|Bid||12.910 x 21500|
|Ask||12.920 x 3200|
|Day's Range||12.870 - 13.070|
|52 Week Range||11.070 - 18.350|
|PE Ratio (TTM)||16.44|
|Forward Dividend & Yield||0.12 (0.93%)|
|1y Target Est||15.58|
Jun.14 -- Steve Sosnick, Interactive Brokers chief options strategist, discusses his options strategy with Bloomberg's Julie Hyman on "Bloomberg Markets."
Talks with Tanzania to resolve a dispute over Acacia Mining’s operations in the country have been “constructive” and final agreements have been drafted, the gold miner’s largest shareholder said. “Discussions between the government of Tanzania and Barrick are constructive,” Barrick said. Acacia said in a separate statement that any agreement would be subject to review by the independent committee of its board.
Barrick Gold Corporation (ABX) (ABX.TO) (“Barrick” or the “Company”) today provided an update on ongoing discussions with the Government of Tanzania concerning the proposed framework for Acacia Mining plc's (“Acacia”) operations in Tanzania. Discussions between the Government of Tanzania and Barrick are constructive. In order to allow the process to continue in an orderly manner and without an arbitrary deadline, Barrick is not providing a timetable for the completion of the discussions at this time.
Barrick Gold Corporation (TSX:ABX) is trading with a trailing P/E of 16.2x, which is higher than the industry average of 11.2x. Although some investors may jump to the conclusion thatRead More...
According to the consensus compiled by Thomson Reuters, 22 analysts are currently covering Barrick Gold (ABX), of which only 18% have recommended “buys” on the stock. This is the lowest percentage of “buy” recommendations among senior miner stocks (GDX). Meanwhile, 68% of analysts have recommended “holds” on Barrick, and 14% have recommended “sells.” Its target price of $15.8 implies an upside of 19.3% based on its current market price.
At its June meeting, the U.S. Federal Reserve once again raised the federal-funds target rate by 25 basis points, to 1.75%-2%. In addition, the majority of officials at the central bank now expect four rate hikes in 2018, whereas at the March meeting they were evenly split between three and four hikes. The market also appears largely unfazed by an additional rate hike this year, as gold prices remained largely flat.
Steve Sosnick, Interactive Brokers chief options strategist, discusses his options strategy with Bloomberg's Julie Hyman on "Bloomberg Markets." (Source: Bloomberg)
Mean reversion can be a powerful trading tool, particularly with pair trades. One Wall Street analyst said it’s still too early to expect a mean reversion bump in underperforming Barrick Gold Corp (USA) ...
Gold prices haven't done much this year, but gold stocks have diverged quite a bit, with Barrick Gold (ABX) down some 9% since the start of 2018, while Newmont Mining (NEM) is up more than 3%. Given the stocks' relative performance, some investors may be tempted to scoop up Barrick, on the belief that it's gotten too cheap--but they should resist temptation, says Morgan Stanley's Piyush Sood. Sood argues that Barrick's underperformance looks set to continue through the rest of the year, and ahead of the company's final agreement with the government of Tanzania, he downgraded the shares to Underweight, and shaved $2 off his price target, to $12.
Today, WallStEquities.com takes a close look at the Gold space, which is engaged in the exploration and production of gold from mines. Gold companies are generally structured as corporations and have profits that are positively correlated with the price of gold. Lined up for review this morning are four stocks: Alamos Gold Inc. (NYSE: AGI), AngloGold Ashanti Ltd (NYSE: AU), B2Gold Corp. (NYSE AMER: BTG), and Barrick Gold Corp. (NYSE: ABX).
Once again, gold stocks are struggling. The VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) and the VanEck Vectors Junior Gold Miners ETF (NYSEARCA:GDJX) both have dropped about 13% from January highs. Both ETFs are down YTD as well — with performance lagging the S&P 500.
Barrick Gold Corporation (ABX)(ABX.TO) (“Barrick” or the “Company”) has published its annual Sustainability Report, which provides a detailed and transparent look at the Company’s environmental and social performance over the past year. “At Barrick, our sustainability strategy emphasizes partnerships with host governments and communities, to transform their natural resources into sustainable benefits and mutual prosperity,” said Peter Sinclair, Chief Sustainability Officer. “Doing so helps us gain local trust and confidence, leave a positive legacy, keep our operations running smoothly, and protect our ability to grow.
LONDON, UK / ACCESSWIRE / June 5, 2018 / Active-Investors free stock reports for this morning include these Toronto Exchanges' equities from the Metals & Mining industry: Barrick Gold, B2Gold, Goldcorp, and HudBay Minerals. The TSX Venture Exchange shaved off 4.18 points, or 0.55%, to finish at 761.76. Today's stocks of interest consist of: Barrick Gold Corporation (TSX: ABX), B2Gold Corporation (TSX: BTO), Goldcorp Inc. (TSX: G), and HudBay Minerals Inc. (TSX: HBM).
In the previous part of this series, we looked at Wall Street analysts’ ratings for gold mining companies. In this part, we’ll look at analysts’ estimates for those companies’ (GDX) (JNUG) revenues going forward. These forecasts can be valuable when it comes to assessing analysts’ views on gold prices (GLD).
NEW YORK, June 04, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Momo ...
Tanzania will issue large-scale mining licences only after cabinet approval, a senior official said on Friday, part of new measures aimed at further tightening control of the industry. Tanzania, Africa's fourth-largest gold producer, is seeking a bigger return from its vast mineral resources by overhauling the fiscal and regulatory regime of its mining sector. "The whole government, through the cabinet, will now be involved in approving licences for large-scale mining companies to make sure that national interests are safeguarded," Minister of Justice and Constitutional Affairs Palamagamba Kabudi told members of parliament.
FCF (free cash flow) generation is important for gold mining companies (SGDM) (GDX). This excess cash helps miners optimize their financial leverages, invest in projects that can drive long-term value, and provide shareholder returns.
Up to a point, companies try to optimize their debt-to-equity mixes. In fact, it isn’t always negative to carry debt if a company can repay it through earnings. We can gauge this repayment capacity for miners using certain ratios.
Which Gold Miners Could Show Upside Potential after Q1 2018? One way to assess a company’s liquidity is to calculate its current ratio. Newmont Mining (NEM) and Kinross Gold (KGC) are doing the best among senior miners with ratios of 4.2x and 4.1x, respectively.
Which Gold Miners Could Show Upside Potential after Q1 2018? As precious metal prices started weakening, investors shifted their focus from high-leverage miners (GDX) (GDXJ) to low-leverage miners with sound growth plans, leading miners to trim their balance sheets. Newmont Mining’s (NEM) net debt at the end of the first quarter was ~$1 billion compared to $1.9 billion at the end of 2016.
Which Gold Miners Could Show Upside Potential after Q1 2018? Since high debt levels can strain a company’s credit rating and growth decisions, it’s important to look at its financial leverage. Barrick Gold (ABX) and Newmont Mining (NEM) were once considered the companies with the highest financial leverage ratios.