|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||3.69 - 3.89|
|52 Week Range||3.35 - 4.91|
|PE Ratio (TTM)||10.97|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||5.32|
Small-caps and large-caps are wildly popular among investors; however, mid-cap stocks, such as Kinross Gold Corporation (TSX:K) with a market-capitalization of CA$5.99B, rarely draw their attention. However, history shows thatRead More...
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).
Could Interest Rates Pull Precious Metals Lower? The fall of equities across the globe could have also boosted precious metals. The unrest in the markets (VIXY) could provide a push for gold prices, as gold and silver are famously known as havens that rise during uncertainty.
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.
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.
Kinross (KGC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
TORONTO, March 15, 2018-- Kinross Gold Corporation announced today that it has adopted a new shareholder rights plan to take effect on March 29, 2018. The New Plan will replace the current shareholder ...
Penny Stocks are highly risky investments, although if picked correctly, they can also translate into very high returns. Most penny stocks trade over-the-counter and are quoted on separate boards, like the OTC Bulletin Board or OTC Link and have low trading volumes and may trade infrequently, which may create difficulties when selling the shares. However, […]
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.
As metals prices started weakening, investors shifted their focus from high-leverage miners (GDX) (GDXJ) to low-leverage miners with sound growth plans, leading miners to trim their balance sheets. After reducing its debt by $1.3 billion in 2016, Newmont Mining (NEM) reduced its net debt by ~$1.0 billion in 2017. It ended 4Q17 with net debt of $0.8 billion.
Mining stocks’ correlation with gold is crucial since gold is the big brother of precious metals. The directional move in the remaining three precious metals—silver, platinum, and palladium—often depends on gold. For our correlation analysis, we’ll look at AngloGold Ashanti (AU), Hecla Mining (HL), Kinross Gold (KGC), and Eldorado Gold (EGO). Mining-based funds also have a high correlation with precious metals.