On July 2, Barrick Mining rose 3.26% in regular trading, trading at $37.82/share, with turnover of $14.25 million. The gold sector rallied for a second consecutive trading day, with the stock rebounding from a recent pullback.

On the news front, a World Gold Council survey revealed that 89% of central bank reserve managers expect global central bank gold reserves to continue increasing over the next 12 months, fueling market expectations of a gold price rebound from oversold levels and driving a collective recovery in mining stocks. Within the sector, Coeur Mining rose 6.32%, AngloGold Ashanti gained 3.92%, Newmont Mining added 3.45%, and Wheaton Precious Metals climbed 3.19%.

On the fundamental side, Barrick reported Q1 adjusted earnings per share of $0.98, representing a 180% year-over-year increase, and announced a $3 billion share buyback program. Analysts maintain a consensus overweight rating with a mean price target of $56.72, suggesting significant upside from current levels despite recent target price reductions from UBS and RBC.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)