Large Outflow of Money Witnessed in Barrick Gold Corporation

Barrick Gold Corporation (ABX) managed to eke out gains of 0.22% in intraday trade. The share price increased by 0.04 points to $18.48. Till last observation, the net money flow was recorded at a negative $(-5.38) million. The total inflow of $38.74 million in upticks was completely overshadowed by an outflow of $44.12 million in downticks, giving the up/down ratio a value of 0.88. The shares have seen a change of 3.88% in the past week.A block trade occurred in the company shares in which the composite value of the upticks was $4.02 million and the composite value in downticks was $11.58 million. The resultant up/down ratio for the block exchange was 0.35. The block trade had a negative money flow of $(-7.56) million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Shares of Barrick Gold Corporation rose by 2.33% in the last five trading days and 15.64% for the last 4 weeks. Barrick Gold Corporation is up 5.2% in the last 3-month period. Year-to-Date the stock performance stands at 15.64%. Barrick Gold Corporation (NYSE:ABX) rose 0.22% or 0.04 points on Wednesday and made its way into the gainers of the day. After trading began at $18.16 the stock was seen hitting $18.521 as a peak level and $18.06 as the lowest level. The stock ended up at $18.48. The daily volume was measured at 16,189,417 shares. The 52-week high of the share price is $23.47 and the 52-week low is $9.655. The company has a market cap of $21,537 million.

Barrick Gold Corporation (USA) Last issued its quarterly earnings results on Oct 26, 2016. The company reported $0.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.04. Analyst had a consensus of $0.20. The company had revenue of $2300.00 million for the quarter, compared to analysts expectations of $2233.59 million. The companys revenue was down -.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.11 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Barrick Gold Corporation (USA) was Downgraded by TD Securities to Hold on Dec 21, 2016.

Barrick Gold Corporation is a leading international gold producer with low-cost mines in North and South America.

Barrick

Share this post

Leave a Reply