Here's Why Barrrick Gold Plunged 10% in October
Failing to recover from an 11% drop in September, shares of Barrick Gold (NYSE: ABX) fell 10% last month according to S&P Global Market Intelligence. Although there were other factors that surely affected the company's stock, it was news regarding Barrick's operations in Africa that stoked investors' fears the most.
When considering the performance of a gold-mining stock, it's always worthwhile to take a step back and consider the price of gold to which gold stocks are closely correlated. The SPDR Gold Trust ETF (NYSEMKT: GLD), for example, fell more than 1% through the month. But Barrick's precipitous decline isn't solely attributable to the dip in the yellow stuff.
Image source: Getty Images.
Source: Fool.com
Barrick Gold Corp Aktie
15,84 €
1,08 %
Die Barrick Gold Corp Aktie steht gut da mit mehreren Buy- und keiner Sell-Einschätzung.
Ein leicht positives Potenzial wird für Barrick Gold Corp mit einem Kursziel von 17 € im Vergleich zu 15.84 € gesehen.
