On July 8, Barrick Mining fell 3.11% in regular trading, trading at $35.68/share, with turnover of $63.30 million. The decline was driven by a strengthening U.S. dollar that continued to pressure precious metals prices, with spot gold losing the $4,000/oz level, putting broad pressure on the mining sector.

Adding to the selling pressure, UBS recently cut its price target on Barrick Mining from $54 to $50 while maintaining a Buy rating, and Royal Bank of Canada slashed its target from $62 to $51, keeping an Outperform rating. The consensus among analysts polled by FactSet shows an average overweight rating with a mean target of $56.72. The intensive downward revisions have intensified market selling pressure on the stock.

Within the Gold sector, the overall sector declined broadly. Among individual stocks, Agnico Eagle Mines down 3.92%, Coeur Mining down 3.80%, Kinross down 3.06%, Pan American Silver down 2.65%, Newmont Mining down 1.89%.

(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.)