The Gold commodity has had a amazing few weeks for many different reasons but the move in Barrick Gold is beginning to reach the FOMO stage, huge volume has spiked the stock price 40% in less than a month, such parabolic moves should be handled with great care. The rush to safety in GOLD could end, with the upcoming TRUMP XI meeting at the G20 summit, a positive outcome could bring the risk off sentiment to a end, investors will once again jump back into the Semi's and chip stocks, industrials and transports etc. We would be of the opinion that if you missed the rally don't risk joining now with such overbought conditions.
AVERAGE ANALYSTS PRICE TARGET $14.24
AVERAGE ANALYSTS RECOMMENDATION HOLD
COMPANY PROFILE
Barrick Gold Corp. engages in the production and sale of gold and copper, as well as related activities such as exploration and mine development. It operates through the following segments: Barrick Nevada, Veladero, Pueblo Viejo, Lagunas Norte, Turquoise Ridge, Acacia, and Pascua-Lama. The company was founded by Peter D. Munk in 1983 and is headquartered in Toronto, Canada.
AVERAGE ANALYSTS PRICE TARGET $14.24
AVERAGE ANALYSTS RECOMMENDATION HOLD
COMPANY PROFILE
Barrick Gold Corp. engages in the production and sale of gold and copper, as well as related activities such as exploration and mine development. It operates through the following segments: Barrick Nevada, Veladero, Pueblo Viejo, Lagunas Norte, Turquoise Ridge, Acacia, and Pascua-Lama. The company was founded by Peter D. Munk in 1983 and is headquartered in Toronto, Canada.