Is It Right Time to Be Bearish on Barrick Gold Corporation (GOLD), KeyCorp (KEY)?

    The shares of Barrick Gold Corporation (NYSE:GOLD) has been pegged with a rating of Buy by Argus in its latest research note that was published on August 13th, 2019. Argus wasn’t the only research firm that published a report of Barrick Gold Corporation, with other equities research analysts also giving their opinion on the stock. Barclays advised investors in its research note published on July 16th, 2019, to Equal Weight the GOLD stock. The stock had earned Neutral rating from Citigroup when it published its report on May 23rd, 2019. The stock was given Buy rating by Deutsche Bank in its report released on April 10th, 2019, the day when the price target on the stock was placed at $15. Desjardins was of a view that GOLD is Buy in its latest report on March 13th, 2019. TD Securities thinks that GOLD is worth Hold rating. This was contained in the firm’s report on February 15th, 2019.

    The consensus currently stands at a Hold while its average price target is $18.66. The price of the stock the last time has raised by 108.50% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 71.26.

    The shares of the company added by 2.32% during the trading session on Thursday, reaching a low of $19.27 while ending the day at $19.87. During the trading session, a total of 12.61 million shares were traded which represents a 27.87% incline from the average session volume which is 17.48M shares. GOLD had ended its last session trading at 19.42. Barrick Gold Corporation currently has a market cap of $34.67B while its P/E earnings growth sits at 4.39, with a beta of -0.32. Barrick Gold Corporation debt-to-equity ratio currently stands at 0.37, while its quick ratio hovers at 1.60. GOLD 52-week low price stands at $9.53 while its 52-week high price is $20.07.

    Investment analysts at Robert W. Baird published a research note on June 21st, 2019 where it informed investors and clients that KeyCorp (NYSE:KEY) is now rated as Outperform. Their price target on the stock stands at $19. Barclays also rated KEY as Downgrade on July 16th, 2019, with its price target of $27 suggesting that KEY could surge by 16.71% from its current share price. Even though the stock has been trading at $16.22/share, analysts expect it to surge higher by 1.11% to reach $19.69/share. It started the day trading at $16.51 and traded between $16.32 and $16.40 throughout the trading session.

    A look at its technical shows that KEY’s 50-day SMA is 17.10 while its 200-day SMA stands at 16.81. The stock has a high of $21.50 for the year while the low is $13.65. The company’s P/E ratio currently sits at 9.81, while the P/B ratio is 1.09. At the moment, only of KeyCorp shares were sold short. The company’s average trading volume currently stands at 8.80M shares, which means that the short-interest ratio is just 1.69 days. Over the past seven days, the company moved, with its shift of 3.73%. Looking further, the stock has dropped -2.90% over the past 90 days while it lost -3.07% over the last six months.

    The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more KEY shares, increasing its portfolio by +0.36% during the last quarter. This move now sees The Vanguard Group Inc purchasing 395,850 shares in the last quarter, thus it now holds 111,541,643 shares of KEY, with a total valuation of $2,049,019,982. BlackRock Fund Advisors meanwhile sold more KEY shares in the recently filed quarter, changing its stake to $1,118,947,121 worth of shares. SSgA Funds Management Inc followed the path by increasing its KEY portfolio by +1.62% in the quarter. This means that SSgA Funds Management Inc bought 794,368 shares in the last quarter and now controls 49,858,797 shares of the KEY stock, with the valuation hitting $915,906,101.

    Similarly, Boston Partners Global Investors decreased its KeyCorp shares by -2.94% during the recently filed quarter. After selling -841,199 shares in the last quarter, the firm now controls 27,739,486 shares of KeyCorp which are valued at $509,574,358. In the same vein, Capital Research Management Co decreased its KeyCorp shares by during the most recent reported quarter. The firm sold -3,231,705 shares during the quarter which decreased its stakes to 27,467,295 shares and is now valued at $504,574,209. Following these latest developments, around 0.20% of KeyCorp stocks are owned by institutional investors and hedge funds.