|Bid||18,800.00 x 0|
|Ask||19,999.00 x 0|
|Day's Range||19,234.00 - 19,935.00|
|52 Week Range||100.21 - 19,935.00|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 19, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||10.89|
Tailings dams are also in the spotlight, after Vale SA’s disaster in Brazil. Highlights from Tuesday:AngloGold’s CEO suggested the company may provide an update on plans to streamline its assets when it reports annual results this month.Barrick chief Mark Bristow said the industry needs to change its mindset on “instant gratification.” Anglo Platinum’s CEO predicted palladium will remain in deficit for 10 to 15 years. South African President Cyril Ramaphosa emphasized support for the mining sector and said he wants to avoid a return to strained relations between the government and industry.
Key Insights The closure of its TauTona mine and sale of Moab Khotsong and Kopanang in South Africa is already bearing fruit as AngloGold focuses on its lowest-costs mines.The performance of the No. 3 gold producer was also buoyed after income from its Kibali operation in the Democratic Republic of Congo rose by $95 million.The turnaround at AngloGold lays down a marker as the Johannesburg-based miner weighs listing in either London or Toronto. Market ReactionAngloGold shares fell 1 percent as of 9:56 a.m. in Johannesburg, paring their gain over the past 12 months to 45 percent.
(Adds eBay, Arconic, Public Power, Telefonica, PKN Orlen, Moldindconbank, Colfax, EWE, Telecom Italia, RWE, Trans-Amazonian Highway, Gold Fields) Jan 22 (Reuters) - The following bids, mergers, acquisitions ...
Having long since been eclipsed by its rivals, AngloGold Ashanti Ltd. may need to leave home to keep up. Newmont Mining Corp. and Barrick Gold Corp. have forged mega deals that will extend their lead over AngloGold. Saddled with Mponeng, the world’s deepest mine in a dying South African industry that’s struggling to contain costs, the third-biggest producer could boost its value by leaving the country, according to Rene Hochreiter, analyst at Noah Capital Markets Ltd. in Johannesburg.
Could the Newmont-Goldcorp Merger Form ‘The Go-To Gold Equity’?(Continued from Prior Part)Agnico Eagle MinesWhereas several gold (GLD) mining companies are likely to see M&As (mergers and acquisitions), Agnico Eagle Mines (AEM) may not be
The South African rand had recovered losses by the end of the day on Thursday after a sharp selloff in emerging market currencies on rising concerns about global growth. Traders said the rand recovered as selling was considered to have been excessive and investors still see value at around 14.60 to the dollar. AT 1516 GMT the rand was 0.02 percent firmer at 14.4657 per dollar after tumbling to as far as 14.8975, its weakest in three months.
E.B. Tucker, an independent director of Metalla Royalty & Streaming Ltd. (MTA.V), told Kitco.com on Monday that while 2019 is expected to be very volatile for U.S. equities, gold will be one of the markets that will have the best performance. Warning! GuruFocus has detected 6 Warning Signs with AU. The bullion closed 2018 reporting a cumulative average of $1,268.49 per troy ounce on the London market.
Ray Dalio’s love for gold is well known. Bridgewater Associates didn’t have any major positions in gold ETFs until the second quarter of 2017, when the fund made its first purchases, of $68.1 million in GLD and $36.8 million in IAU. Dalio also suggests buying gold for diversification and as an inflation hedge.
A number of subscribers have emailed me recently about gold and gold miners. Fair enough in this current market environment, so this morning I am taking a look at the charts and indicators of AngloGold Ashanti Ltd. In the daily bar chart of AU, below, we can see a low in August followed by an impressive rally.
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We have processed the filings of the more than 700 world-class investment firms that we track and now have access to the collective wisdom contained in […]
Analysts at BMO Capital Markets, the investment banking subsidiary of Bank of Montreal (BMO), took action on gold mining stocks on Monday. BMO downgraded Yamana Gold Inc. (AUY) to market perform from outperform, initiated coverage on AngloGold Ashanti Ltd. (AU) with a market perform rating and on Gold Fields Ltd. (GFI) with an underperform rating. Warning! GuruFocus has detected 6 Warning Signs with AU.
LONDON/TORONTO, Nov 23 (Reuters) - Barrick Gold's incoming chief executive said he wants to pull together Tanzania's mining industry to tackle a "desperate" tax dispute that has snared several companies, including the firm's Acacia Mining unit. President John Magufuli, nicknamed "The Bulldozer", swept to power in 2015 pledging to secure a bigger share of resource wealth and cut corruption. Acacia was later handed a $190 billion tax bill - about four times the country's gross domestic product - for underreporting output.
Newmont Mining (NEM) has one of the best project pipelines in the sector (GDX) (GDXJ)—it may even be stronger than Kinross Gold’s (KGC), Barrick Gold’s (ABX), and AngloGold Ashanti’s (AU) project pipelines. Newmont Mining is poised to overtake Barrick Gold as the world’s largest gold producer in 2018. For more information, read Barrick Gold versus Newmont: Comparing Miners in 2018 and Beyond.
Gold ETFs have seen renewed buying interest from investors in October on increased market volatility and the equity market sell-off. According to a report by the World Gold Council (or WGC), the holdings in gold-backed ETFs saw inflows of 16.5 tons in October to total 2,346 tons. This marked the first inflow in four months for gold ETFs.
As Positive Catalysts for Gold Emerge, Which Miners May Benefit? South African miners have traditionally traded at a discount to their global counterparts, primarily due to South Africa’s laws, labor concerns, and infrastructure challenges. Among these miners, Sibanye Gold (SBGL) is trading at the highest EV-to-EBITDA (enterprise value-to-EBITDA) multiple of 4.2x—a premium of 23.0% to the peer average.
Since the generation of free cash flow (or FCF) creates shareholder value and helps a business’s long-term prospects, it’s important for investors to track gold miners’ (GDX) abilities to generate FCF. Barrick Gold (ABX) has a strategy of value over volume, which prioritizes profitable production. The company defines value creation for shareholders in terms of FCF per share. Barrick Gold generated FCF of $319 million in the third quarter compared to -$172.0 million in the second quarter.
Historically, we have generated alpha for our investors by anticipating M&A action, overweighting companies we believe are acquisition targets and underweighting possible acquirers. While we were correct in our assessment, we didn’t get the benefit of Barrick’s performance after the deal was announced. Prior to Morila, Randgold was involved in other African mines that hadn’t fared so well.
AngloGold Ashanti Ltd. (AU) rose 4.61% to $10.43 on the New York Stock Exchange after releasing third-quarter production results on Monday. The miner said that despite a 14.6% year-over-year decline in gold production to 851,000 ounces, the all-in sustaining cost also decreased 14.1% to $920 per ounce of metal sold. The decline in the AISC reflects cost improvements from operations at the Mponeng mine in South Africa, the Kibali mine in the Democratic Republic of Congo, the Iduapriem mine in Ghana and at the Tropicana mine in Western Australia.
Stock futures for Canada's main index edged higher on Monday, ahead of U.S. congressional midterm elections. December futures on the S&P/TSX index were up 0.22 percent at 7:00 a.m. ET. Reserve assets total ...
Newmont Mining (NEM) stock has declined ~14.4% year-to-date—most of these losses occurred after its second-quarter earnings. While its earnings were a beat on market expectations, the overall sentiment in the precious metals and mining space was negative.
Agnico Eagle Mines’ (AEM) operating performance in 2017 was quite strong. Rising 10.0%, its stock almost matched the benchmark gold miners’ index’s (GDX) performance. In 2018, however, it has been weaker.