ABX.TO - Barrick Gold Corporation

Toronto - Toronto Delayed Price. Currency in CAD
17.45
+0.28 (+1.63%)
As of 3:03PM EDT. Market open.
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Previous Close17.17
Open17.80
Bid17.42 x 0
Ask17.43 x 0
Day's Range17.31 - 17.98
52 Week Range12.54 - 20.37
Volume3,948,961
Avg. Volume3,442,847
Market Cap20.367B
Beta (3Y Monthly)0.36
PE Ratio (TTM)N/A
EPS (TTM)-0.23
Earnings DateOct 24, 2018
Forward Dividend & Yield0.16 (0.91%)
Ex-Dividend Date2018-08-30
1y Target Est13.54
  • Macquarie Downgrades Barrick Gold Corp
    GuruFocus.com2 hours ago

    Macquarie Downgrades Barrick Gold Corp

    Barrick Gold Corp. (ABX) closed 0.68% down to $13.09 per share on Monday on the heels of the news that Macquarie has downgraded the stock from outperform to neutral. A neutral rating means that Barrick Gold Corp. is predicted to move sideways in the near future. Warning! GuruFocus has detected 6 Warning Signs with ABX.

  • Barrick Favors Taking Back Control of Acacia Mining
    Bloomberg2 hours ago

    Barrick Favors Taking Back Control of Acacia Mining

    Barrick spun off those assets in 2010 into a company now called Acacia Mining Plc. That unit -- listed in London but majority owned by Barrick -- has been dogged by operational setbacks and is locked in a dispute with Tanzania’s government. Acacia shares soared as much as 11 percent in London before falling back to close up 7.7 percent. Barrick, which was up 1.6 percent as of 12:29 p.m. in Toronto, has gained 29 percent since the merger was announced.

  • GlobeNewswire3 hours ago

    Glass Lewis Recommends Barrick and Randgold Shareholders Vote in Favor of Merger Resolutions

    TORONTO, Oct. 23, 2018 -- Barrick Gold Corporation (NYSE:ABX)(TSX:ABX) (“Barrick”) today announced that Glass Lewis, a leading independent proxy advisory firm, has recommended.

  • A Look at Gold Miners’ Valuation Upsides and Downsides
    Market Realist6 hours ago

    A Look at Gold Miners’ Valuation Upsides and Downsides

    Analysts’ Views: Is It Time to Look at Gold Miners? As we discussed in Could Investors’ Rotation amid the Sell-Off Benefit Gold Miners? gold miners have started looking inexpensive compared to broader equities. The average ratio of the NYSE Arca Gold Miners Index (GDX) and the S&P 500 Index (SPY) is 0.20 compared to the ten-year average of 0.68. Among the gold mining companies under review (GDX), Agnico Eagle Mines (AEM) and Goldcorp (GG) meet most of these criteria.

  • Gold Stocks to Watch for Earnings on Oct 24: ABX, AEM, GG
    Zacks6 hours ago

    Gold Stocks to Watch for Earnings on Oct 24: ABX, AEM, GG

    Gold stocks reporting Q3 earnings on Oct 24 are unlikely to impress.

  • Why Is Yamana Gold on Many Analysts’ Wish Lists?
    Market Realistyesterday

    Why Is Yamana Gold on Many Analysts’ Wish Lists?

    Analysts’ Views: Is It Time to Look at Gold Miners? According to the consensus compiled by Thomson Reuters, 71% of analysts covering Yamana Gold (AUY) stock have recommended a “buy,” while 15% have recommended a “hold.” AUY’s target price represents an upside potential of 54% based on its current market price. Yamana’s “buy” ratings have improved to the current level of 71% from nearly 31% a year ago.

  • Why Do Analysts Love Agnico Eagle Mines?
    Market Realistyesterday

    Why Do Analysts Love Agnico Eagle Mines?

    Of the 18 analysts covering Agnico Eagle Mines (AEM), 72.0% recommended a “buy,” while the remaining 28.0% recommended a “hold.” Among its mining peers (RING)(GDX), AEM has more “buy” recommendations than Yamana Gold (AUY), Barrick Gold (ABX), Newmont Mining (NEM), and Kinross Gold (KGC), which have “buy” ratings from 71.0%, 14.0%, 58.0%, and 42.0% of the analysts covering them, respectively.

  • GlobeNewswire2 days ago

    ISS Recommends Barrick and Randgold Shareholders Vote in Favor of Merger Resolutions

    TORONTO, Oct. 21, 2018 -- Barrick Gold Corporation (NYSE:ABX)(TSX:ABX) (“Barrick”) today announced that Institutional Shareholder Services Inc. (“ISS”), a leading independent.

  • GlobeNewswire4 days ago

    Barrick Announces Favorable ISS Recommendation for Randgold Merger

    TORONTO, Oct. 19, 2018 -- Barrick Gold Corporation (NYSE:ABX)(TSX:ABX) (“Barrick”) today announced that Institutional Shareholder Services Inc. (“ISS”), a leading independent.

  • Key Factors Driving Analysts’ Estimates for Kinross Gold
    Market Realist4 days ago

    Key Factors Driving Analysts’ Estimates for Kinross Gold

    Kinross Gold (KGC) has underperformed its peers YTD (year-to-date), returning -31.5%. The VanEck Vectors Gold Miners ETF (GDX) has returned -14.5%. The SPDR Gold Trust ETF (GLD), which tracks gold’s physical price, has returned -6.4%. Geopolitical concerns have kept the pressure on KGC in 2018.

  • Reuters4 days ago

    Acacia Mining looks to force talks on Tanzania dispute

    Acacia Mining threatened to use a bilateral investment treaty to force face-to-face talks with Tanzania over a long-running tax dispute that has seen the gold miner hit with a huge tax bill. Acacia's parent Barrick Gold has been negotiating with the Tanzanian government over the issue for 19 months but no final settlement has been reached and Acacia's management stresses that it wants direct involvement in any talks.

  • Analysts Are Concerned about Kinross Gold’s Geopolitical Issues
    Market Realist4 days ago

    Analysts Are Concerned about Kinross Gold’s Geopolitical Issues

    Of the analysts covering Kinross Gold (KGC), 42.0% recommended a “buy” and 58.0% recommended a “hold.” Ratings for the stock haven’t changed much in recent months. Its target price of $4.56 suggests a potential upside of 63.0% based on its current market price.

  • Reuters4 days ago

    China's Shandong Zhaojin seeks South American mining assets

    Shandong Zhaojin Group , one of China's biggest gold miners, is scouring assets in South America as it looks to invest in its first overseas mining project, its general manager said on Friday. The company has set up a representative office in Machala, capital of Ecuador's El Oro province, historically a gold-producing region, and will use this as a base to participate in South American projects, Liu Yongsheng told Reuters on the sidelines of the China Mining conference in Tianjin.

  • Key Factors Driving Goldcorp’s Growth
    Market Realist4 days ago

    Key Factors Driving Goldcorp’s Growth

    After outperforming its peers in the first half of 2018, Goldcorp’s (GG) stock slumped. Its second-quarter earnings were also a miss on market expectations, as were its first-quarter earnings. Moreover, the overall sentiment on gold and gold stocks turned extremely negative starting April, hurting GG stock as well.

  • Reuters4 days ago

    Acacia Mining looks for new ways to unlock Tanzania dispute

    Acacia Mining (ACAA.L) could use a bilateral investment treaty to force face-to-face talks with Tanzania over a long-running tax dispute that has seen the company hit with a huge tax bill and spilled over into the courts. Acacia's parent Barrick Gold (ABX.TO) has been negotiating with the Tanzanian government on behalf of London-listed Acacia for 19 months but no final settlement has been reached. An investment treaty between Tanzania and Britain could compel the east African country to have direct dialogue with Acacia over a period of six months, interim chief executive Peter Geleta told Reuters.

  • Acacia Seeks Direct Talks With Tanzania as Dispute Escalates
    Bloomberg4 days ago

    Acacia Seeks Direct Talks With Tanzania as Dispute Escalates

    Acacia has been banned from exporting some products since March 2017, was hit with a $190 billion tax bill and this week was charged with money laundering and corruption. Key InsightsAcacia’s controlling shareholder, Barrick Gold Corp., has been handling the government negotiations until now. Acacia mines all its gold in the country and interim Chief Executive Officer Peter Geleta said he’s “deeply concerned” about increased safety risks for employees in Tanzania and the deteriorating operating environment, which could affect the outlook for the business.The company’s also considering its legal options.

  • Reuters5 days ago

    Acacia Mining threatens to invoke investment treaty in Tanzania dispute

    Acacia Mining said on Friday it would seek direct dialogue with Tanzania over a long-running tax dispute and threatened to invoke a bilateral investment treaty should a settlement not be reached. Acacia's parent Barrick Gold has been negotiating with the Tanzanian government on behalf of London-listed Acacia for 19 months but no final settlement has been reached. "We will ... be reaching out to the Government to seek the opportunity for direct dialogue regarding the ongoing disputes between the Government, the Company and the broader Acacia Group," the company said in a statement.

  • Financial Times5 days ago

    [$$] Acacia says it could benefit from Barrick-Rangold merger

    Barrick Gold’s proposed $6bn takeover of Randgold Resources, the Africa-focused gold company run by Mark Bristow, could be “hugely beneficial for Acacia Mining, according to its chief executive Peter Geleta. London-listed Acacia is embroiled in long-running dispute with the government of Tanzania that escalated this week when three of its local subsidiaries were charged with money laundering and tax evasion. Acacia, which operates three mines in Tanzania, is majority controlled by Barrick, the world’s biggest gold company by volume.

  • Positive Ratings on Goldcorp despite Weaker Operating Performance
    Market Realist5 days ago

    Positive Ratings on Goldcorp despite Weaker Operating Performance

    Analysts’ Views: Is It Time to Look at Gold Miners? Currently, 20 Wall Street analysts are tracking Goldcorp (GG) stock. About 65.0% of these analysts are recommending a “buy,” 30.0% are recommending a “hold,” and 5.0% are recommending a “sell.” Its current target price of $9.90 implies an upside potential of 65.0% based on its current market price.

  • Reuters5 days ago

    China seen sustaining recovery in global mining M&A

    A rebound in mining mergers and acquisitions is set to continue into 2019, led by companies from top metals consumer China, as a dearth of exploration spending leaves the industry in need of fresh investment, delegates told a conference on Thursday. Sector M&A in mining powerhouse Canada had its best quarter in more than seven years in July-September, spurred by Barrick Gold Corp's planned $6.5 billion acquisition of Randgold and Chinese firm Zijin Mining's C$1.86 billion ($1.43 billion) deal to buy Nevsun Resources . "We think that this year and next year will be the years of consolidation," Keith Spence, president of Canada-based Global Mining Capital Corp, told the China Mining conference in Tianjin.

  • How Do Analysts View Newmont Mining ahead of Q3 2018?
    Market Realist5 days ago

    How Do Analysts View Newmont Mining ahead of Q3 2018?

    According to Thomson Reuters, of the 19 analysts covering Newmont Mining (NEM), 58.0% recommended a “buy,” 37.0% recommended a “hold,” and 5.0% recommended a “sell.” Its target price implies an upside of 38.0% based on its current market price of $30.10. Analysts’ ratings for NEM stock haven’t changed much in the last few months.

  • Reuters6 days ago

    Zambia's finance minister says new mining taxes will not hit operations

    Mining companies operating in Zambia will still meet their operational costs even after the government imposes higher taxes in Africa's No.2 copper producer, its finance minister said on Wednesday. Zambia plans to introduce new mining duties, replace Value Added Tax with sales tax and increase royalties to help bring down mounting debt, Finance minister Margaret Mwanakatwe said while delivering the 2019 budget speech last month.

  • Why Do Analysts Expect Lower Earnings for Barrick Gold in 2018?
    Market Realist6 days ago

    Why Do Analysts Expect Lower Earnings for Barrick Gold in 2018?

    Barrick Gold (ABX) has significantly underperformed its peers in 2018. Its stock performance has, however, improved after the announcement of its merger with Randgold Resources (GOLD). Year-to-date, its stock has declined by 13.1%, which is similar to the decline seen by the VanEck Vectors Gold Miners ETF (GDX).

  • Barrick Gold (ABX) Q3 Earnings Preview: How Are Events Shaping Up?
    Zacks6 days ago

    Barrick Gold (ABX) Q3 Earnings Preview: How Are Events Shaping Up?

    Barrick Gold (ABX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Reuters6 days ago

    Acacia Mining says another employee arrested by Tanzania anti-corruption body

    Acacia Mining said on Wednesday an employee and a former employee were detained by Tanzania's anti-corruption authority, a week after the gold miner said another staffer had been released on bail after being charged with corruption. Tanzania's ant-corruption authority was quoted by local media as saying the arrests were as part of "ongoing investigation into natural resources exploitation" and "war that the government is waging in the minerals sector", Acacia said in a statement. Acacia, which is Tanzania's largest gold miner, is locked in a long-running dispute with the government which has accused the company of tax evasion.