Citigroup Lowers Barrick Gold Price Target to $17.00
Dec 21, 2024
Barrick Gold's Notable Options Activity and Market Insights
Investors with substantial capital, often referred to as "whales," have demonstrated a strong bullish sentiment towards Barrick Gold (NYSE:GOLD).
Upon examining the options history for Barrick Gold, a total of 10 trades have been identified.
When we break down these trades, it is clear that approximately 70% of the investors engaged in bullish activities, while the remaining 30% were bearish.
Out of the trades observed, 4 were put options totaling $334,067, whereas 6 were call options amounting to $457,550.
Price Target Insights
Considering the volume and open interest associated with these contracts, it seems that investors are targeting a price range between $15.0 and $22.0 for Barrick Gold over the past three months.
Analysis of Volume and Open Interest
Monitoring volume and open interest is crucial for evaluating a stock's performance.
This information provides insights into the liquidity and investor interest related to Barrick Gold's options for specific strike prices.
Below is a review of the volume and open interest metrics for both calls and puts relating to Barrick Gold's whale activity within the strike price range of $15.0 to $22.0 over the last 30 days.
30-Day Overview of Call and Put Volumes
Highlighted Options Activity
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GOLD | CALL | TRADE | BEARISH | 01/16/26 | $1.47 | $1.45 | $1.45 | $20.00 | $145.0K | 81.3K | 2.1K |
| GOLD | PUT | SWEEP | BEARISH | 12/18/26 | $6.00 | $5.95 | $6.00 | $22.00 | $120.0K | 1.0K | 200 |
| GOLD | CALL | TRADE | BULLISH | 01/16/26 | $1.53 | $1.45 | $1.50 | $20.00 | $120.0K | 81.3K | 1.0K |
| GOLD | PUT | SWEEP | BULLISH | 03/21/25 | $0.37 | $0.36 | $0.37 | $15.00 | $105.0K | 8.6K | 2.8K |
| GOLD | PUT | SWEEP | BULLISH | 03/21/25 | $0.40 | $0.37 | $0.37 | $15.00 | $74.0K | 8.6K | 5.1K |
About Barrick Gold
Barrick Gold, based in Toronto, is among the largest gold mining companies worldwide. In 2023, it produced nearly 4.1 million attributable ounces of gold along with approximately 420 million pounds of copper. At the end of 2023, Barrick reported having roughly two decades’ worth of gold reserves along with substantial copper reserves. The company operates mines in 19 countries across the Americas, Africa, the Middle East, and Asia, following its acquisition of Randgold in 2019 and forming a joint venture with Newmont.
Barrick Gold's Current Market Position
- The trading volume for Barrick Gold stands at 2,458,520, with a current price of $16.75, reflecting a decrease of -2.42%.
- Current Relative Strength Index (RSI) values imply that the stock is neutral between overbought and oversold conditions.
- The next earnings report for Barrick Gold is expected in 61 days.
Analysts' Opinions on Barrick Gold
Over the past 30 days, two professional analysts have provided insights on Barrick Gold, establishing an average price target of $24.0. An analyst from Scotiabank maintains a Sector Outperform rating for the stock with a target price of $23, while Raymond James continues to hold an Outperform rating, targeting a price of $25.
Trading options carries greater risk, but it also opens the door to potentially higher profits. To manage these risks, traders often engage in continuous education, strategic trade adjustments, and pay close attention to market trends.
Stay informed about Barrick Gold's latest options trades with real-time alerts and analysis.
Barrick, Gold, Options