Barrick Gold Falls 12% From Its 52-Week High: Should You Buy the Dip?

Barrick Gold Corporation’s (GOLD) shares are trading roughly 12% below its 52-week high of $21.35, reached on Oct. 21, 2024, closing at$18.88 yesterday. GOLD’s stock has lost some luster after the recent gains on surging gold prices, partly reflecting the weaker-than-expected preliminary gold production for the third quarter reported last month. The preliminary gold production of 943,000 ounces was lower than the previous quarter’s level. The gold-mining giant’s shares have also been down around 5% over th ...