Down 2.0% to $33.15, Barrick Gold (NYSE:ABX), is one of today's notable movers. The Dow Jones Industrial Average is now trading fractionally higher to 13,256 and the S&P is trading fractionally higher to 1,437.
Barrick Gold Corporation is an international gold company with operating mines and development projects in the United States, Canada, South America, Australia, and Africa.
Potential upside of 48.0% exists for Barrick Gold, based on a current level of $33.15 and analysts' average consensus price target of $49.05. The stock should run into initial resistance at its 50-day moving average (MA) of $36.70 and subsequent resistance at its 200-day MA of $38.53.
Over the past year, Barrick Gold has traded in a range of $31.00 to $50.39 and is now at $33.15, 7% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has declined 1.9%.