Barrick Gold Corporation (NYSE:ABX) Shorts Strengthened By 83.61%

Barrick Gold Corporation (NYSE:ABX) Corporate Logo

Barrick Gold Corporation (NYSE:ABX) reported an increase of 83.61% in shares shorted. FINRA announced shares shorted of ABX’s total 32.15M 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.

ABX is touching $13.68 during the last trading session, after increased 2.32%.Barrick Gold Corporation is downtrending after having declined 42.17% since December 8, 2017. ABX has 20.30 million volume or 11.48% up from normal. ABX underperformed the S&P 500 by 57.79%.

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 worth $15.95 billion. It primarily explores for gold, copper, and nickel deposits.Last it reported negative earnings. The companyÂ’s principal properties include Cortez, Goldstrike, Pueblo Viejo, Lagunas Norte, and Veladero.

Barrick Gold Corporation (NYSE:ABX) Ratings Coverage

A total of 7 analysts rate Barrick Gold (NYSE:ABX) as follows: 2 “Buy”, 4 “Hold” and 1 “Sell”. Тherefore 29% are bullish. (NYSE:ABX) has 8 ratings reports on Dec 8, 2018 according to StockzIntelligence. On Monday, August 6 the rating was downgraded by Jefferies to “Hold”. On Monday, October 22 Macquarie Research downgraded Barrick Gold Corporation (NYSE:ABX) to “Neutral” rating. In Tuesday, September 25 report Citigroup upgraded it to “Buy” rating and $14 target. On Tuesday, June 12 the stock of Barrick Gold Corporation (NYSE:ABX) has “Underweight” rating given by Morgan Stanley. On Monday, September 17 JP Morgan maintained the shares of ABX in report with “Neutral” rating. On Tuesday, September 25 the company was upgraded by TD Securities. On Monday, July 30 the stock has “Sector Perform” rating by RBC Capital Markets. The company rating was upgraded by Citigroup on Wednesday, August 29.

For more Barrick Gold Corporation (NYSE:ABX) news published recently go to: Seekingalpha.com, Seekingalpha.com, Benzinga.com, Mining.com or Investingnews.com. The titles are as follows: “A Trick-Or-Treat Month For Gold In October – Seeking Alpha” published on November 09, 2018, “Barrick Gold to buy Randgold Resources in all-stock deal – Seeking Alpha” on September 24, 2018, “5 Reasons Why RBC Turned Cautious On Barrick Gold (NYSE:ABX) – Benzinga” with a publish date: July 30, 2018, “Premier Gold Mines locks up land next to South Arturo, Nevada – MINING.com” and the last “Gold and Iron: Mining in Western Australia – Investing News Network” with publication date: November 28, 2018.

Barrick Gold Corporation (NYSE:ABX) Analyst Ratings Chart

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