32.66 0.00 (0.00%)
After hours: 4:47PM EDT
|Bid||0.00 x 900|
|Ask||0.00 x 2900|
|Day's Range||32.49 - 33.25|
|52 Week Range||29.16 - 42.04|
|Beta (3Y Monthly)||0.28|
|PE Ratio (TTM)||107.08|
|Earnings Date||Oct 25, 2018|
|Forward Dividend & Yield||0.56 (1.75%)|
|1y Target Est||41.58|
Stocks that moved substantially or traded heavily Monday: Harris Corp., up $18.38 to $173.25 The defense contractor said it will combine with competitor L3 Technologies in an all-stock deal. Autodesk Inc., ...
NEW YORK, Oct. 15, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
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.
NEW YORK, NY / ACCESSWIRE / October 12, 2018 / U.S. equities remained bearish on Thursday as worries over rising interest rate and sell-off in technology shares pressure major markets to lower. S&P 500 Index decreased 2.06 percent to close at 2,728.37 and the Nasdaq Composite Index closed down 1.25 percent to close at 7,329.06.
The biggest selloff in equities since February rolled through Asia and into Europe on Thursday, triggering steep losses in benchmark share indexes, but gold has barely stirred, while other havens from U.S. Treasuries to the Japanese yen and the Swiss franc showed only limited fluctuations. “Prices haven’t quite had the safe-haven bid many investors would have expected, though they have bounced from below $1,185 an ounce earlier in the week,” said Jordan Eliseo, chief economist at ABC Bullion in Sydney, referring to the precious metal.
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.
IUCN, International Union for Conservation of Nature, and Newmont Mining Corporation (NEM) (Newmont or the Company) have established a three-year collaborative agreement to identify ways the Company can meet its global targets to achieve no net loss in biodiversity, and net gains where possible. As part of the agreement, Newmont asked IUCN and its experts – including representatives of IUCN Member organizations and its Commissions – to conduct independent reviews at select mine sites using the IUCN Biodiversity Net Gain Protocol.
Stocks that moved substantially or traded heavily Monday: Eni SpA, down 96 cents to $36.61 Italian stocks sank after the country's new government said it would move forward with plans to increase spending ...
Newmont Mining Corporation (NEM) (Newmont or the Company) announced today that the Company won the Large Cap category at the National Association of Corporate Directors’ (NACD) inaugural NACD NXT Recognition Awards. Newmont was chosen from among 25 nominated boards of directors for excellence in harnessing board diversity and innovation as a strategy for creating long-term value.
Eldorado Gold (EGO) stock has seen rapidly deteriorating analyst sentiments in the past year. Currently, only 17% of the 13 Wall Street analysts covering the stock rate it a “buy.” That stands in sharp contrast to the ~50% “buy” ratings it had almost a year ago. Eldorado stock has lost 38.4% of its value year-to-date as of September 24.
The CEO of the Colorado mining company says deal talks are possible after the $6 billion Barrick-Randgold tie-up closes.
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.
Year-to-date, Coeur Mining (CDE) has almost matched the performance of the Silver Miners Index (SIL) with losses of 25%. Its peers Hecla Mining (HL), Pan American Silver (PAAS), and Newmont Mining (NEM) are also trying to increase production at the lowest possible cost. Among the major precious metal mining companies, Coeur Mining has the second-highest percentage of “buy” recommendations at 88%.
Newmont Mining Corp. Chief Executive Officer Gary Goldberg squashed speculation that Barrick Gold Corp.’s offer for Randgold Resources Ltd. would tempt Newmont to make its own play. Canada’s Barrick agreed on Monday to buy London-listed Randgold for about $5.4 billion, creating a global gold mining behemoth with a focus on Africa and the Americas in the biggest gold deal of the past three years. The news also revived speculation Barrick may return to the negotiating table with Newmont for a new tie-up after talks between the two collapsed in 2014 over differences on issues including the leadership of the combined company.
Barrick Gold Corp. (ABX) and Randgold Resources Ltd. (GOLD) have inked an agreement for a stock-for-stock merger. The announcement was released by both companies on Monday. Following the announcement, Barrick Gold Corp. soared 5.44% to $11.04 per share on the New York Stock Exchange and Randgold Resources Ltd. jumped 6.62% to $68.14 per share on the Nasdaq.
Barrick Gold's (ABX) latest deal with Randgold to create an industry-leading gold company with the highest concentration of Tier One Gold Assets.
Gold miners earned the ire of investors including billionaire hedge-fund manager John Paulson for entering into bad deals that destroyed shareholder value in the past. Barrick Gold Corp. Executive Chairman John Thornton said his company isn’t paying a premium under its agreement to buy Randgold Resources Ltd. The decision came after the company has been criticized for its “undisciplined growth and poor returns” in the past. Investors’ patience is being tested as mining companies struggle to strike a balance between protecting shareholder value and adding assets that could boost their output.