ABX.TO - Barrick Gold Corporation
| Previous Close | 16.89 |
| Open | 16.85 |
| Bid | 16.79 x 0 |
| Ask | 16.79 x 0 |
| Day's Range | 16.57 - 16.87 |
| 52 Week Range | 14.26 - 26.01 |
| Volume | 2,527,301 |
| Avg. Volume | 2,996,125 |
| Market Cap | 19.557B |
| Beta | 1.17 |
| PE Ratio (TTM) | 13.63 |
| EPS (TTM) | 1.23 |
| Earnings Date | Apr 23, 2018 |
| Forward Dividend & Yield | 0.16 (0.96%) |
| Ex-Dividend Date | 2018-02-27 |
| 1y Target Est | 17.08 |
- Market Realist•28 minutes ago
Which Gold Miners Could See Valuation Upside after 1Q18 Earnings?
Among the senior mining companies under review in this series (GDX), Agnico Eagle Mines (AEM) is trading at the highest EV-to-forward EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiple, of 11.5x. As you can see in the graph below, AEM’s EBITDA margin is quite high. The company offers strong production growth, which is supported by a strong project pipeline.
- Market Realist•23 hours ago
Will US Sanctions on Russia Keep Haunting Kinross Gold in 2018?
After significantly outperforming peers in 2017, Kinross Gold (KGC) has underperformed this year. Until As of 17, Kinross’s stock had given a negative return of 9.7%—the same as Barrick Gold (ABX). Kinross’s 4Q17 results came in below expectations.
Market Realist•yesterdayCould Goldcorp’s Strong Vision Keep Its Stock Buoyant after 1Q18?
After underperforming its peers in 2017, Goldcorp’s (GG) stock has outperformed YTD (year-to-date). It’s also one of the few major gold stocks to have recorded a positive return YTD performance of 12.5% as of April 17. In comparison, the VanEck Vectors Gold Miners ETF (GDX) has fallen 1.5% while the iShares Gold Trust (GLD) has gained 3.0%. Peers Barrick Gold (ABX), Kinross Gold (KGC), and Agnico Eagle Mines (AEM) have fallen.
Market Realist•2 days agoOutlook: Newmont Mining’s Stock Momentum after 1Q18 Results
Newmont Mining (NEM) is one of the very few gold mining stocks to have given a positive return year-to-date. As of April 17, it has returned 10.9%, compared to a loss of 1.5% for the VanEck Vectors Gold Miners ETF (GDX). Its strong project pipeline is the major driver behind its consistent-to-increasing production profile.
- Market Realist•2 days ago
What to Watch for on Barrick Gold’s 1Q18 Earnings Call
Barrick Gold (ABX) generated negative returns amounting to 9.7% year-to-date (or YTD) as of April 17. The stock has significantly underperformed its close peers Goldcorp (GG), Newmont Mining (NEM), and Agnico Eagle Mines (AEM), which returned 12.5%, 10.9%, and -1.9%, respectively. The VanEck Vectors Gold Miners ETF (GDX) returned -1.5%.
- Simply Wall St.•3 days ago
With 119.54% Earnings Growth, Did Barrick Gold Corporation (TSE:ABX) Outperform The Industry?
Examining Barrick Gold Corporation’s (TSX:ABX) past track record of performance is an insightful exercise for investors. It allows us to reflect on whether or not the company has met orRead More...
- Market Realist•3 days ago
How Gold and Silver Performed amid Geopolitical Tensions
The past one month has been good for precious metals with the exception of platinum. Gold, silver, and palladium have increased a whopping 3%, 6.4%, and 4.4%, respectively, during the last 30 trading days. Platinum has dropped about 0.97% during the same timeframe.
- Market Realist•3 days ago
Could these Gold Miners Beat Earnings Estimates in 1Q18?
We discussed analysts’ revenue estimates for gold miners in the previous part of this series. In this part, we’ll discuss what analysts expect for these gold miners’ (RING) earnings.
- Market Realist•3 days ago
IMF Warns of Inflation Surprise: Could It Be Good for Gold?
The International Monetary Fund (or IMF) also warned on April 18, 2018, that the unexpected rise in US inflation could cause significant global tensions, which could force central banks to respond firmly. It added that a hike in inflation in the US could lead the Federal Reserve to raise interest rates faster than expected. The director of the IMF’s monetary and capital markets department, Tobias Adrian, said, “What we are flagging is that at some point markets see shocks in inflation that raise inflation uncertainty and when that happens, that is associated with a rise in long-term interest rates and that might lead to a tightening in financial conditions.” While he said that the uncertainty regarding US inflation is very low, markets could have an outsized reaction to any spike.
Market Realist•3 days agoAre Higher Precious Metal Prices Accounted for in Miner Revenues?
Analyst estimates for gold miners’ (GDX) revenues can give us a good idea about their outlook on gold prices (GLD) as well as companies’ production growth. In this part of our series, we’ll assess analysts’ revenue expectations for gold companies in 1Q18 and beyond. Analysts expect Barrick Gold (ABX) to generate revenues of ~$1.84 billion in 1Q18.
Market Realist•3 days agoWhy IMF Is Worried about the US’s Expanding Debt Profile
On one hand, it has increased US growth projections due to the stimulus from tax cuts. Since these tax cuts are unfunded, the IMF believes that there will be a need for severe spending cuts in the coming years. It predicts that the US debt-to-GDP (gross domestic product) ratio will expand to 116.9% by 2023, surpassing Italy’s ratio, which should narrow to 116.6% by 2023.
- Market Realist•3 days ago
How Wall Street Sees Gold Miners ahead of 1Q18 Earnings
At extreme levels, these ratings could even signal a change in direction, so it’s important for investors to track this data. In the senior and intermediate gold miner space (GDX)(GDXJ), analysts are the most bullish on Goldcorp (GG), assigning it 65% “buy” and 5% “sell” ratings.
- Market Realist•4 days ago
Why Haven’t Miners Kept Up as Gold Remains Buoyant?
Gold prices rose ~3% year-to-date (or YTD) after rising ~13% in 2017. Gold prices are affected by a number of factors, including rate hike expectations, trade war fears, the US dollar, and increasing volatility.
- Market Realist•4 days ago
How Closely Are Miners Tracking Gold?
Usually, precious-metal-mining companies follow precious metals. Precious metals have risen over the past few days, supporting mining companies.
- Reuters•4 days ago
Acacia Mining's first-quarter profit slumps after Tanzania tax row
Acacia Mining (ACAA.L) reported a near 50 percent fall in first quarter earnings on Thursday after reducing operations at its flagship gold mine in Tanzania amid a tax dispute with the government. Acacia, a unit of Canada's Barrick Gold (ABX.TO) and Tanzania's largest gold miner, said its gold production fell 45 percent in the first quarter from a year earlier to 120,981 ounces, mainly due to lower output at its flagship Bulyanhulu mine.
- Reuters•4 days ago
Acacia Mining's first-quarter profit slumps after Tanzania tax row
Acacia Mining reported a near 50 percent fall in first quarter earnings on Thursday after reducing operations at its flagship gold mine in Tanzania amid a tax dispute with the government. Acacia, a unit of Canada's Barrick Gold and Tanzania's largest gold miner, said its gold production fell 45 percent in the first quarter from a year earlier to 120,981 ounces, mainly due to lower output at its flagship Bulyanhulu mine. Acacia's London-listed shares skidded 8.8 percent to 141 pence by 0919 GMT and have now tumbled more than 70 percent since Tanzania introduced a ban on concentrate exports in March 2017.
- Reuters•4 days ago
Acacia Mining posts lower Q1 earnings, maintains FY targets
Acacia Mining on Thursday posted a fall in first quarter earnings after reducing operations at its flagship gold mine but stuck to its full-year production and costs targets. Acacia, a unit of Canada's Barrick Gold and Tanzania's largest gold miner, is caught up in a tax dispute with the government that forced it to reduce operations at its flagship mine last year. Gold production fell to 120,981 ounces, down 45 percent from the same quarter a year earlier, mainly due lower output at Bulyanhulu.
- Zacks•5 days ago
Micron, Barrick Gold, Progress Software, Appfolio and Paycom Software highlighted as Zacks Bull and Bear of the Day
Micron, Barrick Gold, Progress Software, Appfolio and Paycom Software highlighted as Zacks Bull and Bear of the Day
- Motley Fool•5 days ago
Is Gold a Safe Investment?
The answer isn't as simple as you may think if you look at the big picture gold plays in the investing world.
- Market Realist•6 days ago
Anxious Investors Pile into Gold ETFs
Gold ETF investors bought 173.4 tons of gold in 2017, 9% higher year-over-year (or YoY). In 2018 year-to-date (or YTD), the inflows in gold-backed ETFs have been strong. As of April 13, ETF holdings totaled 2,186 tons, which is 5.2% higher YoY.
Market Realist•6 days agoWhy Oil Prices Could Pull Gold Higher amid Increased Risks
On April 13, US crude oil (USO) May futures settled at $67.39 per barrel—the highest closing level for US crude oil active futures in more than three years. Oil prices have been climbing lately due to geopolitical tensions, which have increased worries of disruptions to supply, especially in the Middle East. New sanctions on Russia could further lift oil prices.
- Market Realist•7 days ago
How Geopolitical Tensions Could Affect Safe-Haven Assets
Geopolitical risk has been one of the major drivers for equity markets and commodities lately. In the latest development, the US, France, and the United Kingdom launched military strikes on Syria over the weekend. Since the strikes were surgical and the pullback was prompt, risk assets haven’t seen much impact from the strikes yet. However, another round of strikes or Russian retaliation could put the markets in risk-off mode.
- Motley Fool•9 days ago
What Investors Need to Know About Goldcorp Stock
While the stock of this gold mining giant has certainly had its ups and downs over the years, the future looks much brighter than the recent past.
- Reuters•10 days ago
CANADA STOCKS-TSX flat as financials offset gains in materials, energy
Canada's main stock index was little changed on Friday as gains in mining and energy companies were offset by declines in financial stocks. * At 9:59 a.m. ET , the Toronto Stock Exchange's S&P/TSX Composite ...
