|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||22.87 - 23.48|
|52 Week Range||18.58 - 29.77|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.51%|
Barrick Gold (ABX) and Newmont Mining (NEM) have significantly improved their balance sheets by paying off debt through their cash flows and proceeds from selling non-core assets.
Australian gold miner Evolution Mining (EVN.AU) is one of the best performers in the S&P/ASX200 Index after lifting its dividend payout. The stock is up 6% in afternoon trading after the miner announced it would lift its dividend payout ratio to 50% from 40%. The revised dividend policy came as the Evolution posted a full-year profit of AUD217.6 million, up from a loss of AUD24.3 million at the same time last year.
Newmont Mining (NEM), which started the gold miners’ 2Q17 earnings season on July 25, reported earnings per share of $0.46, soundly beating the consensus estimate of $0.26.