Whales with a lot of money to spend have taken a noticeably bearish stance on Barrick Gold.
Looking at options history for Barrick Gold GOLD we detected 27 trades.
If we consider the specifics of each trade, it is accurate to state that 44% of the investors opened trades with bullish expectations and 48% with bearish.
From the overall spotted trades, 12 are puts, for a total amount of $413,334 and 15, calls, for a total amount of $1,131,839.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $8.0 to $20.0 for Barrick Gold over the recent three months.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Barrick Gold's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Barrick Gold's significant trades, within a strike price range of $8.0 to $20.0, over the past month.
Barrick Gold Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GOLD | CALL | SWEEP | BULLISH | 01/16/26 | $1.39 | $1.25 | $1.28 | $20.00 | $139.3K | 83.4K | 1.0K |
| GOLD | CALL | TRADE | NEUTRAL | 01/16/26 | $1.39 | $1.3 | $1.35 | $20.00 | $135.0K | 83.4K | 1.0K |
| GOLD | CALL | SWEEP | BEARISH | 01/16/26 | $1.39 | $1.3 | $1.3 | $20.00 | $130.9K | 83.4K | 2.0K |
| GOLD | CALL | TRADE | BEARISH | 01/16/26 | $1.34 | $1.28 | $1.3 | $20.00 | $130.0K | 83.4K | 5.1K |
| GOLD | CALL | TRADE | BEARISH | 01/16/26 | $1.35 | $1.28 | $1.3 | $20.00 | $130.0K | 83.4K | 4.0K |
About Barrick Gold
Based in Toronto, Barrick Gold is one of the world's largest gold miners. In 2023, the firm produced nearly 4.1 million attributable ounces of gold and about 420 million pounds of copper. At year-end 2023, Barrick had about two decades of gold reserves along with significant copper reserves. After buying Randgold in 2019 and combining its Nevada mines in a joint venture with competitor Newmont later that year, it operates mines in 19 countries in the Americas, Africa, the Middle East, and Asia. The company also has growing copper exposure. Its potential Reko Diq project in Pakistan, if developed, could double copper production by the end of the decade.
Following our analysis of the options activities associated with Barrick Gold, we pivot to a closer look at the company's own performance.
Present Market Standing of Barrick Gold
- Currently trading with a volume of 11,517,916, the GOLD's price is down by -1.67%, now at $16.5.
- RSI readings suggest the stock is currently may be approaching oversold.
- Anticipated earnings release is in 58 days.
What Analysts Are Saying About Barrick Gold
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $24.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from Raymond James persists with their Outperform rating on Barrick Gold, maintaining a target price of $25. * An analyst from Scotiabank persists with their Sector Outperform rating on Barrick Gold, maintaining a target price of $23.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Barrick Gold with Benzinga Pro for real-time alerts.
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