Barrick Gold (B) Excels as Activist Elliott Invests in Breakup Strategy
Written by Emily J. Thompson, Senior Investment Analyst
Source: TipRanks
Elliott Investment Management's Stake: Activist investor Elliott Investment Management has acquired a significant stake in Barrick Gold, making it one of the company's top ten investors with a holding of at least C$700 million, motivated by potential restructuring plans.
Barrick's Business Restructuring: There are discussions within Barrick about splitting the company into two entities to separate its higher-growth North American assets from riskier operations in Asia and Africa, following CEO Mark Bristow's recent resignation.
Stock Performance and Market Context: Barrick's shares have surged over 130% this year due to rising gold prices, although its performance lags behind other mining stocks like Kinross Gold and Sibanye Stillwater over longer periods.
Analyst Ratings and Future Outlook: Barrick has a Strong Buy consensus rating on TipRanks, with a price target of $41.83, suggesting a potential upside of 13.18%, as investors hope the restructuring will mitigate political risks associated with its African operations.
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Analyst Views on PEP
Wall Street analysts forecast PEP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PEP is 161.90 USD with a low forecast of 144.00 USD and a high forecast of 172.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
6 Buy
6 Hold
0 Sell
Moderate Buy
Current: 148.500
Low
144.00
Averages
161.90
High
172.00
Current: 148.500
Low
144.00
Averages
161.90
High
172.00
About PEP
PepsiCo, Inc. is a global beverage and convenient food company. The Company’s segments include PepsiCo Foods North America (PFNA), PepsiCo Beverages North America (PBNA), International Beverages Franchise (IB Franchise), Europe, Middle East and Africa (EMEA), Latin America Foods (LatAm Foods), and Asia Pacific Foods. PFNA segment includes all of its convenient food businesses in the United States and Canada. PBNA segment includes all of its beverage businesses in the United States and Canada. IB Franchise segment includes its international franchise beverage businesses, as well as its SodaStream business. EMEA segment includes its convenient food businesses and beverage businesses with Company-owned bottlers in Europe, the Middle East and Africa. LatAm Foods segment includes all of its convenient food businesses in Latin America. Asia Pacific Foods segment consists of its convenient food businesses in Asia Pacific, including China, Australia and New Zealand, as well as India.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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