ABX - Barrick Gold Corporation
| Previous Close | 13.26 |
| Open | 13.32 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 13.13 - 13.37 |
| 52 Week Range | 11.07 - 19.38 |
| Volume | 11,142,043 |
| Avg. Volume | 13,211,695 |
| Market Cap | 14.966B |
| Beta | -0.28 |
| PE Ratio (TTM) | 10.83 |
| EPS (TTM) | 1.23 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.12 (0.93%) |
| Ex-Dividend Date | 2018-02-27 |
| 1y Target Est | 16.15 |
- Market Realist•10 hours 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•16 hours 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•21 hours 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•21 hours 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.
- Forbes•2 days ago
Here Is A Classic Pattern On The Gold Price Chart, Monthly
One of those old school classic technical analysis patterns can be seen on the monthly gold price chart.
- Zacks•2 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•2 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•3 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•3 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•4 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•6 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•7 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 ...
Market Realist•7 days agoWhich Gold Miners Have Upside Potential after 1Q18
Among the senior mining companies under review in this series (GDX), Newmont Mining (NEM) is currently trading at the highest EV-to-forward EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiple, of 8.3x. The company’s slower production growth added to its woes in 2017. Its follow-through on its long-term vision of improving reserves, production, and unit costs by 20% each by 2021 could go a long way in further re-rating its multiple. Barrick Gold’s (ABX) higher financial leverage is still a concern for investors, and the recent issues at its Tanzanian mines have added to its woes.
- Market Realist•7 days ago
How Did the Fed’s Minutes Affect Gold and Miners?
Another crucial factor that closely plays on precious metals prices is the US interest rate—more specifically, the Federal Reserve’s decisions on moving the interest rate. During the Fed’s meeting in the third week of March, it took a hawkish stance, causing precious metals to rise instead of fall. The Fed mentioned that it would like to raise interest rates two rather than three more times in 2018.
- Market Realist•8 days ago
How Analysts’ Recommendations for Gold Miners Changed in 1Q18
On March 12, 2018, RBC (Royal Bank of Canada) downgraded Newmont Mining (NEM) to “underperform” from “sector perform,” and cut NEM’s stock price by $1 to $43. On January 16, 2018, Deutsche Bank (DB) downgraded Newmont from “buy” to “hold.” DB analyst Chris Terry believes that whereas the outlook for commodity prices seems bright, Newmont has a rich valuation and catalysts for the stock have already played out.
- Zacks•8 days ago
New Strong Sell Stocks for April 12nd
Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:
- Zacks•8 days ago
Gold Stocks AKG & HMY Shining Amid Trade, Syria Tensions
Geopolitical tensions and lingering concerns over a trade war might reduce investors' appetite for riskier assets and fuel demand for safe-haven gold.
- Market Realist•8 days ago
Gauging Gold Miners’ Upside Potential
In 1Q18, gold prices (GLD) rose by just 1%. While gold prices have repercussions on gold miners’ performance based on their leverage, most miners’ price movements in 1Q18 have been driven by company-specific factors such as the release of 2017 results, reserves, and 2018 guidance. Among senior gold miners, analysts are most bullish on Goldcorp (GG), assigning it 65% “buy” and 5% “sell” ratings.
Market Realist•8 days agoWhat Boosted Newmont and Goldcorp Stock in 1Q18
Newmont Mining (NEM) stock rose 2.4% in 1Q18 while Goldcorp (GG) stock rose 4.5%. Newmont Mining reported an earnings beat in 4Q17. The company’s production and unit costs were in line with its guidance.
- GlobeNewswire•8 days ago
Barrick Reports Preliminary First Quarter Production Results
All amounts expressed in U.S. dollars. TORONTO, April 11, 2018-- Barrick Gold Corporation today announced preliminary first quarter production of 1.05 million ounces of gold, and 85 million pounds of copper, ...
- Market Realist•8 days ago
Could Barrick Gold Reverse Its Fortune This Year?
Barrick Gold (ABX) has underperformed senior and intermediate peers (GDX) (GDXJ) as well as the broader benchmark index (GDX). Barrick has guided for production of 4.5 million–5.0 million ounces of gold in 2018, which implies a ~11% fall from the midpoint of its actual production in 2017. Barrick Gold raised its all-in sustaining cost guidance for 2018 to $765–$815 per ounce.
- Market Realist•8 days ago
How Gold and Gold Miners Performed in 1Q18
Gold prices rose ~1% in 1Q18 after rising ~13% in 2017. Gold prices are being affected by a number of factors, including rate hike expectations, trade war fears, the US dollar, and increasing volatility.
- Market Realist•9 days ago
Is the Correlation of Mining Shares Mixed or Directional?
In this part of our series, we’ll look at the correlation between gold and four mining stocks: Coeur Mining (CDE), Barrick Gold (ABX), Kinross Gold (KGC), and Eldorado Gold (EGO). Mining stocks mostly move with gold prices but not always. Among these four miners, Kinross Gold has shown the highest correlation with gold, while Eldorado Gold has seen a negative correlation to gold on a YTD (year-to-date) basis.
- Motley Fool•9 days ago
Better Buy: Freeport-McMoRan Inc. vs. Barrick Gold Corporation
Freeport and Barrick are both commodity-driven miners. The choice here really boils down to the commodity you want to own.
