|Bid||10.84 x 1100|
|Ask||0.00 x 36200|
|Day's Range||10.85 - 11.06|
|52 Week Range||9.75 - 15.55|
|Beta (3Y Monthly)||0.33|
|PE Ratio (TTM)||32.87|
|Forward Dividend & Yield||0.08 (0.73%)|
|1y Target Est||16.31|
Kinross Gold (KGC) has underperformed its peers YTD (year-to-date), returning -31.5%. The VanEck Vectors Gold Miners ETF (GDX) has returned -14.5%. The SPDR Gold Trust ETF (GLD), which tracks gold’s physical price, has returned -6.4%. Geopolitical concerns have kept the pressure on KGC in 2018.
According to Thomson Reuters, of the 19 analysts covering Newmont Mining (NEM), 58.0% recommended a “buy,” 37.0% recommended a “hold,” and 5.0% recommended a “sell.” Its target price implies an upside of 38.0% based on its current market price of $30.10. Analysts’ ratings for NEM stock haven’t changed much in the last few months.
Barrick Gold (ABX) has significantly underperformed its peers in 2018. Its stock performance has, however, improved after the announcement of its merger with Randgold Resources (GOLD). Year-to-date, its stock has declined by 13.1%, which is similar to the decline seen by the VanEck Vectors Gold Miners ETF (GDX).
Analysts’ Views: Is It Time to Look at Gold Miners? Of the 21 analysts covering Barrick Gold (ABX), only 14.0% recommend a “buy” for the stock, the lowest percentage of “buy” recommendations among the senior miner stocks (GDX). The decline in analysts’ optimism is mainly due to consistent issues at some of its mines.
This year started on a lukewarm note for gold and gold miners, and things started worsening after April. Gold prices have failed to draw a bid in 2018 despite many market uncertainties, including trade war tensions, the emerging market (EEM) currency crisis, and other geopolitical concerns.
White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the "Company") is pleased to announce that a new shallow zone of gold mineralization has been discovered on trend with the Golden Saddle deposit at the Golden Saddle West (“GS West”) target on its White Gold property, Yukon. The GS West target is located approximately 750m west of the Golden Saddle deposit, along a structural trend containing several other targets, including the high-grade Ryan’s Showing discovery announced September 6, 2018. Step out and infill drilling at Golden Saddle has also continued to return significant results, expanding the footprint and definition of the deposit.
Usually, gold miners are a leveraged play on gold prices, meaning that when gold prices rise, gold miners outperform the underlying commodity, and vice versa.
Gold, Miners Have Surged on the Market Rout—What’s the Upside? While gold miners have been out of favor for a long time, that may be about to change. As uncertainty in the market is increasing, gold prices are poised to rise.
I am writing today to help inform people who are new to the stock market and want to start learning about core concepts of fundamental analysis on practical examples from Read More...
In the world of physically backed gold ETFs, the SPDR Gold Shares ( GLD) is the world's largest. As is often the case when gold declines, shares of gold miners overshoot the commodity's decline. The VanEck Vectors Gold Miners ETF ( GDX), the largest gold miners ETF, is down 20.9% this year.
Most gold companies have ample flexibility to weather a slump in gold prices. Debt has been reduced to levels that are manageable at lower gold prices and many companies have no net debt. Mining costs exclude exploration, capital projects, and other administrative costs.
Kinross Gold has underperformed its peers YTD (year-to-date), returning -31.9% as of September 24. The VanEck Vectors Gold Miners ETF (GDX) has returned -19.1%, and the SPDR Gold Trust (GLD), which tracks gold’s physical price, has returned -8.2%. Kinross Gold’s second-quarter results were in line, but its lower revenues due to lower production disappointed investors.
VANCOUVER , Sept. 27, 2018 /PRNewswire/ - GOLDCORP INC . (TSX: G, NYSE: GG) will release its 2018 third quarter results after market close on Wednesday, October 24, 2018 , followed by a conference call ...
Goldcorp to Release 2018 Third Quarter Results on October 24th; Conference Call and Webcast on October 25th
According to the consensus compiled by Thomson Reuters, 22 analysts are currently covering Barrick Gold (ABX). Only 14% of them have recommended a “buy” for the stock, which is just higher than the “buy” recommendations for New Gold (NGD) among major gold miner stocks (GDX). About 77% of analysts have recommended a “hold” for Barrick Gold, and 9% have recommended a “sell.” Its target price of $14.10 implies an upside of 28% based on its current market price.
Currently, 20 Wall Street analysts are tracking Goldcorp (GG) stock. At the end of December 2017, the stock had “buy” ratings from 60% of analysts compared to 70% currently. Since the start of 2018, Goldcorp’s major upgrades have come from Credit Suisse, TD Securities, and Canaccord Genuity. Goldcorp (GG) has operations across Canada, the United States, Mexico, Central America, and South America.
According to the consensus compiled by Thomson Reuters, 77% of analysts covering Yamana Gold (AUY) stock have recommended a “buy,” while 15% have recommended a “hold.” AUY’s target price represents an upside potential of 58% based on its current market price of $3.90. Yamana’s “buy” ratings have improved to the current level of 77% from 31% a year ago. Yamana saw upgrades from Macquarie, National Bank Financial, GARP Research, GMP Securities, and BMO Capital Markets in 2018.
White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the "Company") is pleased to announce multiple high grade surface samples along strike from the recent Vertigo discovery and further expanding the footprint of the high grade mineralized system. Surface grab samples were taken on the Vertigo target along trend from the recently announced discovery hole which encountered 56.25 g/t Au over 3.05m within a broader intercept of 17.34 g/t Au over 10.67m from 3.05m depth (announced September 17, 2018) as well as on the undrilled Suspicion target area 4.1km along trend from Vertigo on the Company’s JP Ross Property, Yukon Canada.
On September 24, Barrick Gold (ABX) agreed to acquire Randgold Resources (GOLD) in a share-for-share deal. The merger would create an industry-leading gold company (GDX) with the greatest concentration of tier-one gold assets (GLD). See Barrick-Randgold Merger Would Create World’s Largest Gold Miner for more details. Today, Citi (C) analyst Alexander Hacking upgraded Barrick Gold (ABX) from “neutral” to “buy” and raised the target price from $11 to $14.
In an effort to become a more efficient gold miner while also remaining the world’s biggest, Barrick Gold (NYSE:ABX) announced Monday that it is buying Randgold Resources (NASDAQ:GOLD) for $6 billion in ABX stock. For every share of GOLD stock held, Rangold shareholders will receive 6.128 new shares of ABX stock. The merger solves some problems for Barrick while providing Randgold shareholders with the backing of an even bigger entity in the competitive gold mining arena.
The energy sector pushed Canada's main stock index up on Friday, as oil prices rose on supply concerns ahead of a meeting of OPEC and other large crude exporters. * The energy sector climbed 1.1 percent ...
The analyst at JPMorgan Chase & Co. (JPM) took action on gold mining stocks on Monday. JPMorgan maintained its neutral rating on Barrick Gold Corp. (ABX). The stock closed up 2.4% Monday, and the market capitalization is $12.09 billion.
LONGUEUIL, QC , Sept. 11, 2018 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or "the Company") (TSXV: AZM) is pleased to announce the start of a new exploration program on the Eleonore South JV Property (Azimut-Eastmain-Goldcorp) where a substantial gold-bearing system has been uncovered from 2016 to 2018. The adjacent property to the north west hosts the major Eleonore gold mine owned and operated by Goldcorp (see Figure 1).