|Bid||0.00 x 21500|
|Ask||0.00 x 1000|
|Day's Range||13.18 - 13.70|
|52 Week Range||11.52 - 1,332.62|
|Beta (3Y Monthly)||-0.78|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.28 (2.11%)|
|1y Target Est||14.34|
TORONTO, March 22, 2019 -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) (“Barrick”) today announced that its 2018 Annual Information Form, Form 40-F, and Annual Report are now.
“I think Paulson has a valid point,” said Joe Foster, a portfolio manager at VanEck -- one of the biggest Newmont shareholders. When the deal was inked, investors were unaware of the “outrageous payouts” that would be given to Goldcorp executives after the merger, he said. On top of that, it’s unfair that Goldcorp shareholders should benefit from a joint venture between Newmont and Barrick Gold Corp. in Nevada, given that was negotiated after the Goldcorp-Newmont terms were set, he said.
British Columbia Investment Management Corp (BCI) and Van Eck International Investors on Friday joined a growing chorus of shareholders expressing concerns about elements of Newmont Mining's $10 billion takeover of Goldcorp Inc. BCI said in a statement it will vote its Goldcorp shares against the deal, as it opposes the proposed $12 million retirement allowance the company intends to pay its Chairman Ian Telfer when the deal closes. VanEck is undecided on its vote but opposes the share of synergies from a recently announced joint venture between Newmont and Barrick Gold Corp that Goldcorp shareholders would receive, portfolio manager Joe Foster told Reuters.
Which Senior Gold Miners Are Analysts Loving Lately and Why?(Continued from Prior Part)Analysts’ earnings expectations Now that we’ve considered analysts’ revenue estimates for senior gold miners (GDX), in this article, let’s take a look at
Which Senior Gold Miners Are Analysts Loving Lately and Why?(Continued from Prior Part)Analysts’ forecastsIn the previous article, we looked at analysts’ ratings for senior gold mining companies. In this article, we’ll consider analysts’
John Paulson Opposes the Newmont-Goldcorp MergerNewmont-Goldcorp merger As reported by Reuters on March 21, in a letter to Newmont Mining’s (NEM) CEO, Paulson & Co. said it doesn’t favor Newmont Mining’s $10 billion merger with Goldcorp
The Golden Sunlight mine, operated by Barrick Gold Corporation (GOLD)(ABX.TO) (“Barrick” or the “Company”), has been approaching the end of its operational life in recent years, with the mine’s remaining gold reserves nearly depleted. The words “schedule”, “will”, “evaluate” and similar expressions identify forward-looking statements.
Which Gold Miners Are in Sound Financial Health after 2018?(Continued from Prior Part)Net debt-to-EBITDAIf a company has high debt but has the capacity to repay it through its earnings, then the debt likely won’t be much trouble for the company.
Which Gold Miners Are in Sound Financial Health after 2018?(Continued from Prior Part)Liquidity positions In addition to financial leverage, which helps assess a company’s long-term solvency, it is important to look at its short-term liquidity
Which Gold Miners Are in Sound Financial Health after 2018?(Continued from Prior Part)Strengthening balance sheetsNot many investors were concerned about gold miners’ (GDX) (GDXJ) financial health when precious metal prices were high. However, as
HENDERSON, NV / ACCESSWIRE / March 20, 2019 / Thanks to high gold prices and industry consolidation, 2019 looks like a big year for gold. Gold prices started to rally in late 2018 as economic and geopolitical ...
On Thursday, March 14, the Supreme Court of Chile annulled the October 2018 administrative decision of the Antofagasta Environmental Court, which had rejected four of the five closure orders issued by Chile’s environmental regulator (the Superintendencia del Medio Ambiente, or “SMA”) in January 2018 against the Chilean subsidiary of Barrick Gold Corporation (GOLD)(ABX.TO) (“Barrick”) that holds the Chilean portion of the Pascua-Lama Project. The Supreme Court overturned the Antofagasta Environmental Court’s decision on procedural grounds and remanded the case back to the Environmental Court for review by a different panel of judges, a process that could last several months.
Which Gold Mining Stocks Could Have Upside Potential in 2019?(Continued from Prior Part)Free cash flow FCF (free cash flow) generation is quite important for gold mining companies (SGDM) (GDX), as this excess cash helps them invest in projects,
Which Gold Mining Stocks Could Have Upside Potential in 2019?(Continued from Prior Part)All-in sustaining costs and gold minersAISC (all-in sustaining costs) is an encompassing measure that helps investors compare performances of gold miners. It
Which Gold Mining Stocks Could Have Upside Potential in 2019?(Continued from Prior Part)Long-term production growth The production growth for most miners (GDX) (JNUG) is either declining or flat at best. As the discoveries have become rarer, miners
Can Kinross Gold Stock Rise above Its Issues in 2019?(Continued from Prior Part)Liquidity position Kinross Gold’s (KGC) liquidity position at the end of the fourth quarter of 2018 reflected its strategic investments. Kinross invested a total of
Can Kinross Gold Stock Rise above Its Issues in 2019?(Continued from Prior Part)Reserve replacement Gold miners (GDX) (GDXJ) face the problem of compensating for every ounce they take out of the ground. While mines have finite lives, the companies
On March 11, 2019, Barrick Gold Corporation (GOLD)(ABX.TO) (“Barrick”) and Newmont Mining Corporation (NEM) (“Newmont”) signed an implementation agreement to create the world’s single largest gold producer at the Nevada complex, on completion of the joint venture (“JV”). “We are very excited about the prospects of the new Barrick. The merger with Randgold Resources has created significant value for shareholders, and the JV with Newmont is yet another catalyst which we believe will create further value for our shareholders and stakeholders.
Can Kinross Gold Stock Rise above Its Issues in 2019?(Continued from Prior Part)Fourth-quarter cost performance Kinross Gold (KGC) reported all-in sustaining costs of $961 per ounce in the fourth quarter, reflecting a decline of 5.7% YoY
was the chief of a midsize African gold miner wrestling with political interference. “What is amazing is that we were able to convince everyone that this was a good idea,” Mr. Bristow said of the Nevada partnership. The 60-year-old South African geologist has been a brash force in the mining industry ever since he turned around a financially-strapped junior miner in the 2000s with a winning bet on the West African country of Mali.
Can Kinross Gold Stock Rise above Its Issues in 2019?(Continued from Prior Part)Tasiast expansion The Tasiast expansion project is very important for Kinross Gold (KGC) when it comes to replacing its maturing production. The company completed the
Can Kinross Gold Stock Rise above Its Issues in 2019?Kinross Gold’s earnings performanceKinross Gold (KGC) released its fourth-quarter earnings results after the market closed on February 13 and held its conference call on February 14.The
Newmont-Goldcorp Merger: What to Expect from Combined Company(Continued from Prior Part)Barrick’s hostile bid for Newmont On February 25, Barrick Gold (GOLD) put in an unsolicited bid to acquire Newmont Mining (NEM), which did not offer any premium
Gary Goldberg tells Barron’s that he’s glad to have the partnership in the works and feels optimistic about the coming vote on its Goldcorp deal.