47%.

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 company has $14.64 billion market cap. It primarily explores for gold, copper, and nickel deposits.10.59 is the P/E ratio. The companyÂ’s principal properties include Cortez, Goldstrike, Pueblo Viejo, Lagunas Norte, and Veladero.

Barrick Gold Corporation (NYSE:ABX) Ratings Coverage

In total 10 analysts cover Barrick Gold (NYSE:ABX). “Buy” rating has 3, “Sell” are 1, while 6 are “Hold”. 30% are bullish. With $21.0 highest and $11 lowest [Target] Barrick Gold has $15.67 average [Target] or 20.26% above the current ($13.03) price. 17 are the (NYSE:ABX)’s analyst reports since October 19, 2017 according to StockzIntelligence Inc. On Monday, October 30 the stock of Barrick Gold Corporation (NYSE:ABX) has “Buy” rating given by RBC Capital Markets. On Wednesday, March 28 JP Morgan maintained the shares of ABX in report with “Neutral” rating. On Thursday, November 30 the rating was downgraded by Citigroup to “Sell”. On Thursday, October 26 Credit Suisse downgraded Barrick Gold Corporation (NYSE:ABX) to “Hold” rating. The stock rating was upgraded by RBC Capital Markets to “Outperform” on Monday, March 12. On Wednesday, February 28 the rating was maintained by Morgan Stanley with “Equal-Weight”. On Thursday, March 15 the firm earned “Buy” rating by Deutsche Bank. The stock rating was downgraded by RBC Capital Markets to “Sector Perform” on Wednesday, November 1. The company rating was maintained by Citigroup on Thursday, March 1. On Thursday, February 15 the stock of Barrick Gold Corporation (NYSE:ABX) earned “Buy” rating by Jefferies.

Barrick Gold Corporation (NYSE:ABX) Analyst Ratings Chart

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