Barrick Mining Corp rises 5.01% amid market strength
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 05 Jan 26
Source: Benzinga
Barrick Mining Corp's shares increased by 5.01%, reaching a 5-day high, as the broader market showed positive momentum with the Nasdaq-100 up 0.92% and the S&P 500 up 0.64%.
This rise comes amid a sector rotation, as investors react to recent economic data indicating a recovery in China's manufacturing sector, which may enhance global growth prospects. The positive sentiment in the market is reflected in the overall gains, despite Barrick's recent struggles with fluctuating gold and silver prices.
The implications of this movement suggest that while Barrick Mining is experiencing a short-term boost, investors should remain cautious due to the ongoing volatility in precious metal prices and the company's long-term performance challenges.
Analyst Views on B
Wall Street analysts forecast B stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for B is 46.72 USD with a low forecast of 38.00 USD and a high forecast of 55.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
13 Buy
2 Hold
0 Sell
Strong Buy
Current: 52.170
Low
38.00
Averages
46.72
High
55.00
Current: 52.170
Low
38.00
Averages
46.72
High
55.00
About B
Barrick Mining Corporation is a gold and copper producer, which is engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company has ownership interests in producing gold mines that are located in Argentina, Canada, Cote d’Ivoire, the Democratic Republic of Congo, the Dominican Republic, Papua New Guinea, Tanzania and the United States. Its copper mines are located in Zambia, Chile and Saudi Arabia. Its operations include Nevada Gold Mines, Bulyanhulu, Jabal Sayid, Kibali, Loulo-Gounkoto, Lumwana, North Mara, Porgera, Pueblo Viejo, Veladero and Zaldivar. Its Bulyanhulu operation is located in north-west Tanzania, over 55 kilometers (km) south of Lake Victoria and 150 km southwest of the city of Mwanza. The Jabal Sayid copper operation is located approximately 350 km north-east of Jeddah in the Kingdom of Saudi Arabia. The Lumwana copper mine is a conventional open pit operation.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
