|Bid||10.20 x 47300|
|Ask||10.56 x 1200|
|Day's Range||10.20 - 10.52|
|52 Week Range||8.42 - 15.32|
|Beta (3Y Monthly)||0.25|
|PE Ratio (TTM)||116.52|
|Forward Dividend & Yield||0.08 (0.77%)|
|1y Target Est||13.15|
Both Barrick and Newmont have made big acquisitions and their shares offer an opportunity to profit when the metal regains its luster.
Could the Newmont-Goldcorp Merger Form ‘The Go-To Gold Equity’?(Continued from Prior Part)Newmont’s and Goldcorp’s valuation Among senior miners (GDX), Newmont Mining (NEM) has the highest EV1-to-EBITDA multiple, 8.2x, which is 2% lower
VANCOUVER, Jan. 17, 2019 /PRNewswire/ - GOLDCORP INC. (TSX: G, NYSE: GG) ("Goldcorp") is pleased to announce the six semi-finalists for #DisruptMining 2019, and the five 'sharks' who will judge the live finale of Goldcorp's annual innovation challenge. #DisruptMining offers innovators and entrepreneurs a platform to bring disruptive and exponential technologies to the mining sector. The panel of industry leaders will award one of the finalists the opportunity to negotiate a $1 million* investment in its technology, company or idea.
VANCOUVER , Jan. 17, 2019 /CNW/ - GOLDCORP INC. (TSX: G, NYSE: GG) ("Goldcorp") is pleased to announce the six semi-finalists for #DisruptMining 2019, and the five 'sharks' who will judge the live finale of Goldcorp's annual innovation challenge. #DisruptMining offers innovators and entrepreneurs a platform to bring disruptive and exponential technologies to the mining sector. The panel of industry leaders will award one of the finalists the opportunity to negotiate a $1 million * investment in its technology, company or idea.
Could the Newmont-Goldcorp Merger Form ‘The Go-To Gold Equity’?(Continued from Prior Part)Focused on value Newmont Mining (NEM) and Goldcorp (GG) held a conference call on January 14 to brief investors and analysts on their merger. The
The founder of Goldcorp Inc. is sticking with his bold prediction that the precious metal will soar almost fourfold to $5,000 an ounce, bolstered by a weaker dollar and waning demand for trendy assets like pot stocks. “Once people get over buying cryptos and biotech and cannabis stocks they’re going to start looking at gold again,” the chief executive officer of McEwen Mining Inc. said in an interview Thursday in Toronto with Bloomberg Television. A loss of confidence in the dollar, a peak in the broader stock market and fears of inflation will feed the impending spike in gold prices, he said.
Could the Newmont-Goldcorp Merger Form ‘The Go-To Gold Equity’?(Continued from Prior Part)Transaction highlightsNewmont Mining (NEM) and Goldcorp (GG) held a joint conference call on January 14 to brief investors and analysts about their merger,
Could the Newmont-Goldcorp Merger Form ‘The Go-To Gold Equity’?(Continued from Prior Part)Newmont to pay a 17% premium for GoldcorpNewmont Mining (NEM) has agreed to pay a 17% premium to acquire stock from Goldcorp (GG), which has been
The acquirers are snapping up targets like mad because the targets have seen their stocks collapse from the Great Bear Market of 2018, also known as the Powell-Pow Bear market, because Jay Powell hit stocks Pow! right in the kisser when he set out his automaton rate increase plan at the beginning of October. The creation of this new financial technology payments company is a huge win for First Data shareholders who owned a $17 stock just yesterday. David Faber on CNBC reported that these two companies had been talking for months.
Newmont Mining is not buying Goldcorp because it believes gold prices will rise, CEO Gary Goldberg says. Goldberg sees an opportunity to optimize Goldcorp's assets during a period of relatively low gold prices and consolidation. Newmont Mining NEM 's $10 billion purchase of Goldcorp G-CA does not mean the metals miner is making a bullish call on gold, according to CEO Gary Goldberg.
Goldcorp's (GG) gold production for the fourth quarter of 2018 was 25% higher sequentially. Also, the company achieves previously announced production and cost guidance for 2018.
Newmont Mining NEM has announced the acquisition of fellow senior producer Goldcorp GG , which would form the largest single gold miner in the world. Under the announced terms of the deal, Goldcorp shareholders will receive 0.3280 Newmont share and $0.02 in cash for each Goldcorp share they own, which represents a 17% premium on each company's 20-day volume-weighted average price before the announcement. In addition, Newmont has shown some recent operational successes with acquired assets, so it may be able to add better performance to the struggling Goldcorp.
Gold bugs have had a tough few years, but recent developments are getting them buzzing again. On Monday, Newmont Mining agreed to acquire Canadian rival Goldcorp for $10 billion in stock, creating the world’s largest gold miner. The tie-up comes just a few months after Barrick Gold’s merger with Randgold—creating what will now be the world’s No. 2 miner.
Per the deal, Newmont's (NEM) shareholders will own roughly 65% and Goldcorp shareholders will own around 35% of the combined entity.
In October, Goldcorp shares fell to their lowest since 2002 after the miner reported lower output and higher costs than expected. The merged company will have the world’s largest production and reserve base, and the kind of liquidity and diversified assets required to attract institutional investors, Stephen D. Walker, an analyst with RBC Capital markets, wrote in a research note.
“Holy camoly, I missed out on a great opportunity!” is how Bristow described anyone not involved in Barrick Gold Corp.’s purchase of Randgold Resources Ltd. in September. With Newmont Mining Corp. poised to become the No. 1 producer through a $10 billion takeover of Goldcorp Inc. announced Monday, the pressure on those left behind will be even greater. The newly combined companies are also expected to put several unloved assets up for sale, leaving lots of room for maneuvering by those that missed out on the dealmaking so far.
Newmont Mining Corp. agreed to buy rival Canadian gold producer Goldcorp Inc. in a $10 billion, all-stock deal, creating the world’s largest gold miner. The deal intensifies a consolidation wave triggered in part by languishing prices and dwindling supplies of easy-to-find gold, and comes on the heels of another gold-mining blockbuster: Barrick Gold Corp.’s agreement in September to buy Randgold Resources for $6 billion in an all-share merger. If Newmont consummates the Goldcorp deal, the new company, set to be based in Denver, will surpass Toronto-headquartered Barrick—its longtime rival—in production, a key industry metric.
The nation's largest utility says it is filing for Chapter 11 bankruptcy because it faces at least $30 billion in potential damages over the catastrophic wildfires in California that killed scores of people and destroyed thousands of homes. The move will allow Pacific Gas & Electric Corp. to hold off creditors and continue operating while it tries to put its finances in order. Eddie Lampert plays several often-conflicting roles in what could be the final chapter for the 132-year-old company.
Moody's Investors Service ("Moody's") says Newmont Mining Corporation's (Newmont -- Baa2, stable) announcement that it will acquire Goldcorp Inc. (Goldcorp - Baa3, RUR Up ) in a share-for-share merger valued at $10 billion is credit positive. The company will be renamed Newmont Goldcorp.