1. Elliott holds a position in Barrick and seeks separation of North American assets. 2. Barrick's stock has doubled, yet it trades at a 0.9 price-to-net asset ratio. 3. Interim CEO Mark Hill is a significant factor amid ongoing activist engagement. 4. Separation could close valuation gaps with peers and unlock 49% unrealized value. 5. Gold prices have surged over 70% this past year, benefiting Barrick's stock.
FAQ
Why Bullish?
Elliott’s involvement often leads to value creation; historical examples include successful breakups enhancing stock value.
How important is it?
Elliott's advocacy for strategic changes historically enhances shareholder value; current asset management is pivotal for Barrick.
Why Long Term?
Potential separation of assets and strategic management decisions will take time to impact stock valuation.