Barrick Shares Surge as Gold Market Momentum Builds

Barrick Gold has emerged as one of 2025's standout performers, with its stock delivering extraordinary gains exceeding 105% since the year began. This remarkable ascent reflects both company-specific strengths and powerful tailwinds driving the entire gold sector.

The environment for gold producers has become exceptionally supportive. Persistent inflationary pressures, potential Federal Reserve policy shifts, and ongoing geopolitical uncertainties have collectively driven substantial investor interest toward precious metals. Central banks demonstrated this trend clearly by acquiring a massive 415 tons of gold during the first half of 2025 alone. These macroeconomic factors have propelled gold prices to levels that significantly enhance Barrick's profitability, with market experts anticipating substantial earnings growth at current price levels.

Should investors sell immediately? Or is it worth buying Barrick?

Analyst Optimism Reaches New Highs

Financial institutions have responded to Barrick's strong performance with increasingly bullish assessments. Cormark established a price target of C$45.00, while Canaccord Genuity projected even greater potential with a C$57.00 target. In a notable adjustment, Scotiabank raised its 2025 earnings per share forecast from $2.92 to $3.35, representing an upward revision of nearly 15%. These revised projections indicate growing confidence in the mining giant's earnings capacity.

Technical Indicators Support Bullish Outlook

Barrick's technical chart patterns reinforce the positive fundamental story. The equity has advanced an impressive 53.5% over just the past 90 trading sessions. The stock's 50-day moving average of C$43.37 maintains a clear position above its 200-day average of C$33.62, forming a classic bullish signal that technical analysts interpret as favorable. With a market capitalization reaching approximately C$78.94 billion, Barrick has solidified its status as a heavyweight within the mining sector.