What's next for Barrick Gold stock?
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one gold producer.left to rt. Greg Wilkins CEO of Barrick Gold Corporation and CEO of Placer Dome Peter Tomsett with a new version of Barrick logo behind them.they placed the together on the sign. Photo taken at Barrick offices on Bay St in the Canada Trust Tower. increased 3.5% in just the last one week and currently trades close to $22 per share. The recent rise has been driven by strengthening in global gold prices.
According to the Trefis Machine Learning Engine, which identifies trends in a company’s stock price data for the last ten years, returns for GOLD stockperiod after experiencing a 3.5% rise over the previous one-week period. There is a 47% probability that the stock will give a positive return.
. You can test the chance of recovery over different time intervals of a quarter, month, or even just one day!THEN over the next 21 trading days, GOLD stock moves an average of close to 1.4 percent, with a 51% probability of positive return over this period.Question 1: Is the average return for Barrick Gold stock higher after a drop?
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