Barrick Gold Corporation (USA) Could Decline a Lot According to The Today’s Call Option Activity

 Barrick Gold Corporation (USA) Could Decline a Lot According to The Today's Call Option Activity

In today’s session Barrick Gold Corporation (USA) (ABX) recorded an unusually high (556) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the April, 2017 put, expecting serious ABX decrease. With 556 contracts traded and 13074 open interest for the Apr, 17 contract, it seems this is a quite bearish bet. The option with symbol: ABX170421P00018000 closed last at: $2.12 or 10.4% up. About 6.96 million shares traded hands. Barrick Gold Corporation (USA) (NYSE:ABX) has risen 30.41% since April 5, 2016 and is uptrending. It has outperformed by 28.45% the S&P500.

Barrick Gold Corporation (USA) (NYSE:ABX) Ratings Coverage

Out of 22 analysts covering Barrick Gold Corp. (NYSE:ABX), 11 rate it a “Buy”, 1 “Sell”, while 10 “Hold”. This means 50% are positive. $29 is the highest target while $7.50 is the lowest. The $15.78 average target is -7.34% below today’s ($17.03) stock price. Barrick Gold Corp. has been the topic of 46 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm earned “Sell” rating on Friday, July 31 by Canaccord Genuity. Sterne Agee CRT maintained the shares of ABX in a report on Monday, August 17 with “Neutral” rating. The stock of Barrick Gold Corporation (USA) (NYSE:ABX) has “Buy” rating given on Thursday, July 14 by Jefferies. The rating was upgraded by Deutsche Bank on Monday, October 3 to “Buy”. The company was downgraded on Tuesday, May 3 by Canaccord Genuity. The stock of Barrick Gold Corporation (USA) (NYSE:ABX) has “Neutral” rating given on Tuesday, February 16 by Clarkson Capital. Berenberg initiated Barrick Gold Corporation (USA) (NYSE:ABX) on Wednesday, September 7 with “Sell” rating. The firm earned “Hold” rating on Monday, October 31 by Mackie. The company was maintained on Wednesday, October 5 by Goldman Sachs. The rating was upgraded by Clarkson Platou to “Buy” on Monday, April 18.

According to Zacks Investment Research, “Barrick Gold Corporation is a leading international gold producer with low-cost mines in North and South America.”

Barrick Gold Corporation is engaged in the production and sale of gold, as well as related activities, such as exploration and mine development. The company has a market cap of $19.52 billion. The Firm produces copper, principally from its Zaldivar joint venture and Lumwana mine, and holds other interests. It currently has negative earnings. Barricks’ divisions include Cortez, Goldstrike, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Porgera, Kalgoorlie, Acacia Mining plc, Lumwana, Zaldivar and Pascua-Lama Project.

ABX Company Profile

Barrick Gold Corporation (Barrick), incorporated on March 10, 1995, is engaged in the production and sale of gold, as well as related activities, such as exploration and mine development. The Firm produces copper, principally from its Zaldivar joint venture and Lumwana mine, and holds other interests. The Company’s divisions include Cortez, Goldstrike, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Porgera, Kalgoorlie, Acacia Mining plc (Acacia), Lumwana, Zaldivar and Pascua-Lama Project.

More notable recent Barrick Gold Corporation (USA) (NYSE:ABX) news were published by: Investorplace.com which released: “Barrick Gold Corporation (USA) (ABX)” on August 24, 2016, also Investorplace.com with their article: “Barrick Gold Corporation (USA): 3 Pros, 3 Cons of ABX Stock” published on September 08, 2016, Investorplace.com published: “Trade of the Day: Barrick Gold Corporation (USA) (NYSE:ABX)” on October 10, 2016. More interesting news about Barrick Gold Corporation (USA) (NYSE:ABX) were released by: Investorplace.com and their article: “Trade of the Day: Barrick Gold Corporation (USA) (ABX) Ripe for a Drop” published on October 05, 2016 as well as Fool.com‘s news article titled: “Barrick Gold Corporation (USA) Stock Up 18%: Will Uncertainty Drive Gold Higher?” with publication date: January 07, 2016.

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