|Bid||31.44 x 1200|
|Ask||31.45 x 1300|
|Day's Range||31.00 - 31.96|
|52 Week Range||29.06 - 42.04|
|Beta (3Y Monthly)||-0.40|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 20, 2019 - Feb 25, 2019|
|Forward Dividend & Yield||0.56 (1.63%)|
|1y Target Est||40.06|
Newmont Mining is not buying Goldcorp because it believes gold prices will rise, CEO Gary Goldberg says. Goldberg sees an opportunity to optimize Goldcorp's assets during a period of relatively low gold prices and consolidation. Newmont Mining NEM 's $10 billion purchase of Goldcorp G-CA does not mean the metals miner is making a bullish call on gold, according to CEO Gary Goldberg.
Goldcorp's (GG) gold production for the fourth quarter of 2018 was 25% higher sequentially. Also, the company achieves previously announced production and cost guidance for 2018.
On CNBC's "Mad Money Lightning Round" , Jim Cramer said that instead of Newmont Mining Corp (NYSE: NEM ), he would buy Barrick Gold Corp (NYSE: GOLD ). Cramer would stay away from U.S. Silica ...
Newmont Mining NEM has announced the acquisition of fellow senior producer Goldcorp GG , which would form the largest single gold miner in the world. Under the announced terms of the deal, Goldcorp shareholders will receive 0.3280 Newmont share and $0.02 in cash for each Goldcorp share they own, which represents a 17% premium on each company's 20-day volume-weighted average price before the announcement. In addition, Newmont has shown some recent operational successes with acquired assets, so it may be able to add better performance to the struggling Goldcorp.
Gold bugs have had a tough few years, but recent developments are getting them buzzing again. On Monday, Newmont Mining agreed to acquire Canadian rival Goldcorp for $10 billion in stock, creating the world’s largest gold miner. The tie-up comes just a few months after Barrick Gold’s merger with Randgold—creating what will now be the world’s No. 2 miner.
# Newmont Mining Corp ### NYSE:NEM View full report here! ## Summary * Perception of the company's creditworthiness is neutral * Bearish sentiment is low * Economic output in this company's sector is contracting ## Bearish sentiment Short interest | Positive Short interest is low for NEM with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. ## Money flow ETF/Index ownership | Neutral ETF activity is neutral. The net inflows of $13.22 billion over the last one-month into ETFs that hold NEM are not among the highest of the last year and have been slowing. ## Economic sentiment PMI by IHS Markit | Negative According to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Basic Materialsis falling. The rate of decline is significant relative to the trend shown over the past year. ## Credit worthiness Credit default swap | Neutral The current level displays a neutral indicator. NEM credit default swap spreads are within the middle of their range for the last three years. Please send all inquiries related to the report to email@example.com. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
The recent breakouts beyond key resistance levels on the charts used to follow the precious metals market suggest that prices are headed higher.
Per the deal, Newmont's (NEM) shareholders will own roughly 65% and Goldcorp shareholders will own around 35% of the combined entity.
In October, Goldcorp shares fell to their lowest since 2002 after the miner reported lower output and higher costs than expected. The merged company will have the world’s largest production and reserve base, and the kind of liquidity and diversified assets required to attract institutional investors, Stephen D. Walker, an analyst with RBC Capital markets, wrote in a research note.
“Holy camoly, I missed out on a great opportunity!” is how Bristow described anyone not involved in Barrick Gold Corp.’s purchase of Randgold Resources Ltd. in September. With Newmont Mining Corp. poised to become the No. 1 producer through a $10 billion takeover of Goldcorp Inc. announced Monday, the pressure on those left behind will be even greater. The newly combined companies are also expected to put several unloved assets up for sale, leaving lots of room for maneuvering by those that missed out on the dealmaking so far.
Rising gold prices and a hunt to boost additional reserves of the precious metal have spurred Newmont Mining Corp. and Barrick Gold Corp. to acquire rival companies and add more operations. “The thesis being offered is that bigger is better, and historically in the gold sector that hasn’t proven to be value creating for shareholders,” Jake Klein, executive chairman of Sydney-based Evolution Mining Ltd., said by phone on Tuesday. Mid-sized and small producers including Evolution and Canada’s Wesdome Gold Mines Ltd. are among those to have outperformed larger competitors over the past six years.
Newmont Mining Corp. agreed to buy rival Canadian gold producer Goldcorp Inc. in a $10 billion, all-stock deal, creating the world’s largest gold miner. The deal intensifies a consolidation wave triggered in part by languishing prices and dwindling supplies of easy-to-find gold, and comes on the heels of another gold-mining blockbuster: Barrick Gold Corp.’s agreement in September to buy Randgold Resources for $6 billion in an all-share merger. If Newmont consummates the Goldcorp deal, the new company, set to be based in Denver, will surpass Toronto-headquartered Barrick—its longtime rival—in production, a key industry metric.
The nation's largest utility says it is filing for Chapter 11 bankruptcy because it faces at least $30 billion in potential damages over the catastrophic wildfires in California that killed scores of people and destroyed thousands of homes. The move will allow Pacific Gas & Electric Corp. to hold off creditors and continue operating while it tries to put its finances in order. Eddie Lampert plays several often-conflicting roles in what could be the final chapter for the 132-year-old company.
Moody's Investors Service ("Moody's") says Newmont Mining Corporation's (Newmont -- Baa2, stable) announcement that it will acquire Goldcorp Inc. (Goldcorp - Baa3, RUR Up ) in a share-for-share merger valued at $10 billion is credit positive. The company will be renamed Newmont Goldcorp.
David Garofalo is eligible to collect at least $6.9 million, including as much as $4.6 million in severance and $464,000 in pension and benefits if he’s dismissed as chief executive officer of Goldcorp Inc. as a result of the planned merger, according to data compiled by Bloomberg. Newmont will pay a 17 percent premium to the 20-day weighted average share price of Goldcorp in a deal valued at $10 billion, creating the world’s largest gold miner.
Stocks that moved substantially or traded heavily Monday: Newmont Mining Corp., down $3.10 to $31.78 The company agreed to buy rival Goldcorp for $10 billion in a deal that will create the world's largest ...
reached an agreement to acquire Goldcorp Inc. Goldcorp shares were up 7.2% on Monday. Stocks fell on Monday, Jan. 14, the second consecutive day of declines, as surprisingly weak trade data from China added yet another level of concern over the health of the world's second-largest economy and added more pressure on the slow-moving trade talks between Washington and Beijing.
said Monday that it's agreed to an all-share takeover of Goldcorp Inc. With the inclusion of debt, the enterprise value of the deal is pegged at around $12.5 billion, with Newmont holding around 65% of the combined entity. "This combination will create the world's leading gold business with the best assets, people, prospects and value-creation opportunities," said Newmont CEO Gary Goldberg.