|Bid||13.16 x 300|
|Ask||13.18 x 1300|
|Day's Range||12.83 - 13.05|
|52 Week Range||12.60 - 20.36|
|PE Ratio (TTM)||10.52|
|Forward Dividend & Yield||0.12 (0.91%)|
|1y Target Est||17.52|
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.
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.
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.
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).
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.
Acacia Mining , the Tanzania-focused gold miner that has been embroiled in a dispute with the country’s president, is looking to sell a stake in some or all of its operations in the East African state. ...
U.S. gold futures for April delivery settled down $2.70, or 0.2 percent, at $1,355.30 per ounce. "The debt level will be a major cause of inflation, because it will signal higher interest rates," said George Gero, managing director of RBC Wealth Management. The U.S. dollar index was down against a basket of currencies, earlier hitting a near two-week low of 88.585.
Canada's main stock index was little changed on Thursday as gains in the financial sector and shares of TransCanada Corp were tempered by a decline in resource companies. * At 10:20 a.m. EST (1520 GMT), the Toronto Stock Exchange's S&P/TSX composite index edged up 4.79 points, or 0.03 percent, at 15,333.06. * TransCanada was the biggest advancer on the index, rising 3.7 percent to C$55.64, after its fourth-quarter profit beat expectations due to lower costs and an expansion of gas lines.
Barrick Gold's (ABX) adjusted earnings in Q4 top the Zacks Consensus Estimate. It expects higher costs for Q1 due to lower grades at Barrick Nevada and scheduled maintenance at Pueblo Viejo.
Barrick Gold, the world's largest producer of gold, said on Thursday that it expects the U.S. tax reform to result in a net positive adjustment of approximately $200 million. Barrick also said it intends ...
NEW YORK, NY / ACCESSWIRE / February 15, 2018 / Barrick Gold Corporation (NYSE: ABX ) will be discussing their earnings results in their Q4 Earnings Call to be held on February 15, 2018 at 8:00 AM Eastern ...
Goldcorp (GG) got the earnings season for gold miners off to a nice start with fourth-quarter profits that beat the Bloomberg consensus by 17 cents. Then Barrick Gold (ABX), the world's biggest gold producer by ounces, reported an adjusted net earnings result of 22 cents a share, which beat the Bloomberg consensus estimate by a penny. Clearly Goldcorp, which Barron's touted in a lengthy feature story last month, has the most to crow about with its results.
Barrick Gold Corp reported a fourth-quarter net loss on Wednesday compared to a profit a year earlier as it wrote down the value of unmined gold at a stalled project in South America after its plans for how to develop the mine changed. Barrick, the world's biggest gold producer by ounces, reported a net loss of $314 million, or a loss of 27 cents a share, in the quarter to end-December from a profit of $425 million, or 36 cents a share, in the same period a year ago.
In 2017, Barrick reported net earnings attributable to equity holders of Barrick of $1.44 billion, and adjusted net earnings 1 of $876 million. The Company reported annual revenues of $8.37 billion, net ...
TORONTO, Feb. 14, 2018-- Barrick Gold Corporation today announced that its Board of Directors has declared a dividend for the quarter of U.S. 3 cents per share, payable on March 15, 2018, to shareholders ...
Investors on Wednesday jumped into gold and other precious metals, along with commodity-related ETFs, as markets continue to worry that the Fed will raise interest rates higher than initially anticipated on the back of the Labor Department's January consumer price index.
On Wednesday, Barrick Gold (NYSE: ABX ) will release its latest earnings report. Check out Benzinga's report to understand the report's implications. Earnings and Revenue Analysts predict Barrick Gold ...
With Barrick scheduled to report on Feb 14 and Newmont reporting on Feb 22, its a good time to consider which is a better stock.