Get started
BARRICK MINING CORPORATIONBB

BARRICK MINING CORPORATION

29.10CADD
−0.22−0.75%
At close at 20:00 GMT
CAD
No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals Bonds

ABX trade ideas

Barrick Gold (GOLD) Gains But Lags MarketBarrick Gold (GOLD) closed the most recent trading day at $15.81, moving +0.44% from the previous trading session. This move lagged the S&P 500's daily gain of 1.06%. Elsewhere, the Dow saw an upswing of 0.93%, while the tech-heavy Nasdaq appreciated by 1.2%. The gold and copper mining company's shares have seen a decrease of 5.41% over the last month, not keeping up with the Basic Materials sector's loss of 4.64% and the S&P 500's loss of 3%. The upcoming earnings release of Barrick Gold will be of great interest to investors. In that report, analysts expect Barrick Gold to post earnings of $0.23 per share. This would mark year-over-year growth of 76.92%. Meanwhile, the latest consensus estimate predicts the revenue to be $3 billion, indicating a 18.67% increase compared to the same quarter of the previous year. In terms of the entire fiscal year, Dexwirenews predict earnings of $0.87 per share and a revenue of $11.88 billion, indicating changes of +16% and +7.85%, respectively, from the former year. Investors might also notice recent changes to analyst estimates for Barrick Gold. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. In terms of valuation, Barrick Gold is currently trading at a Forward P/E ratio of 18.03. This indicates a discount in contrast to its industry's Forward P/E of 19.47. It's also important to note that GOLD currently trades at a PEG ratio of 1.46. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Mining - Gold was holding an average PEG ratio of 1.9 at yesterday's closing price. The Mining - Gold industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 190, placing it within the bottom 25% of over 250 industries.
NYSE:BLong
by DEXWireNews
GOLD MINE-Expansion GEM, ABX: The WAVE-EXPANSION Will be Epical!Hello There! Welcome to my new analysis about a Major Gold-Mine Gem I recently spotted forming worthwhile underlying dynamics that have the potential to transform the whole chart price-action into a massive expansion-dynamic to elevate the volatility to levels not far from the moon. Gold has been around for several thousands of years and with gold also the exploration that already created many historical expansion-waves in which gold mines and exploration facilities could expand over 1,000-4,000% in the shortest period of time. Especially, when new explorations proceeded in territories where gold has never been explored before making the source of a continued worthwhile exploration even greater. The Glorious Past of Gold-Mine Stocks and What Can be Derived From it For Today: Today, a time has emerged in which a gold-backed currency system could emerge again similar to the gold-backed systems and trademarks in the 20st century. Such a implementation of a gold-backed currency system is going to accelerate the exploration of gold massively and especially in such times where more and more gold is being explored this will be a transformational expansion act for companies like ABX, Barrick Gold Corporation as the gold-backed system needs to find the sources of gold to back the legal tender capital. This will be available in the mining facilities and when a large demand meets a not fully maxed out supply this will be a huge driver of price-expansions towards the upside. The Implementation of a Gold-Backed Currency System and the Effects on Gold-Mine Stocks: If a major gold-backed currency system is going to be implemented as there are many plans to this currently this will raise the demand in gold exploration literally over night and only out of this perspective it is going to setup the structure for a massive volatility expansion-wave for gold mining exploration stocks as only a small demand-increase even in a moderately sized economy-field it is going to raise the market-cap of exploration stocks to levels not seen since the gold bull-market with the peaks in 2011. Many conversion of the fiat currency into the gold-backed currency are going to drive the price of a the stock massively. The Massive Price-Expansion-Potentials to Accelerate With a Gold-Backed System Implementation, Technical Chart Price-Action: Considering the chart price-action now Gold moved on to form several important dynamic in this whole structure. Firstly it created a gigantic descending channel-formation with a momentous inverse head-and-shoulder-formation forming coherently within the channel. This is from where the gold exploration gem had the origins bouncing both within the lower boundary of the channel and the lower boundary of the inverse head from where the price-action already bounced to solid levels and is now boiling up for a much larger move and breakout dynamic to accelerate the price-action into expanding spheres. What is so important here in this whole chart is the fact that the price-action is already greatly bouncing above the 20 level where several important indications have their origins. The most important indiciation of this level is the fact that within this level the major Golden-Ratio Trend-Acceleration-Bounce-Zone is allocation. This zone is the zone between the 50% and 61.8% Fibonacci-Level as it is marked in my chart. Especially, when the new gold-backed currency system is going to be accelerated in the implementation within the next times the breakout of the inverse H-S-Formation as it is marked in my chart will be almost inevitable. Prospects and Previsions of a Gold-Backed Currency-System Implementation With the Preceeding Price-Action and Transformational Price Level: The next times will be highly important to watch out here especially when the gold-backed system should accelerate the mining facility production the completion of the first breakout as marked will move on even faster than expected, determining this, what follows once the breakout has emerged are the next accelerations of the price-action into the further spheres till the second breakout and trend-acceleration is going to shoot the price-action to major levels with the targets at at least 302.5-310 as it is marked. Also the meetings of the economies that are looking to implement the gold-backed system are extremely important to watch out especially when the gold-backed currency is being finally implemented and the demand meets the mining facilities this is likely to transform the price-action into the major expansion-phase. The meetings of those economies will be held throughout the year especially in October to November there are likely to be major news into this direction. Remember, that even the implementation of the gold-backed system in a moderate economic field is going to accelerate the price-dynamics heavily as the demand will be around 140 times more than the present unexplored supply. In this manner, thank you everybody for watching the analysis, support from your side is greatly appreciated. VP
T
by VincePrince
15
GOLD: a trading idea for 26/09/2023 Analysts at the Ameriprise Financial Inc. investment firm note that there is no correlation between the dynamics of gold prices and the interest rates set by the world's leading central banks. These indicators are currently at their highest levels since the 2008 crisis. However, gold prices are still near their all-time highs, which suggests that large institutional investors may be anticipating rising inflation and a recession in the US economy. In addition, various central banks are actively buying gold to increase their reserves. Considering these developments, it is interesting to look at the performance of gold mining companies. Today, our focus is on the Barrick Gold Corporation chart (NYSE: GOLD), which operates precious metal mines in 13 countries worldwide. On the D1 timeframe, resistance has formed at 16.81, with support at 15.91 which was broken through on Monday 25 September 2023, and a new support level has not yet been established. There is also a clear downward trend on the H1 timeframe. The price can increase to 16.55 in the short term and to 19.45 in the medium term. — Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews. The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.87% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
N
by RoboMarkets
1
GOLD Barrick Gold Options Ahead of EarningsAfter we hit the 1st price target in the last chart: Now you should know that GOLD, Barrick Gold Corporation, is the usual suspect against the higher inflation numbers. Looking at the GOLD Barrick Gold options chain ahead of earnings , I would buy the $18 strike price Calls with 2023-3-17 expiration date for about $0.81 premium. If the options turn out to be profitable Before the earnings release, I would sell at least 50%. Looking forward to read your opinion about it.
NLong
by TopgOptions
Evening starIs the downtrend of gold miners stock resuming after the "bull run" from Aug 19 to 30? My primary analysis is based on Elliott wave. But it does not hurt to use candlesticks as an auxiliary one to reinforce it. A textbook example of the evening star appears in gold barrick. A gap up from Aug 29 to 30, with a large green candlestick on Aug 29, and a gap down from Aug 30 to Sep 1, with a large red candlestick on Sep 1, may be a harbinger for a bearish reversal. A shooting star candlestick also appears on HUI index on Aug 30. Both can be used as a proxy for reversals for gold and gold miners' equities. The nonfarm payroll for Aug will be out today. Let's see what happens next.
NShort
by brown_maverick
GOLD Barrick Gold Corporation Options Ahead of EarningsIf you haven`t bought GOLD prior to the Double Top: Then analyzing the options chain and the chart patterns of GOLD Barrick Gold Corporation prior to the earnings report this week, I would consider purchasing the 16usd strike price Calls with an expiration date of 2023-9-15, for a premium of approximately $0.96. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NLong
by TopgOptions
$GOLD: Potential Bullish BAMM on A High Cash Flowing Gold MinerThis gold miner has a lot of cash flow and actually brings in some income, which are two traits that are quite rare to see in gold miner stocks. Though it does trade at a very high P/E, it still appears to be a financial rarity within the sector, and therefore the Barrick Gold Corporation has caught my attention, and I would expect that this one will be among the top performing miner stocks if the price of actual gold were to rise. As for the technicals, we have some monthly Bullish Divergence at the 100-Month Moving Average, and we are going to be looking to break above a trend line that could later bring us up to the 0.786-0.886 retraces to complete a Gartley.
NLong
by RizeSenpai
3
GOLD pulls back into the 200 sma supportGOLD pulls back into the 200 sma support on drying up volume to -29%, testing the support (testing for supply) of the oversold lows end of may. The short term random walk trend is down, the short term sma trend is up. Depending on the trend direction, this test is read as a sign of strength or weakness, which is the limitation of the programmed indicators. As this is a test of a low and a support zone, this VPA signal is a sign of strength. Price movements, in any direction, after a low volume pullback can be explosive as there is a vacuum of supply and demand. Watching this further can tell you a lot about VPA.
N
by dokacc
1
Barrick: Barrick Bears 🏉Ever heard of the Barrick Bears? They are a great team, which should help to push our primary scenario for Barrick. Currently, they have to fight against a little bullish counter reaction, but soon they should drag the share below the support at $12.65 and into the yellow zone between $11.97 and $6.32. There, wave (2) in yellow should end and therefore a fresh upwards movement should start. However, there is still a 25% chance for the Barrick Bulls to intervene. They could urge the share above the resistance at $22.80 and thus trigger further ascent.
N
by MarketIntel
Barrick: Dig Deeper! ⛏Barrick still has got heaps of digging operations to do. The share should continue the downwards movement it has started from the last high of wave (iv) in blue and drop below the support line at $12.65. Thereupon, Barrick should enter the yellow zone between $11.97 and $6.32 to develop wave (2) in yellow, whose low should then complete the overarching downwards trend and thus initiate fresh upwards movement. However, there is a 35% chance that Barrick could turn northwards earlier, climbing above the resistance at $22.80. In that case, the share should proceed and rise above $26.07 and $31.22 as well.
N
by MarketIntel
GOLD | Great Entry Point | LONGBarrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties. It has ownership interests in producing gold mines that are located in Argentina, Canada, Cote d'Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania, and the United States. The company also has ownership interests in producing copper mines located in Chile, Saudi Arabia, and Zambia; and various other projects located throughout the Americas, Asia, and Africa. Barrick Gold Corporation was founded in 1983 and is based in Toronto, Canada.
NLong
by DivergenceSeeker
4
Watchlist 2023-03-20 $GOLD $NEM $WAL $ZION $PACW $RIOTSPY - reversed early downside action to start the week flat at the moment. Traders are dividend on what to make of the news that central banks around the world back-stopping failing banks and bolstering the flow of cash around the world to prevent a fast-moving loss of confidence in the financial system's stability. Since the moves seem so divided, no bias today unless we see the $ADD (advance decline line start to hold in either direction of +/- 2000 and the $VOLD ratio clearing +/- 3. Banks: $WAL, $ZION, $PACW Central bank backstopping national banks hasn't proven to be a catalyst yet for regional banks. All are stuck in a tight channel atm. But if we can start to see these names holding near the highs of the channel, potential for a BO. Gold Miners $GOLD $BTG $NEM- continues to be a dip buy into support - ensure to give it room. GOLD looking at 18.00 but prepared to buy into PD low. NEM may have the best RR to the next pivot for a swing hold. Crypto: $RIOT $ Extended into the PM session, waiting for a pullback into PD BO level of 8.00 to structure a long. Need to see buyers step in at this level immediately.
N
by UnclePennybagss
Banks Insolvencies Whisper, SM Crash Begins, Herd flees to Gold After the 80% in 2013, the Gold Pushers have been saying "buy gold" "buy gold" for the last decade. During that time, we saw a sideways consolidation pattern where gold is around the same place today as it was 10 years ago. Meanwhile, SPY grew 3X before drawing down a reasonable 20%. BTC grew 129X drawing down 60%. My hands were in SPY and BTC. However, now with the eminent domino effect of bank insolvencies around the corner and a 30% estimated SPY drawdown around the corner, flight to safety is eminent. NOW is the time to buy gold. Not in 2013, not 2015, not 2019, but NOW. Bear flag forming. 5-10 year recession on the horizon. Gold first. Then, once the Fed starts printing and lower rates again, BTC. Nuff said. GOLD 2008:2011 - 65%+ 2011:2013 - (80%) 2013:2023 - 0% sideways consolidation bearflag SPY 2013:2021 - 3X 2021:2023 - (20%) BTC 2013:2021 - 129X 2021:2023 - (60%) FEDRATE 2019:2020 - (97%) (2.37 to .05) 2020:2022 - sideways (.05) 2022:2023 - 91X M2Supply 2008:2022 - 300X 2022:2023 - (3%)
NLong
by mortgagemanjim
1