ABX - Barrick Gold Corporation

NYSE - Nasdaq Real Time Price. Currency in USD
11.135
-0.045 (-0.40%)
As of 11:07AM EDT. Market open.
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Previous Close11.180
Open11.210
Bid11.130 x 27000
Ask11.140 x 800
Day's Range11.000 - 11.220
52 Week Range9.530 - 16.840
Volume5,945,887
Avg. Volume13,349,579
Market Cap12.917B
Beta-0.68
PE Ratio (TTM)N/A
EPS (TTM)-0.230
Earnings DateN/A
Forward Dividend & Yield0.12 (1.19%)
Ex-Dividend Date2018-08-30
1y Target Est14.17
Trade prices are not sourced from all markets
  • New AngloGold Boss Weighs Asset Sales to Unlock Value at Miner
    Bloomberg2 hours ago

    New AngloGold Boss Weighs Asset Sales to Unlock Value at Miner

    AngloGold Ashanti Ltd.’s new chief executive officer, Kelvin Dushnisky, said his goal of unlocking value at the world’s third-largest gold producer will involve focusing on its best assets and selling those that aren’t core to the business. Dushnisky, 55, took over at AngloGold on Sept. 1 as the Johannesburg-based miner considers its future in its home country, which now accounts for about 12 percent of total output, and grapples with regulations that threaten profits at operations in Tanzania and the Democratic Republic of Congo. The former president of Barrick Gold Corp. ruled out “fire sales,” but said he would focus on assets that generate the most value.

  • Barrick & Shandong Gold Enter Into Cross Shareholding Deal
    Zacks2 hours ago

    Barrick & Shandong Gold Enter Into Cross Shareholding Deal

    Barrick's (ABX) move to ink cross shareholding deal strengthens its partnership with Shandong Gold.

  • Financial Times5 hours ago

    [$$] Newmont squashes Barrick Gold bid talk

    Newmont Mining has scotched talk of a bid for Canadian rival Barrick Gold, saying there was no value in a tie-up. Speaking at the Denver Gold Forum on Tuesday, Newmont chief Gary Goldberg said the company had examined a deal in the past and had not “seen anything”. After Barrick Gold announced on Monday a $6bn all-stock offer for Africa-focused rival Randgold Resources, there was talk that Newmont might look to wreck the deal with a bid for its Canadian rival.

  • Newmont's CEO Rejects Talk of Bids for Barrick, Randgold
    Bloomberg22 hours ago

    Newmont's CEO Rejects Talk of Bids for Barrick, Randgold

    Newmont Mining Corp. Chief Executive Officer Gary Goldberg squashed speculation that Barrick Gold Corp.’s offer for Randgold Resources Ltd. would tempt Newmont to make its own play. Canada’s Barrick agreed on Monday to buy London-listed Randgold for about $5.4 billion, creating a global gold mining behemoth with a focus on Africa and the Americas in the biggest gold deal of the past three years. The news also revived speculation Barrick may return to the negotiating table with Newmont for a new tie-up after talks between the two collapsed in 2014 over differences on issues including the leadership of the combined company.

  • Barrick Gold Corp to Merge With Randgold Resources
    GuruFocus.com22 hours ago

    Barrick Gold Corp to Merge With Randgold Resources

    Barrick Gold Corp. (ABX) and Randgold Resources Ltd. (GOLD) have inked an agreement for a stock-for-stock merger. The announcement was released by both companies on Monday. Following the announcement, Barrick Gold Corp. soared 5.44% to $11.04 per share on the New York Stock Exchange and Randgold Resources Ltd. jumped 6.62% to $68.14 per share on the Nasdaq.

  • Barrick Gold Stock Still Strong after Acquisition Announcement
    Market Realistyesterday

    Barrick Gold Stock Still Strong after Acquisition Announcement

    On September 24, Barrick Gold (ABX) agreed to acquire Randgold Resources (GOLD) in a share-for-share deal. The merger would create an industry-leading gold company (GDX) with the greatest concentration of tier-one gold assets (GLD). See Barrick-Randgold Merger Would Create World’s Largest Gold Miner for more details. Today, Citi (C) analyst Alexander Hacking upgraded Barrick Gold (ABX) from “neutral” to “buy” and raised the target price from $11 to $14.

  • Are M&As Helping U.S. Markets Amid Trade War Fears?
    Zacksyesterday

    Are M&As Helping U.S. Markets Amid Trade War Fears?

    This year so far has already seen quite a few big acquisitions, which is helping the broader market.

  • Barrick, Randgold in $18.3B Merger, To Form Gold-Mining Giant
    Zacksyesterday

    Barrick, Randgold in $18.3B Merger, To Form Gold-Mining Giant

    Barrick Gold's (ABX) latest deal with Randgold to create an industry-leading gold company with the highest concentration of Tier One Gold Assets.

  • Barrick Gold (ABX) Surges: Stock Moves 5.4% Higher
    Zacksyesterday

    Barrick Gold (ABX) Surges: Stock Moves 5.4% Higher

    Barrick Gold (ABX) shares rose more than 5% in the last trading session, amid huge volumes.

  • How Barrick-Randgold Merger Could Improve Shareholder Returns
    Market Realistyesterday

    How Barrick-Randgold Merger Could Improve Shareholder Returns

    Gold mining companies have been under tremendous pressure in 2018 as the price of gold (GLD) has fallen ~8% year-to-date. The VanEck Vectors Gold Miners ETF (GDX) has amplified that return by falling ~21% in the same period. Gold miners haven’t kept pace with broader equities (SPY) (IVV) and gold prices.

  • The Strategic Rationale for the Barrick-Randgold Merger
    Market Realistyesterday

    The Strategic Rationale for the Barrick-Randgold Merger

    Both Barrick Gold (ABX) and Randgold Resources (GOLD) believe the combined company will have the greatest concentration of tier one gold assets and the lowest total cash cost position among its senior gold miner peers (GDX). After the merger, the new Barrick Gold (ABX) will have: five of the world’s top ten tier one gold assets by total cash cost. the largest gold (GLD) reserves among senior gold peers. the highest adjusted EBITDA, the highest EBITDA margin, and the lowest cash cost position among senior gold peers. established positions with leading Chinese mining companies. ...

  • Barrick-Randgold Merger Would Create World’s Largest Gold Miner
    Market Realistyesterday

    Barrick-Randgold Merger Would Create World’s Largest Gold Miner

    On September 24, Barrick Gold (ABX) agreed to acquire Randgold Resources (GOLD) in a share-for-share deal. Based on their closing prices on September 21, the new Barrick Gold would have an aggregate market capitalization of $18.3 billion. Under the terms of the merger, Randgold Resources shareholders will receive 6.128 new Barrick Gold shares for each Randgold share.

  • Barrick's Thornton Puts Shine Back in Gold With Randgold Bid
    Bloombergyesterday

    Barrick's Thornton Puts Shine Back in Gold With Randgold Bid

    Call it the shot heard ’round the gold industry. As more than 1,100 gold mining executives, metals analysts and investors made their annual retreat to the mountains of Colorado, all anyone seemed to want to talk about was the deal that was announced just hours earlier. Mark Bristow, the outspoken chief executive officer of Randgold Resources Ltd. who helped arrange the merger with Barrick Gold Corp., didn’t seem surprised.

  • Barrick-Randgold Deal Is Putting the Shine Back on Gold Miners
    Bloombergyesterday

    Barrick-Randgold Deal Is Putting the Shine Back on Gold Miners

    Call it the shot heard ’round the gold industry. As more than 1,100 gold mining executives, metals analysts and investors made their annual retreat to the mountains of Colorado, all anyone seemed to want to talk about was the deal that was announced just hours earlier. Mark Bristow, the outspoken chief executive officer of Randgold Resources Ltd. who helped arrange the merger with Barrick Gold Corp., didn’t seem surprised.

  • Financial Timesyesterday

    [$$] Unloved gold sector buoyed by Barrick- Randgold merger

    The gold mining sector has been one of the least loved among investors this year due to a lacklustre gold price and a dearth of new mining projects. Overall, gold mining shares are down by 23 per cent year-to-date.

  • Financial Timesyesterday

    [$$] The odd couple that will lead the world’s new number one in gold

    The $18bn combination of Canada’s Barrick Gold and London’s Randgold Resources brings together two of the biggest personalities in the mining industry: a former highflying banker from Goldman Sachs and ...

  • The Wall Street Journalyesterday

    [$$] Gold Giant Barrick Agrees to Buy Rival Randgold for $6 Billion

    Barrick Gold Corp. agreed to buy Randgold Resources Ltd. for $6 billion in an all-share merger that will solidify Barrick as the world’s largest gold company by production, with a dominant position in Africa. Barrick shareholders will own 67% of the combined company, and Randgold investors will own 33%, the companies said Monday. The deal will pair two of the gold-mining industry’s biggest personalities: Barrick’s John Thornton, a former Goldman Sachs Group Inc. executive, and Randgold Chief Executive Mark Bristow, renowned for taking motorcycle trips through Africa.

  • The Wall Street Journal2 days ago

    [$$] Despite Big Merger, Investors Still Cautious on Gold Mining Companies

    The mixed reaction to Monday’s gold-mining megamerger underscores the challenges facing the North American gold sector, where shares have tumbled this year to discounts rarely seen outside significant market downturns. Investors heartily applauded Barrick Gold Corp.’s agreement to buy Randgold Resources Ltd. for $6 billion in stock. Shares of Barrick rose 6% and Randgold climbed 7%.

  • Canada's Barrick Gold to buy Randgold for $6.5 billion
    Reuters2 days ago

    Canada's Barrick Gold to buy Randgold for $6.5 billion

    Canada's Barrick Gold Corp has agreed to buy Randgold Resources Ltd in an all-stock deal valuing the Africa-focused miner at $6.5 billion, to create the world's largest gold producer in an industry under investor pressure to put capital to good use. The new Barrick company, which will be listed in New York and Toronto, will own five of the world's 10 lowest-cost gold mines and have a market value of $19.4 billion based on Monday's trading. The deal marks the biggest transaction in years in the gold mining industry, where companies have come under fire from investors for poorly managing capital, forcing them to focus on costs while dampening enthusiasm for acquisitions.

  • Moody's2 days ago

    Barrick Gold Corporation -- Moody's says Barrick's acquisition of Randgold is credit positive

    Moody's Investors Service, ("Moody's") commented that Barrick Gold Corporation's ("Barrick") announcement that it has agreed to buy Randgold Resources Limited (not rated) through a share-for-share merger is credit positive. The acquisition will provide Barrick with increased diversity by adding low cost mines, as well as incremental production to offset the expected decline in Barrick's existing assets. Furthermore, the acquisition would strengthen Barrick's credit metrics by increasing cash flow generation and reducing leverage.

  • Reuters2 days ago

    Canada's Barrick Gold to buy Randgold for $6.5 billion

    Canada's Barrick Gold Corp (ABX.TO) has agreed to buy Randgold Resources Ltd (RRS.L) in an all-stock deal valuing the Africa-focused miner at $6.5 billion, to create the world's largest gold producer in an industry under investor pressure to put capital to good use. The new Barrick company, which will be listed in New York and Toronto, will own five of the world's 10 lowest-cost gold mines and have a market value of $19.4 billion based on Monday's trading. The deal marks the biggest transaction in years in the gold mining industry, where companies have come under fire from investors for poorly managing capital, forcing them to focus on costs while dampening enthusiasm for acquisitions.

  • Barrick's Randgold Acquisition May Spur More Gold Mining Deals
    Bloomberg2 days ago

    Barrick's Randgold Acquisition May Spur More Gold Mining Deals

    Gold miners earned the ire of investors including billionaire hedge-fund manager John Paulson for entering into bad deals that destroyed shareholder value in the past. Barrick Gold Corp. Executive Chairman John Thornton said his company isn’t paying a premium under its agreement to buy Randgold Resources Ltd. The decision came after the company has been criticized for its “undisciplined growth and poor returns” in the past. Investors’ patience is being tested as mining companies struggle to strike a balance between protecting shareholder value and adding assets that could boost their output.

  • Why Barrick Gold, Amarin, and California Resources Jumped Today
    Motley Fool2 days ago

    Why Barrick Gold, Amarin, and California Resources Jumped Today

    Find out which of these stocks gained the most.

  • 5 Top Stock Trades — SIRI’s Pandora Acquisition and Snap’s Deal With Amazon
    InvestorPlace2 days ago

    5 Top Stock Trades — SIRI’s Pandora Acquisition and Snap’s Deal With Amazon

    Comcast (NASDAQ:CMCSA) outbit Disney/Fox (NYSE:DIS) for the rest of Sky plc, Randgold (NYSE:GOLD) and is being bought by Barrick Gold (NYSE:ABX), Sirius XM Holdings (NASDAQ:SIRI) acquired Pandora (NYSE:P) for $3.5 billion and that’s not all of the weekend deals, surprisingly. Let’s look at our top stock trades to get a better idea, although we won’t look at all of these deals.

  • Investor's Business Daily2 days ago

    Stocks Slump As Trade War Intensifies; 3 Med Stocks Rally, Tilray Tumbles

    A new round of trade war news pressured Monday's open, while mergers news, rising oil prices and clinical trial results drove some early leaders.