Movement Alert|Barrick Mining Corporation Rises 3.03% in Regular Trading, Fed Rate Hike Lands as Gold Rebounds and RBC Lifts Target Price

Market Focus
09/17

On September 17, Barrick Mining Corporation rose 3.03% in regular trading, trading at $43.29 per share, with turnover of $30.34 million. The stock opened at $42.575 and traded as high as $43.90 during the session.

On the news front, the Federal Reserve announced a 25-basis-point rate hike early on September 17, raising the federal funds rate target range to 3.75%–4.00%. Markets had already largely priced in the move — CME FedWatch data previously showed a 71.3% probability of the hike — and a classic \"sell the rumor, buy the news\" effect emerged once the decision landed. Spot gold promptly rebounded above $4,300 per ounce, lifting gold mining stocks broadly. Within the Gold sector, Coeur Mining rose 3.19%, Agnico Eagle Mines gained 1.95%, AngloGold Ashanti added 1.95%, Wheaton Precious Metals climbed 1.86%, and Newmont Mining advanced 1.56%.

Separately, Royal Bank of Canada raised its price target on Barrick Mining Corporation to $53 from $49, maintaining an Outperform rating. The analyst consensus mean target stands at $57.48, implying significant upside from the current level, further bolstering market sentiment toward the stock.

(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.)

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10