Bollinger Bands Narrowing and Bearish Marubozu on Bloomberg's 15-Minute Chart

A review of the 15-minute chart for B revealed Bollinger Bands narrowing and a bearish Marubozu formation on September 24, 2025 at 13:45. This indicates a decrease in the magnitude of stock price fluctuations, with sellers dominating the market. As a result, it is likely that the bearish momentum will continue.

Barrick Gold (NYSE:B) has seen a significant rally in its stock price, reaching a multi-year high on Monday, September 24, 2025. The company's stock gained 7.1% during the trading session, with analysts attributing the surge to the miner's recent preliminary assessment of its Fourmile project in Nevada. The assessment revealed the potential for as much as 750,000 ounces of gold production per year, which has been hailed as one of the century's greatest gold discoveries Barrick rallies to multiyear highs as analysts cite Nevada exploration opportunity^[1].

Barrick's President and CEO, Mark Bristow, provided an initial look at the operational parameters for the Fourmile project. The project is expected to have a mine life of over 25 years, with average annual gold production ranging from 600,000 to 750,000 ounces. The cost profile for the project includes cost of sales at $850-$900 per ounce and life of mine all-in sustaining costs at $650-$750 per ounce. The total project capital is estimated to be $1.5-$1.7 billion Barrick rallies to multiyear highs as analysts cite Nevada exploration opportunity^[1].

Analysts have responded positively to the news. CIBC analyst Anita Soni raised her price target on Barrick's stock to $30 from $22 and affirmed her Outperform rating. TD Cowen's Steven Green called the project a "game changer," believing Barrick's stock still has significant room to catch up on valuation given its underperformance in recent years. He raised his stock price target to $38 from $30 while maintaining a Buy rating. Stifel analyst Ralph Profiti forecast the project's value at more than $10 billion, while BMO Capital's Matthew Murphy estimated the project's value at $9.2 billion Barrick rallies to multiyear highs as analysts cite Nevada exploration opportunity^[1].

The surge in Barrick's stock price comes at a time when gold prices have been surging, hitting another fresh record high on Monday. This increased attention on gold finds is likely contributing to the positive sentiment surrounding Barrick's stock.