11.66 +0.15 (1.30%)
Pre-Market: 6:53AM EST
|Bid||11.66 x 38800|
|Ask||11.66 x 800|
|Day's Range||11.29 - 11.72|
|52 Week Range||8.42 - 14.66|
|Beta (3Y Monthly)||0.47|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.08 (0.74%)|
|1y Target Est||12.72|
Newmont Mining shares jumped higher in pre-market trading Friday amid reports that rival Barrick Gold is prepping a hostile takeover bid that would value the gold mining group at around $19 billion.
It hasn’t even been two months since Barrick Gold Corp. and Randgold Resources Ltd. announced that their merger was, um, “consummated,” and already Executive Chairman John Thornton appears to be checking out an old flame. Barrick has in recent months been studying a takeover bid for Newmont Mining Corp., possibly in combination with Newcrest Mining Ltd., people familiar with the matter told Ed Hammond, Danielle Bochove, Aaron Kirchfeld and Ruth David of Bloomberg News Friday. Newmont announced its own tie-up with Goldcorp Inc. last month, which you’d have expected to change the calculus somewhat.
Canada's Barrick Gold Corp is considering a hostile bid for Newmont Mining Corp for about $19 billion in stock, in what would potentially be one of the largest-ever mining deals, the country's Globe and Mail newspaper reported. The paper, which also reported that Barrick would flip some of Newmont's assets to Australia's Newcrest Mining, cited industry sources familiar with the situation.
Canada's Barrick Gold Corp has studied a bid for Newmont Mining Corp as it looks for ways to boost production, Bloomberg reported https://www.bloomberg.com/news/articles/2019-02-22/barrick-gold-said-to-have-studied-offer-for-newmont-mining?cmpid%3D=socialflow-twitter-canada&utm_campaign=socialflow-organic&utm_content=canada&utm_source=twitter&utm_medium=social ...
Newmont Mining's Q4 Results Beat Estimates, Stock RisesNewmont Mining’s fourth-quarter resultsNewmont Mining (NEM) reported its fourth-quarter earnings results before the market opened on February 21. The company reported EPS of $0.40, which
U.S. gold miner Newmont Mining Corp beat analysts' estimates for quarterly profit on Thursday, boosted by higher gold production in its Colorado and Ghana mines and lower costs. The company is set to overtake ...
The $11 billion VanEck Vectors Gold Miners ETF, ticker GDX, saw trading volume spike to its highest in two months Tuesday. GDX is the largest materials ETF and tracks corporations that are primarily involved in mining gold and silver. The precious metal offers a potential hedge against global political uncertainties like the U.S.-China trade war.
Goldcorp's (GG) Q4 results gain from lower costs amid declining production. For 2019, it expects to produce 2.2-2.4 million ounces of gold at AISC of $750-$850 per ounce.
Shares of Goldcorp Inc. (GG) rose 0.28% to $10.8 in after-hours trading Wednesday after the company posted fourth-quarter and full-year 2018 results. The miner closed the quarter with non-GAAP earnings of 7 cents per share, topping consensus estimates by 4 cents. Earnings declined 50% from the prior-year quarter.
Goldcorp (GG) delivered earnings and revenue surprises of 250.00% and -9.53%, respectively, for the quarter ended December 2018. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the Vancouver, British Columbia-based company said it had a loss of $4.58. Earnings, adjusted for non-recurring costs, came to 7 cents per share. The results exceeded Wall Street ...
Barrick Gold Corp on Wednesday forecast a double-digit jump in gold output this year, underscoring the growth potential of the world's largest publicly traded bullion producer after it bought rival Randgold Resources last month. Shares of Barrick fell 2.6 percent to $17.26 in morning trading. Barrick, which spent $6.1 billion on the Randgold deal, has formed new management teams, cut administrative costs and begun to spend more on geology and other mine services, part of new Chief Executive Mark Bristow's plan to set the combined company firmly apart from peers.
Goldcorp stock got a lift from a takeover offer last month, but it fell Tuesday as UBS downgraded the miner, arguing that a higher bid is unlikely.
Gold has seen a widespread, strong, and sustained value appreciation around the globe against 72 currencies in the past two decades, according to Ross Norman, CEO of London-based bullion broker Sharps Pixley.
Goldcorp (GG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Investors should have 5% to 10% of their investment portfolios in Barrick Gold, Yamana Gold or Newmont Mining as they should outperform even after the bear market rally for stocks comes to an end.
Gold is adding to recent gains, with the metal hitting its highest level since May 2018 as investors take comfort from a more accommodative U.S. monetary policy. Gold is up $3.70 an ounce on Thursday, to $1,323, and has now risen 3% so far this year. Among industry leaders, (NEM) (NEM) is up 20 cents, to $33.91, and Barrick Gold (GOLD) has risen 4 cents, to $13.09.
Russian gold and silver producer Polymetal said on Thursday it will focus on asset sales in 2019 rather than getting involved in industry consolidation. "The pressure from at least some of our shareholders has been to grow smaller or to grow more focused to reduce the number of assets in our portfolio," chief executive Vitaly Nesis said when asked if Polymetal might take part in M&A. This leaves London-listed Polymetal, which has a market capitalisation of $5.3 billion (4 billion pounds), going against the grain, with three of its small gold projects in Russia - Kutyn, Maminskoye and Veduga - as well as Lichkvaz in Armenia up for sale.