On July 2, Barrick Mining rose 3.7% in pre-market trading, trading at 37.86 USD/share, with turnover of $3.89 million. The gold sector strengthened collectively for the second consecutive trading day, with peers Coeur Mining up 4.71%, Newmont Mining up 3.56%, and AngloGold Ashanti up 3.6%.

On the news front, the World Gold Council's survey revealed that 89% of central bank reserve managers expect global central bank gold reserves to continue increasing over the next 12 months, with 45% planning to add holdings within the year. This data has fueled market expectations of an oversold rebound in gold prices, driving broad-based recovery across mining stocks.

From a fundamental perspective, Barrick reported Q1 adjusted earnings of $0.98 per share, up 180% year-over-year and well above the $0.81 consensus estimate, with revenue of $5.22 billion versus expectations of $4.83 billion. The company has also announced a $3 billion share buyback program. Analysts maintain a broadly positive outlook, with a mean price target of $56.72 despite recent target reductions from UBS ($50) and RBC ($51).

(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.)