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News

Why Barrick Gold Stock Is Trading Lower

Author: Henry Khederian | April 23, 2025 12:56pm

Barrick Gold Corp (NYSE:GOLD) shares are trading lower by 4.5% to $19.08 during Wednesday’s session. Shares of gold stocks are trading lower as gold prices drop after President Trump said he has no intention of firing Fed Chair Powell and indicated the final tariff rate with China would be “substantially” lower than the current 145%.

These comments could be reducing some macro uncertainty, which recently drove gold to record highs.

What To Know: Barrick Gold shares are slipping after a 19% year-to-date rally. Gold miners in recent weeks have broadly benefit from surging bullion prices and bullish sentiment across the sector.

Despite gold trading above $3,300 per ounce — up 23% year-to-date — Barrick is under pressure as investors rotate out of safe-haven plays Wednesday amid easing geopolitical risks and renewed risk-on sentiment.

Read Also: Business Growth Cools, Prices Rise, And Markets Surge On Tariff Rollback Hopes

The stock’s weakness follows a sharp, short-term spike in gold and broader miner ETFs, such as VanEck Gold Miners ETF (NASDAQ:GDX), which is up 38% year-to-date.

Analysts had high expectations heading into the first-quarter earnings season, banking on record margins with all-in sustaining costs for miners around $1,400-$1,500 per ounce.

Yet, for Barrick, those expectations may now be working against it. Profit-taking, macro-driven capital shifts and competition from other “safe haven” assets — including a surging Bitcoin (CRYPTO: BTC) on Wednesday — are weighing on sentiment.

Read Also: Bessent Blasts China’s Economic Model, Calls For Global Reset, IMF Refocus

How To Buy GOLD Stock

By now you're likely curious about how to participate in the market for Barrick Gold – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

In the case of Barrick Gold, which is trading at $19.11 as of publishing time, $100 would buy you 5.23 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

According to data from Benzinga Pro, GOLD has a 52-week high of $21.35 and a 52-week low of $15.11.

Posted In: $BTC GDX GOLD

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