Barrick Mining (B) Rallies 5.26% as Gold Prices Surge, Operational Gains and Earnings Drive Momentum

Barrick Mining (B) surged 4.33% in intraday trading, marking a 5.26% rally over five consecutive sessions as the stock climbed to its highest level since September 2025. The recent momentum reflects a confluence of technical strength, favorable gold prices, and strategic operational improvements, positioning the miner as a standout performer in the sector.

Gold prices, which have surged 35% since early 2025, underpinned Barrick’s gains, directly boosting revenue and profitability. The company reported a 47% year-over-year increase in adjusted net earnings per share for Q2 2025, its strongest quarterly performance since 2013. Operational efficiency also played a role, with a 5% reduction in all-in sustaining costs and a 34% quarter-over-quarter rise in copper production. Barrick’s expansion into copper, including the development of the Reko Diq project in Pakistan, aligns with growing demand for energy transition metals, diversifying its revenue streams.

Technical indicators reinforced the bullish trend. A golden cross formed as the 50-day moving average crossed above the 200-day line, while the MACD histogram expanded in positive territory, signaling sustained momentum. Despite an overbought RSI (72), the absence of bearish divergence suggested the uptrend could persist. Key Fibonacci levels at $26.66 and $26.16 provided additional support, aligning with the stock’s trajectory.

Valuation metrics further justified the rally, with Barrick trading at a forward P/E of 10x—well below the industry average of 24x. Share repurchases totaling $410 million in H1 2025 underscored management’s confidence, while strong cash flow supported consistent shareholder returns. However, overbought conditions and a recent decline in trading volume relative to earlier breakout periods highlighted caution for potential consolidation ahead.

Market sentiment remains skewed toward gold miners, with Barrick leading a sector-wide rally driven by safe-haven demand and inflationary pressures. Analysts emphasized the company’s strategic positioning in both gold and copper markets, though risks such as a pullback below $26.16 or diverging volume trends could test the sustainability of the current momentum.