Bullish options flow was detected in GOLD stock on December 9, 2019.
On November 28, 2019, Barrick Gold Corporation announced it has completed the divestiture of its 50 percent interest in Kalgoorlie Consolidated Gold Mines in Western Australia to Saracen Mineral Holdings Limited for a total cash consideration of $750 million.
On December 4, 2019, RBC Capital analyst Josh Wolfson assumed coverage of Barrick Gold with an Outperform rating and $20 price target. The analyst believes the company’s relative premium valuation “appropriately reflects” its positive upcoming catalysts and “encouraging” expected year-end resource update. Barrick’s Nevada joint venture resource definition and ongoing exploration success at Fourmile have the potential to be key value drivers, Wolfson tells investors in a research note.