Hmy stock price forecast brokerage revisions on HMY stock price

Brokerage revisions on HMY stock price forecast show two major firms upgrading to “Buy” amid strong sector tailwinds and favorable macro conditions for precious metal producers. Barrick Gold Corporation is one of the world's leading gold mining companies, headquartered in Toronto, Canada. Founded in 1983, Barrick operates mines and projects across North America, South America, Africa, and the Middle East. The company is known for its extensive gold reserves, efficient production processes, and commitment to sustainable mining practices. The stock market has struggled badly over the past month, with the broad market S&P 500 (SPX) falling an unsightly 11.8% over the past 30 days and the tech-centric NASDAQ (NDX) faring even worse, shedding 14% over the same time frame. Investors are struggling to accept the Trump administration’s rollout of tariffs, which were higher and more wide-reaching than the worst-case scenarios had forecasted. HMY stock price forecast gains strength from supply constraints in gold mining. Exploration delays across competitors in West Africa may channel more investment flow towards established producers like Harmony.