Movement Alert|Barrick Mining Corporation Falls 4.87% in Regular Trading, Gold Price Plunges Over $140 Dragging Down Mining Sector

Market Focus
Sep 28

On September 28, Barrick Mining Corporation fell 4.87% in regular trading, trading at $40.79/share, with turnover of $33.56 million. The decline came as international gold prices plunged over $140 in a single day, breaking below the $4,200/oz level and touching lows beneath $4,150, a drop exceeding 3%.

The sharp selloff in gold triggered broad-based losses across U.S.-listed gold miners. Within the Gold sector, Gold Fields fell 13.22%, AngloGold Ashanti fell 6.62%, Agnico Eagle Mines fell 6.01%, Coeur Mining fell 5.80%, and Newmont Mining fell 5.11%. Market attention now turns to the August PCE price index and September non-farm payrolls data for guidance on the Federal Reserve's rate path.

On the fundamental side, multiple investment banks have recently raised price targets on Barrick Mining Corporation, with RBC lifting its target to $53 while maintaining an Outperform rating, and the analyst consensus target stands at $57.48. The company is also reportedly considering pushing back its North American gold business IPO to next year.

(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.)

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