Barrick Surges to 240th Trading Rank on $0.4 Billion Volume as Stock Slumps 1.20% Amid $1 Billion Mali Charge and Bullish Copper Outlook

On August 19, 2025, Barrick (B) traded with a volume of $0.4 billion, a 50.4% surge from the previous day, ranking 240th in trading activity. The stock closed 1.20% lower, reflecting mixed market dynamics.

Recent developments highlight a $1 billion non-cash charge linked to operations in Mali, impacting quarterly results. Despite this, Barrick announced a 50% dividend increase to $0.15 per share in July, signaling confidence in its cash flow. Analysts from Scotiabank and CIBC maintained or raised price targets to $26.00 and $28.00, respectively, reflecting optimism about long-term growth potential.

Operational updates include a $400 million joint investment with Shandong Gold to expand Argentina’s Veladero mine, aiming to boost production. A $50 million deal to sell Chile’s Alturas gold project added liquidity. CEO Mark Bristow emphasized a bullish outlook for copper amid U.S. tariff uncertainties, while reaffirming gold’s strong positioning despite macroeconomic risks.

The strategy of buying the top 500 stocks by daily volume and holding for one day yielded a total profit of $2,940 from December 2022 to August 2025. However, it experienced a maximum drawdown of $-1,960, indicating a 19.6% peak-to-trough decline during the period.