Changing Momentum Stocks: Barrick Gold Corporation (NYSE:ABX) , Williams Companies, Inc. (NYSE:WMB)

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Barrick Gold Corporation (NYSE:ABX) initiated the shares trading at $16.88 and showed positive change of +4.64% while the stock’s final trade was registered at $ 17.80. However, its previous closing price was seen at $17.01. The stock negotiated total number of 22.56 million shares as compared to 3 months average volume of 18.42 million shares.

The stock price demonstrated downbeat change from its 50 day moving average of 20.69 and had been down from its 200 Day Moving Average of 17.82.

Barrick Gold Corporation (ABX.TO)(ABX.TO) reported the appointment of George Bee as Senior Vice President for Lama and Frontera District Development, effective September 12.

Reporting to Chief Operating Officer Richard Williams, Mr. Bee’s immediate focus will be on advancing a starter project option at Lama, on the Argentinean side of the Pascua-Lama project. Recent evaluation by the project team indicates that a modest, scalable starter project at Lama using underground mining methods may represent the best option to start a phased development plan for Pascua-Lama. If successful, cash flow from Lama could be used to fund additional development on both sides of the border over time.

Brokerage Recommendations:

According to ZACKS data, different Brokerage Firms rated the stock about their BUY, SELL or HOLD recommendations. Currently shares have been suggested as “BUY” from “0” brokerage firms and recommended as “Strong Buy” by “3” brokerage firms. 0” brokerage firms have issued “Sell” rating for the company and “Strong Sell” rating was issued by “1” brokerage firms. “10” brokerage firms have rated the company as a “Hold”. The Corporation has average brokerage recommendation (ABR) of 2.71 based on consensus of the brokerage firms issuing ratings.

The average true range of Barrick Gold Corporation’s (ABX) is recorded at 0.80 and the relative strength index of the stock stands 30.65. The stock price is going above to its 52 week low with 203.14% and lagging behind from its 52 week high with -24.08%. Analyst recommendation for this stock stands at 2.60. A look on the firm performance, its monthly performance is -20.52% and a quarterly performance of -7.09%. The stock price is trading upbeat from its 200 days moving average with 19.38% and down from 50 days moving average with -14.63%.

Shares of Williams Companies, Inc.  (NYSE:WMB) climbed +0.75% and ended at $28.15 greater than previous closing price of $27.94. The total 12.46 million shares were bought and sold throughout the most recent trading session more than average volume of 11.89 million shares.

Brokerage Recommendations:

The stock has received ratings from many brokerage firms according to ZACKS. Currently shares have been rated as “Buy” from “1” brokerage firms and “6” brokerage firms say as “Strong Buy”. “0” brokerage firms have suggested “Sell” for the company. “4” brokerage firms have recommended as a “Hold”. Strong Sell rating was given by “0” brokerage firms.  The Company has average brokerage recommendation (ABR) of “1.82” based on consensus of the ZACKS brokerage firms.

Williams Companies, Inc.’s (WMB) has price-to-cash ratio of 156.75 and price to sale ratio of 2.94. The company net profit margin is -17.00% and gross profit margin is 78.60%. A look on the firm performance, its monthly performance is 9.66% and a quarterly performance of 27.04%. The stock price is moving up from its 20 days moving average with 4.50% and isolated positively from 50 days moving average with 15.98%.


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