Barrick Gold shares see a dip — What is pressuring the stock

Traders Union
All News
Financial News
Barrick Gold slides 2.35% today

Highlights

Barrick Gold posted a 31% surge in annual revenue to $16.96 billion, with profits up 133% and a sharply higher dividend payout.
Shareholder returns were prioritized via a 50% free cash flow distribution, a $1.5 billion buyback in 2025, but sentiment was tempered by a lower 2026 production outlook and rising costs.
Technicals show ABX trading under short- and medium-term resistance with an expected range of $57.66–$61.20 next week, momentum signals oversold conditions with a high probability of near-term upside reversal.

Profit surge weighed against production cuts and cost concerns

Barrick Gold reported a 31% increase in annual revenue to $16.96 billion and a 133% rise in profit. The company more than doubled its quarterly dividend from $0.18 to $0.42 and committed to distributing 50% of free cash flow to shareholders, while also repurchasing $1.5 billion in shares during 2025. Investor sentiment was affected by the company’s lowered 2026 production outlook, increased costs, and fluctuations in gold prices, though price action has remained under broader selling pressure.

Anton Kharitonov, expert at Traders Union, observes persistent selling pressure on Barrick Gold, with price action stuck below short- and medium-term moving averages despite robust annual fundamentals. He views the recent technical setup as fragile, with neutral-to-weak momentum signals and clear dynamic resistance around the $65 – $67 zone. Kharitonov notes that the company’s profit surge and dividend hike were overshadowed by softer production guidance and cost concerns, which damaged sentiment. He remains wary of the oversold state, interpreting it as a sign of caution rather than imminent reversal. 'Despite the apparent value, I see multiple risks and expect bears to retain control as long as the technical structure remains pressured,' he states.

Viktoras Karapetjanc, expert at Traders Union, highlights Barrick Gold’s impressive 31% revenue growth and strong profit gains, reinforcing the company’s robust fundamentals. He sees shareholder-focused actions — including an increased dividend, aggressive buybacks, and a high free cash flow payout — as clear positives. Karapetjanc believes recent market weakness presents attractive entry opportunities, especially with all weekly indicators still bullish. 'With solid long-term drivers and upside potential, I expect further growth as bullish structure remains intact,' he says.

Bearish momentum persists as oversold signals point to divergence

ABX is trading at $60.28, which is below both its MA-20 ($65.23) and MA-50 ($65.68), but remains far above its MA-200 ($46.42). This configuration indicates ongoing short- and medium-term selling pressure while long-term structure remains supportive, with dynamic resistance at the Ichimoku Kijun ($66.97) and MA-50, and dynamic support forming well above the 200-day average. Momentum signals are mixed: MACD and ADX on D1 reflect neutral to weak momentum, while RSI (40.51) and CCI confirm the stock is under mild oversold pressure. Stochastic RSI and BBP add to the oversold picture, suggesting that sellers dominate recent trading. The Awesome Oscillator is neutral and does not currently signal a clear trend. Today’s price action shows a gap down at the open, with ABX sliding 2.35% and now trading just above the session’s midpoint, marking moderate intraday volatility and clear bearish tone following early selling pressure. This intraday performance affirms the overarching bearish momentum, but the oversold indications flag emerging divergence among short-term technicals.

Last time, analysts noted that Barrick Gold Corporation was trading below its short- and medium-term moving averages, indicating continued near-term weakness, while longer-term moving averages suggest underlying bullish support. Mixed momentum signals, with the MACD showing buying interest and oscillators reflecting oversold conditions despite ongoing selling pressure, highlight the importance of resistance at $66.97 and support at $59 for the immediate outlook.

Source of Data: ABX Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.