Barrick Gold’s Strategic Shift Gains Wall Street Approval

A potential major corporate overhaul at Barrick Gold is being met with significant enthusiasm from financial analysts. The mining giant’s consideration of spinning off its North American gold operations into a separate publicly traded entity has triggered a wave of positive commentary from investment firms this week. Market experts perceive clear value-creation opportunities in the proposed split, a strategic move that appears influenced by pressure from activist investor Elliott Management.

Barrick’s share price performance reflects the growing market optimism, having surged more than 126 percent since the start of the year. Despite this substantial rally, fundamental metrics suggest the stock may not yet be overvalued. Currently trading at a price-to-earnings (P/E) Read more...