Barrick Gold Corporation (ABX) Rises: Stock Jumps 9.2% – Tale of the Tape

Zacks

Barrick Gold Corporation (ABX) was a big mover last session, as the company saw its shares rise more than 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $10.17 to $11.33 over the past one-month time frame.

The stock has witnessed one upward and eight downward estimate revisions in the past 30 days. The Zacks Consensus Estimate has also moved down over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.

Barrick Gold carries a Zacks Rank #3 (Hold), while its Earnings ESP is negative.

A better-ranked stock in the in the mining–gold industry is Golden Star Resources, Ltd. (GSS) carrying a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

To read this article on Zacks.com click here.

Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.

Be the first to comment

Leave a Reply