Barrick Gold’s 150% Surge Stumbles Before Christmas—What’s Next for the Stock?
Barrick Gold, one of the world’s largest gold producers, has seen its stock price soar this year. The shares now trade at €38.72—149% higher than at the start of 2025. Yet, despite record gold prices, the stock dipped slightly before Christmas, reflecting broader stock market trends in the mining sector.
On the Wednesday before Christmas, gold prices hit fresh all-time highs. However, Barrick’s stock slipped into negative territory, mirroring a wider 'sell the news' pattern. Competitors like Agnico Eagle also faced intraday declines, suggesting the weakness was not isolated to Barrick.
The pullback left the stock oversold, with its relative strength index (RSI) dropping to 28.4. Thin holiday trading volumes worsened the downward pressure on mining shares. Investors now watch closely to see how the stock behaves once normal stock market activity resumes in the new year. Barrick has benefited from sustained high precious metal prices, boosting cash flow and supporting an attractive dividend policy. This strength has drawn significant interest from institutional investors. CIBC Asset Management, AXA S.A., and Gamco Investors recently built new positions worth around $91.76 million, $23.22 million, and $2.12 million, respectively. Drummond Knight Asset Management also holds a $39.5 million stake, signalling long-term confidence in the company. Heading into the Christmas break, Barrick’s stock sits near its 52-week high. The question remains whether the recent dip marks a temporary correction or a shift in momentum for the final trading days of 2025.
Barrick Gold remains a key choice for investors seeking gold exposure, with its stock up nearly 150% this year. The recent decline, driven by thin holiday trading and a broader sector dip, has left the shares oversold. Market participants will now assess whether the stock regains strength once trading volumes return to normal in early 2026.
