ABX - Barrick Gold Corporation
| Previous Close | 13.32 |
| Open | 13.25 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 13.02 - 13.27 |
| 52 Week Range | 11.07 - 19.26 |
| Volume | 9,071,097 |
| Avg. Volume | 13,145,893 |
| Market Cap | 14.797B |
| Beta | -0.28 |
| PE Ratio (TTM) | 10.71 |
| EPS (TTM) | 1.23 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.12 (0.93%) |
| Ex-Dividend Date | 2018-02-27 |
| 1y Target Est | 16.13 |
Market Realist•7 hours 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•9 hours 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.•yesterday
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•yesterday
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•yesterday
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•yesterday
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•yesterdayAre 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•yesterdayWhy 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•yesterday
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•2 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•2 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•2 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•2 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.
- Forbes•3 days ago
Here Is A Classic Pattern On The Gold Price Chart, Monthly
A classic technical analysis pattern is playing out on the gold ETF chart based on the monthly prices. From the standpoint of classic technical analysis – the kind that John J. Murphy elucidates in Technical Analysis of the Financial Markets – this indicates the potential for reversal. Gold ETF chart. Since this is the case, a decent technical analyst would check for other types of indications to look for confirmation or non-confirmation.
- Zacks•3 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•3 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•4 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•4 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•5 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•7 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•8 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•8 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•9 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•9 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.
