Barrick Mining saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an increase from 68 to 73.
How To Invest In Stocks In Both Bull And Bear Markets
IBD's proprietary rating measures share price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they launch their biggest climbs. See if Barrick Mining can continue to rebound and clear that threshold.
While it's not currently an ideal time to jump in, see if the stock goes on to form a chart pattern and break out.
Earnings growth increased last quarter from 70% to 84%. But revenue gains fell from 19% to 14%. The next quarterly numbers are expected on or around Aug. 11.
The company earns the No. 17 rank among its peers in the Mining-Gold/Silver/Gems industry group. Agnico-Eagle Mines, AngloGold Ashanti and Caledonia Mining are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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