Barrick Gold Considers Strategic Spin-Off Amid Activist Pressure

The Canadian mining giant Barrick Gold is executing a bold strategic shift, confirming plans to potentially list a portion of its most valuable North American assets. This move comes after sustained pressure from activist investors and has ignited significant optimism in the market, raising questions about whether this could be a precursor to an even larger industry transaction.

Investor reaction was decisively positive. Barrick’s shares surged 4.4% in pre-market trading to reach $43.15, marking a 13-year high. Financial institution UBS promptly raised its price target on the stock from $39 to $47, reiterating its buy recommendation. This rally underscores a broader confidence, with the equity having gained 145% year-over-year and holding a consensus “Strong Buy” Read more...