ABX - Barrick Gold Corporation

NYSE - NYSE Delayed Price. Currency in USD
12.18
-0.30 (-2.40%)
At close: 4:01PM EST

12.20 +0.02 (0.16%)
After hours: 5:38PM EST

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Previous Close12.48
Open12.45
Bid12.19 x 500
Ask12.20 x 1200
Day's Range12.11 - 12.46
52 Week Range12.11 - 20.36
Volume20,522,166
Avg. Volume11,800,691
Market Cap14.187B
Beta-0.39
PE Ratio (TTM)9.90
EPS (TTM)1.23
Earnings DateN/A
Forward Dividend & Yield0.12 (0.96%)
Ex-Dividend Date2017-11-29
1y Target Est17.37
Trade prices are not sourced from all markets
  • How Precious Metals Are Moving versus Market Indicators
    Market Realist31 minutes ago

    How Precious Metals Are Moving versus Market Indicators

    Will Inflationary Pressure Give Gold Some Buoyancy? Precious metals’ reaction was also due to economic numbers indicating the health of the US economy in general. Last week, the CPI number—which measures changes in prices for goods and services purchased by consumers—was standing at 0.5%.

  • Is Pain in Store for Gold Mining ETFs on Muted Earnings?
    Zacks3 hours ago

    Is Pain in Store for Gold Mining ETFs on Muted Earnings?

    Key gold miners came up with not-so-enthusiastic earnings reports for the fourth quarter. How did ETFs behave?

  • A Look at Valuation Catalysts for Goldcorp in 2018
    Market Realist7 hours ago

    A Look at Valuation Catalysts for Goldcorp in 2018

    Goldcorp (GG) has the highest EV-to-forward-EBITDA (enterprise value to forward earnings before interest, tax, depreciation, and amortization) multiple of 8.0x among its senior gold miner peers (GDX). Its production growth has remained muted for the last two years, and its costs have trended higher. As we’ve seen in the previous parts of this series, Goldcorp’s production, costs, and reserves are expected to improve significantly over the years, backed by a solid project pipeline, which is progressing on schedule and budget.

  • Goldcorp Deleverages before Next Capital-Intensive Cycle
    Market Realist9 hours ago

    Goldcorp Deleverages before Next Capital-Intensive Cycle

    At the end of 4Q17, its net debt and adjusted net debt was $2.2 billion and $2.1 billion, respectively, which implies a reduction of 3% and 5%, respectively, from its net and adjusted net debt at the end of 2016. In 2017, the company repaid $160 million in project finance facilities for Pueblo Viejo. Goldcorp has $500 million in debt due March 15, 2018, which it intends to repay through either cash from operations or drawing on its credit facility. It expects liquidity and free cash flow over the next five years to drive down its net debt to zero.

  • What Could Help Goldcorp Drive Unit Costs Down
    Market Realist10 hours ago

    What Could Help Goldcorp Drive Unit Costs Down

    Can Goldcorp Stock Keep Up Its Performance in 2018?

  • Barrick Vows Not to Grow for Growth's Sake
    Bloombergyesterday

    Barrick Vows Not to Grow for Growth's Sake

    Barrick Gold Corp. managed to cling to the title of world’s largest miner in 2017, but Executive Chairman John Thornton made it clear he won’t be pressuring the troops to repeat that this year.

  • Reutersyesterday

    Barrick Gold will not do deals simply to grow -chairman

    Barrick Gold, the world's largest producer of bullion, has yet to deliver on the "conundrum" of growth, but it will not make an acquisition simply to bulk up, Chairman John Thornton said an investor ...

  • Newmont Mining poised for growth in gold sector
    Reutersyesterday

    Newmont Mining poised for growth in gold sector

    Newmont Mining Corp (NEM.N) laid out plans on Thursday for new projects to grow gold production and cut costs, while reporting market-beating profits and output forecasts that position it to take the title of world's largest bullion producer in 2018. Newmont, whose 2017 production slightly lagged industry leader Barrick Gold (ABX.TO), boosted its 2018 capital budget by $300 million, to $1.2-$1.3 billion, after approving a power project at an Australian mine and expansion of a joint venture mine in Nevada. Chief Executive Gary Goldberg said Newmont's efforts to attract a broader investor base, by sweetening its dividend and focusing on shareholder returns, is drawing increased interest from generalist investors.

  • Reutersyesterday

    Barrick Gold sees long-term output drop, promising projects

    Barrick Gold on Thursday predicted ongoing gold production declines in the long term, positioning the miner to lose its status as the world's biggest bullion producer, but it said key projects could boost ...

  • Why Goldcorp’s Project Pipeline Could Drive Long-Term Growth
    Market Realistyesterday

    Why Goldcorp’s Project Pipeline Could Drive Long-Term Growth

    Goldcorp (GG) has one of the strongest project pipelines in the industry. At Penasquito, the Pyrite Leach Project (or PLP) is 62% complete and expected to start commissioning in 4Q18, which is three months ahead of schedule. This project is expected to add ~1 million ounces of gold and 44 million ounces of silver over the current life of the mine.

  • ETF Trendsyesterday

    Investors Return to Big Gold Miners ETF

    The VanEck Vectors Gold Miners ETF (NYSEArca: GDX), the largest exchange traded fund dedicated to gold mining stocks, is once again attracting investors. GDX is comprised of global gold miners, with a ...

  • Reutersyesterday

    Barrick Gold forecasts 10-year output, provides update on projects

    Barrick Gold predicted annual production of more than 4 million ounces of bullion between 2023 and 2027 on Thursday, a long-term view following last week's near-term forecast of lower output and higher costs from the world's biggest producer. The Toronto-based company also said its Chief Operating Officer, Richard Williams, will step down and take on a new role that will focus exclusively on talks with Tanzania for its troubled Acacia Mining unit. Senior Vice President Greg Walker will oversee operations.

  • Why Goldcorp’s Production Is on Track to Grow 20% by 2021
    Market Realistyesterday

    Why Goldcorp’s Production Is on Track to Grow 20% by 2021

    Goldcorp’s (GG) produced 646,000 ounces of gold in 4Q17, a decline of 15% year-over-year (or YoY). Goldcorp’s full-year production came in at 2.6 million ounces, which is slightly higher than its guidance of 2.5 million ounces. Goldcorp has guided for production of 2.5 million ounces in 2018 with +/-5% variance, which is in line with its previous 2018 guidance as well as the guidance for 2017.

  • GlobeNewswireyesterday

    Barrick Outlines Organic Investments to Drive Long-Term Value

    TORONTO, Feb. 22, 2018-- Barrick Gold Corporation today outlined plans to maximize long-term value from the Company’ s portfolio of high-quality, long-life gold operations and projects. These assets are ...

  • Goldcorp: Operational Highlights from the 4Q17 Results
    Market Realistyesterday

    Goldcorp: Operational Highlights from the 4Q17 Results

    Goldcorp (GG) generated total revenues of $3,423 million in 2017, which is a decline of 2% YoY (year-over-year). Goldcorp’s production costs also fell 9% YoY to $1.89 billion due to the closure of the Marlin mine and sale of the Los Filos mine. Goldcorp’s net earnings were $658 million, or $0.76 per share, for 2017.

  • Goldcorp’s 4Q17 Earnings Beat Estimates, Stock Soars
    Market Realist2 days ago

    Goldcorp’s 4Q17 Earnings Beat Estimates, Stock Soars

    Goldcorp (GG) reported its 4Q17 results after the market closed on February 14. It held a conference call the next day to discuss the results. Goldcorp thoroughly beat the consensus EPS (earnings per share) estimate of $0.10 by $0.18.

  • Barrick Gold: An Attractive Investment Option
    GuruFocus.com2 days ago

    Barrick Gold: An Attractive Investment Option

    The world's largest gold miner is positioned to reverse its downturn in the years ahead

  • Barrick Clings to Top Gold Miner Title as Newmont Closes Gap
    Bloomberg2 days ago

    Barrick Clings to Top Gold Miner Title as Newmont Closes Gap

    Gold geeks will have to wait for Newmont Mining Corp. to disclose one more decimal place to see if it overtook Barrick Gold Corp. as the world’s biggest bullion producer.

  • Kinross Gold’s Strong Financial Position Could Support Growth
    Market Realist3 days ago

    Kinross Gold’s Strong Financial Position Could Support Growth

    The company ended the year with cash and cash equivalents of $1.03 billion. This liquidity position is more significant, given that the company doesn’t have any debt maturity until 2021, which should help it invest in future development opportunities. In its 4Q17 earnings call, Kinross Gold’s management sounded upbeat about the company’s strong financial position.

  • Can Kinross Improve Unit Cost Structure, Guiding for Flat Costs?
    Market Realist4 days ago

    Can Kinross Improve Unit Cost Structure, Guiding for Flat Costs?

    Compared to its closest peers, Kinross Gold (KGC) has been a higher-cost gold producer. As a result, Kinross Gold is highly leveraged to gold prices compared to its peers (GDX) Goldcorp (GG), Barrick Gold (ABX), and Newmont Mining (NEM). In this part of the series, we’ll see how Kinross is trying to improve its unit costs.

  • Kinross Gold’s Power Plant Acquisition in Brazil to Add Value
    Market Realist7 days ago

    Kinross Gold’s Power Plant Acquisition in Brazil to Add Value

    Along with releasing its 2017 results, Kinross Gold (KGC) also announced an acquisition of two hydroelectric power plants in Brazil from a subsidiary of Gerdau (GGB). The rationale behind this acquisition is to secure long-term, low-cost power for its Paracatu mine in Brazil. This power should lower the overall production costs for the company’s Paracatu mine over its mine-life.

  • A Look at Gold Miners’ Technical Indicators
    Market Realist7 days ago

    A Look at Gold Miners’ Technical Indicators

    Components of GDX: What’s Driving Gold Miners in 2018?

  • Reading Mining Stocks’ Technicals in 2018
    Market Realist7 days ago

    Reading Mining Stocks’ Technicals in 2018

    Why Did Precious Metals Rebound?

  • What’s Affected Senior Gold Miners’ Performance
    Market Realist7 days ago

    What’s Affected Senior Gold Miners’ Performance

    Senior gold miners, which are large, established miners with various assets in multiple geographies, usually have lower-risk and highly liquid stocks. While there are variations between different miners, as a group, they usually follow gold prices. Senior miners Barrick Gold (ABX), Newmont Mining (NEM), Goldcorp (GG), and Kinross Gold (KGC) make up a substantial 25.4% of the VanEck Vectors Gold Miners ETF (GDX).

  • Why Kinross Gold Stock Plunged after 4Q17 Earnings
    Market Realist7 days ago

    Why Kinross Gold Stock Plunged after 4Q17 Earnings

    Kinross Gold (KGC) released its 4Q17 and 2017 results on February 14, after the market closed, and held a conference call with analysts on February 15. Kinross Gold stock dropped ~7% on February 15, underperforming the VanEck Vectors Gold Miners ETF (GDX), which fell just 1.0%. Goldcorp (GG) and Barrick Gold (ABX) also released their 4Q17 results on February 14 and held earnings calls the next day.