On July 1, Barrick Mining rose 3.08% in regular trading, trading at $37.34/share, with turnover of $94.86 million. The stock rebounded alongside a broad recovery in the gold mining sector after significant selling pressure in the prior session.

On the news front, the gold sector staged a broad-based rebound following a steep monthly decline of approximately 12.4% that pushed spot gold below the $4,000 level. Goldman Sachs maintained its year-end gold price target of $4,900/oz, citing structural central bank buying and long-term fiscal concerns as enduring bullish factors. The prior session saw Barrick fall 3.06% after UBS cut its target price from $54 to $50 while maintaining a Buy rating.

Within the Gold sector, the overall sector strengthened. Among individual stocks, Newmont Mining up 0.96%, Agnico Eagle Mines up 2.0%, Coeur Mining up 2.33%, AngloGold Ashanti up 1.92%, Gold Fields up 2.52%. Barrick reported Q1 adjusted EPS of $0.98, up 180% year-over-year, and announced a $3 billion share buyback program.

(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.)