This Is What Whales Are Betting On Barrick Gold

Investors with a lot of money to spend have taken a bullish stance on Barrick Gold GOLD.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with GOLD, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 9 options trades for Barrick Gold.

This isn't normal.

The overall sentiment of these big-money traders is split between 66% bullish and 33%, bearish.

Out of all of the options we uncovered, 8 are puts, for a total amount of $755,446, and there was 1 call, for a total amount of $94,780.

What's The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $13.0 to $24.0 for Barrick Gold over the recent three months.

Volume & Open Interest Trends

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 $13.0 to $24.0, over the past month.

Barrick Gold Option Volume And Open Interest Over Last 30 Days

Largest Options Trades Observed:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
GOLD PUT SWEEP BULLISH 12/20/24 $7.35 $7.25 $7.25 $24.00 $205.2K 0 283
GOLD PUT SWEEP BULLISH 08/16/24 $5.35 $5.25 $5.25 $22.00 $134.4K 0 257
GOLD PUT TRADE BEARISH 01/16/26 $2.43 $2.42 $2.43 $17.00 $121.5K 16.3K 681
GOLD CALL SWEEP BEARISH 06/20/25 $4.7 $4.6 $4.6 $13.00 $94.7K 513 66
GOLD PUT TRADE BEARISH 01/16/26 $2.45 $2.41 $2.45 $17.00 $85.5K 16.3K 2

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.

Current Position of Barrick Gold

  • With a trading volume of 5,438,611, the price of GOLD is up by 1.4%, reaching $16.69.
  • Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
  • Next earnings report is scheduled for 92 days from now.

Professional Analyst Ratings for Barrick Gold

In the last month, 1 experts released ratings on this stock with an average target price of $26.0.

  • Consistent in their evaluation, an analyst from BMO Capital keeps a Outperform rating on Barrick Gold with a target price of $26.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Barrick Gold options trades with real-time alerts from Benzinga Pro.

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