Barrick Mining Shares Rise After New Buy Rating and Gold Price Recovery
Barrick Mining Corporation (NYSE:B) shares rose by 1.2% in pre-market trading to $43.06 following a new 'Buy' rating from an unidentified analyst, alongside gold prices recovering above $4,300 per ounce. The stock remains within its reported 52-week range of $29.08 to $54.69. Bernstein lowered its price target for Barrick to $56.50 from a previous estimate of $61, though the revised target is still above the current share price. The company also saw second-quarter 2026 net earnings increase by approximately 50% compared with the same period in the prior year. The gold recovery followed the Federal Reserve's first rate hike in three years to a range of 3.75%-4%, which eased some inflation concerns and supported precious metals markets.
Tickers: $B
Topics: analyst rating earnings report gold prices