Barrick Mining Surges 7.35% to 13-Year High Amid Gold Rally and Analyst Upgrades – What’s Fueling the Momentum?

Summary
• Barrick Mining (B) rockets 7.35% intraday to $35.415, hitting its 52-week high of $35.68.
• Analysts upgrade price targets, citing the Fourmile gold project’s potential to produce 750,000 oz. annually.
• Gold prices surge to record highs post-Fed rate cut, driving mining stocks higher.

Barrick Mining’s historic rally has captured market attention as the stock surges to a 13-year high, fueled by a confluence of factors: a groundbreaking gold discovery in Nevada, a favorable macroeconomic backdrop, and analyst optimism. With gold prices at record levels and the Fourmile project poised to redefine the company’s narrative, investors are scrambling to assess whether this momentum is sustainable.

Gold’s Record High and Fourmile Project Ignite Barrick’s Bull Run
Barrick’s 7.35% intraday surge is directly tied to two catalysts: the Federal Reserve’s 25-basis-point rate cut, which lifted gold to $3,707.40 (a record high), and the Fourmile project’s potential to become the largest gold discovery of the century. The Fed’s easing cycle has reduced the opportunity cost of holding non-yielding assets like gold, while Barrick’s technical upgrade in Nevada—projected to yield 750,000 oz. annually—has repositioned the stock as a high-conviction play. Analysts from TD Cowen, Stifel, and BMO have raised price targets to $38–$39, emphasizing the project’s $9–$10 billion valuation potential and Barrick’s undervaluation relative to peers.

Gold Sector Soars as Fed Easing Fuels Bullion Rally – Barrick Leads Charge
The gold sector is in sync with Barrick’s rally, with sector leader Newmont (NEM) up 1.72% intraday. The VanEck Gold Miners ETF (GDX) has also benefited from the Fed’s dovish pivot, as gold’s 43% year-to-date gain has driven inflows into mining equities. Barrick’s outperformance stems from its unique catalyst—the Fourmile project—which analysts argue positions it to outpace peers in both production growth and valuation re-rating.

Capitalizing on Barrick’s Momentum: ETFs and Options for the Bullish Play
• Technical Indicators:
- 30D MA: $26.82 (well below current price)
- RSI: 91.62 (overbought territory)
- MACD: 1.75 (bullish divergence from signal line)
- Bollinger Bands: Price at $35.415, far above upper band of $31.71

Barrick’s chart is in a short-term bullish trend, with the 52-week high at $35.68 acting as a critical resistance level. The RSI’s overbought reading suggests caution, but the MACD’s positive divergence and the stock’s break above Bollinger Bands indicate strong momentum. Traders should monitor the $34.50–$35.00 range for potential pullbacks before the $35.68 target.

Top Options Picks:
• B20250926C34.5 (Call Option):
- Strike: $34.50 | Expiry: 2025-09-26 | IV: 46.66% | Delta: 0.695 | Theta: -0.193 | Gamma: 0.181 | Turnover: 147,017
- IV (Implied Volatility): High, reflecting strong market expectations.
- Delta: Moderate sensitivity to price moves.
- Theta: Aggressive time decay, ideal for short-term plays.
- Gamma: High sensitivity to price changes, amplifying gains if the stock continues higher.
- Payoff at 5% Upside: $35.415 1.05 = $37.186 → max(0, $37.186 - $34.50) = $2.686 per share.
- This option offers a leveraged bet on Barrick’s near-term rally, with high gamma and theta making it ideal for a 5-day holding period.

• B20250926C34 (Call Option):
- Strike: $34.00 | Expiry: 2025-09-26 | IV: 31.70% | Delta: 0.869 | Theta: -0.186 | Gamma: 0.161 | Turnover: 98,465
- IV: Lower than the $34.50 strike, offering a cheaper entry point.
- Delta: High sensitivity, ideal for a breakout play.
- Theta: Significant time decay, but the lower strike price reduces cost.
- Gamma: Moderate, balancing risk and reward.
- Payoff at 5% Upside: $35.415 1.05 = $37.186 → max(0, $37.186 - $34.00) = $3.186 per share.
- This option provides a more affordable leveraged play, with a higher delta ensuring strong participation in a breakout above $34.50.

Trading Setup: Aggressive bulls should prioritize the B20250926C34.5 for its high gamma and theta, while the B20250926C34 offers a cost-effective alternative. Both contracts benefit from Barrick’s proximity to its 52-week high and the sector’s tailwinds. A breakdown below $34.05 (intraday low) would invalidate the bullish case, but the current technical setup favors a continuation above $35.68.

Backtest Barrick Mining Stock Performance
It looks like the system hit an internal error while trying to evaluate the “7 %-surge” event study:• No valid dates were ultimately fed into the engine, so the event-return list ended up empty, which caused a divide-by-zero failure. • The error log also shows a NameError in the underlying code (“Dict is not defined”), suggesting an edge-case bug when it receives an empty event list.Possible reasons1. Ticker symbol “B” may not correspond to the expected exchange/asset in our data feed, so the 2022-2025 price file was effectively empty. 2. Even if the ticker is correct, there may not have been any ≥ 7 % intraday gains for that stock since 2022.Next steps (choose one)A. Confirm / correct the ticker • For example, NYSE “BRK.B” (Berkshire Hathaway Class B) or NASDAQ “BKSY” (BlackSky) must be referred to by their full symbol.B. Adjust the event definition • Reduce the threshold (e.g., 5 %) or widen the date range to include earlier years.C. Supply a manual list of surge dates if you already know them.Let me know which approach you’d like so I can rerun the back-test without hitting that error.

Barrick’s 13-Year High: A Catalyst-Driven Rally with Clear Path to $38
Barrick’s 7.35% surge is a textbook example of a catalyst-driven rally, with the Fourmile project and Fed easing creating a perfect storm for the stock. While the RSI’s overbought reading suggests short-term volatility, the MACD’s bullish divergence and the stock’s break above Bollinger Bands indicate the move is far from over. Analysts’ upgraded price targets (up to $38) and the sector’s strength—led by Newmont’s 1.72% gain—reinforce the case for holding long positions. Investors should watch the $35.68 52-week high as a key inflection point: a close above this level would validate the next leg higher, while a pullback to $34.00 offers a re-entry opportunity. Action: Buy the B20250926C34.5 call option for a leveraged play on the $35.68–$38 target.