Shares of Barrick Gold Corporation (ABX) Sees Large Inflow of Net Money Flow

Barrick Gold Corporation (ABX) stock had a bullish inflow of $75.82 million worth of trades on uptick and an outflow of $74.16 million in downticks on Tuesday. The total uptick to downtick ratio stood at 1.02. The net money flow into the stock was $1.66 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $-2.45 million. An inflow of $19.4 million block trade was recorded on downticks. $16.95 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. The total uptick to downtick ratio of block trades was 0.87 in favor of the bulls. However, Barrick Gold Corporation (ABX) stock traded down $1.07 , and reached $20.97, a drop of -4.85% over the previous day. On a weekly basis, the stock is -6.05%, over the previous weeks close.


Institutional Investors own 57.52% of Barrick Gold Corporation shares.

Barrick Gold Corporation has dropped 7.95% in the last five trading days, however, the shares have posted positive gains of 5.15% in the last 4 weeks. Barrick Gold Corporation is up 26.26% in the last 3-month period. Year-to-Date the stock performance stands at 180.15%.

Barrick Gold Corporation (NYSE:ABX): On Tuesdays trading session , Opening price of the stock was $21.97 with an intraday high of $22. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $20.6. However, the stock managed to close at $20.62, a loss of 6.44% for the day. On the previous day, the stock had closed at $22.04. The total traded volume of the day was 33,607,156 shares.

Barrick Gold Corporation (Barrick) is a gold mining company. The Company is engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company operates in segments: eight individual gold mines, Acacia and Pascua-Lama project. The remaining operating segments have been grouped into two other categories: its remaining gold mines and its two copper mines. The Company sells its production in the world market through the distribution channels: gold bullion is sold in the gold spot market; gold and copper concentrate is sold to independent smelting companies, and copper cathode is sold to various manufacturers and traders. The Company has 14 producing gold mines, located in Canada, the United States, Peru, Argentina, Australia, the Dominican Republic and Papua New Guinea. It also holds a 63.9% equity interest in Acacia Mining plc (Acacia) that owns gold mines and exploration properties in Africa.

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