Barrick Gold Corporation (USA) Just Recorded A Sigfniciant Bullish Options Activity

In today’s session Barrick Gold Corporation (USA) (ABX) registered an unusually high (6,333) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious ABX increase. With 6,333 contracts traded and 269294 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: ABX170120C00008000 closed last at: $7.2 or 1.4% down. The stock decreased 0.27% or $0.04 on March 18, hitting $14.74. About 23.75 million shares traded hands. Barrick Gold Corporation (USA) (NYSE:ABX) has risen 89.70% since August 13, 2015 and is uptrending. It has outperformed by 91.33% the S&P500.

Analysts await Barrick Gold Corporation (USA) (NYSE:ABX) to reports earnings on April, 25. They expect $0.07 EPS, up 40.00% or $0.02 from last year’s $0.05 per share. ABX’s profit will be $81.16M for 52.64 P/E if the $0.07 EPS becomes reality. After $0.08 actual EPS reported by Barrick Gold Corporation (USA) for the previous quarter, Wall Street now forecasts -12.50% negative EPS growth.

Out of 22 analysts covering Barrick Gold Corp. (NYSE:ABX), 0 rate it “Buy”, 0 “Sell”, while 0 “Hold”. This means NaN are positive. Barrick Gold Corp. was the topic in 33 analyst reports since August 6, 2015 according to StockzIntelligence Inc.

Barrick Gold Corporation is a gold mining company. The company has a market cap of $17.09 billion. The Firm is engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. It currently has negative earnings. The Firm operates in divisions: eight individual gold mines, Acacia and Pascua-Lama project.

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