Barrick Mining Corporation (ABX.TO)
Barrick Mining Corporation (ABX.TO) has demonstrated improving relative strength within the Favoured Green Zone of the SIA S&P/TSX 60 Index Report. The shares currently hold an SIA SMAX score of 8 out of 10 and rank 15th out of 62 securities. Barrick has advanced 32 positions over the past month and two positions over the past quarter.
The Metals and Mining sector is positioned in the Neutral Yellow Zone of the SIA Sector Report, ranking 16th out of 31 sectors.
Barrick’s most recent Point and Figure signal is a Spread Double Top. On a pullback, initial support may be located at the 3-box reversal level of $59.42, followed by support at $54.89 and $48.74. Should the shares continue to strengthen, potential resistance may be located near the previous high of $71.01.
The shares have gained 27.67% over the past month, 15.75% over the past quarter and 88.54% over the past year. By comparison, the S&P/TSX 60 Index has returned 2.86%, 6.59% and 28.87%, respectively, over the same periods.
Barrick Mining Corporation is a Canadian-based gold and copper producer engaged in mining, exploration and mine development. The company holds interests in producing operations across North America, South America, Africa, the Middle East and the Asia-Pacific region.
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