Barrick's Shares Gain 11% in a Month: Time to Buy the Stock?

Shares of Barrick Gold Corporation (GOLD) have gained 11.1% in the past month, outperforming the Zacks Mining – Gold industry's growth of 5%. The bullishness appears to have been catalyzed by its forecast-topping earnings performance in the second quarter and the rally in gold prices. GOLD is currently trading at a roughly 8% discount to its 52-week high of $20.89, reached on Aug. 20, 2024, as gold prices catapulted to a record high on a surge in safe-haven demand. Technical indicators for Barrick show stro ...