Barrick Gold CEO Change: Re-Rating Case Builds

Barrick Gold Corp. (B) scored 70 out of 100 on AlphaScala's Alpha Score, the highest among the three largest North American gold miners. Newmont (NEM) scored 59 and Agnico Eagle (AEM) 60. The Moderate label indicates balanced risk-reward over the next 12 months, according to AlphaScala's methodology.

The CEO change earlier this year installed a new management team focused on operational efficiency and capital discipline. In a recent Seeking Alpha analysis, a contributor argued that the shift could support a long-term re-rating. Barrick's shares trade at a discount to net asset value relative to peers. The analysis said that discount could narrow if the new strategy improves operational efficiency and capital returns.

Gold price volatility and cost inflation are risks. The company's Q2 production report, due in July, will provide the next update on operations and guidance.