|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||13.51 - 14.03|
|52 Week Range||11.64 - 16.38|
|PE Ratio (TTM)||18.29|
|Forward Dividend & Yield||0.08 (0.60%)|
|1y Target Est||N/A|
Based on Goldcorp Inc’s (TSX:G) earnings update in December 2017, the consensus outlook from analysts appear bearish, as a -46.28% fall in profits is expected in the upcoming year. However,Read More...
Canada's main stock index rose on Friday, led by the materials sector as gold prices surged to a one-month high, a day after the index posted its worst day since September 2016 on fears of a global trade war. Fears of retaliatory trade tariffs sent investors scrambling for safe assets such as gold, lifting stocks of miners Barrick Gold Corp and Goldcorp by more than 2 percent. The financial sector was down nearly 10 points after data showed inflation jumped to a three-year high in February, raising the prospect of an interest rate hike.
Newmont Mining (NEM) is one of the very few gold mining stocks to have given a flat-to-positive return this year. Its strong project pipeline is the major driver behind its consistent-to-increasing production profile. To learn more about its outlook, read Why Newmont Mining Stock Fell despite the 4Q17 Earnings Beat.
In this series, we’ll discuss analyst ratings and recommendations for gold miners, starting with Barrick Gold. Of the 24 analysts covering Barrick Gold (ABX), only 25% recommend “buy” for the stock, the lowest percentage of “buy” recommendations among senior miner stocks (GDX).
Among the senior mining companies under review in this series (GDX), Newmont Mining (NEM) is currently trading at the highest EV-to-forward EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiple of 8.3x. NEM is also trading at an 11% premium to its trailing-five-year average multiple and at a 30.4% premium to the peer average. Its strong project pipeline is also encouraging analysts to revise their estimates upward.
Now that we’ve looked at analysts’ revenue estimates for the senior gold miners under review (GDX), let’s take a look at analysts’ EBITDA (earnings before interest, tax, depreciation, and amortization) estimates for these companies. In line with the expected fall in Barrick Gold’s (ABX) 2018 revenue, analysts expect a fall of 7.2% YoY (year-over-year) in ABX’s EBITDA to $3.7 billion. Newmont Mining’s (NEM) EBITDA for 2018 is also expected to fall 0.8% YoY to $2.6 billion.
There are a number of reasons that attract investors towards large-cap companies such as Goldcorp Inc (NYSE:GG), with a market cap of US$11.60B. Doing business globally, large caps tend toRead More...
In this article, we’ll discuss the market sentiments for these companies. Among the senior gold miners under review (GDX) (GDXJ), analysts are most optimistic about Goldcorp (GG). It has the most “buy” ratings at 65%, with only 5% “sell” ratings.
Goldcorp (GG) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Mining stocks’ correlations with gold are crucial because gold is the big brother of precious metals. The movements in the remaining three precious metals—silver, platinum, and palladium—mostly depend on gold’s movements. For our correlation analysis, we’ll look at First Majestic Silver (AG), B2Gold (BTG), Royal Gold (RGLD), and Goldcorp (GG). Mining-based funds also have high correlations with precious metals.
One way to assess a company’s liquidity is to calculate its current ratio. Newmont Mining (NEM) and Kinross Gold (KGC) are doing the best among senior miners on this front with ratios of 3.6x and 3.9x, respectively. Goldcorp (GG) and Yamana Gold (AUY), on the other hand, have the lowest current ratios of 0.9x and 1.0x, respectively.