|Bid||0.00 x 800|
|Ask||0.00 x 1000|
|Day's Range||18.31 - 18.60|
|52 Week Range||13.33 - 18.86|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.07|
|Expense Ratio (net)||0.39%|
Checking In on Gold Miners Ahead of Their Q1 2019 Results(Continued from Prior Part)Earnings estimates Many gold miners (RING) are set to release their first-quarter results shortly. Analysts expect Barrick Gold’s (GOLD) EBITDA to rise 6.2% YoY
Gold miner stocks and sector-related ETFs strengthened Monday as gold prices climbed to a more-than-one-week high on a weakening U.S. dollar in response to data showing U.S. wage growth slowed last month. ...
Wall Street Is Loving these Five Gold Stocks Lately(Continued from Prior Part)Analysts’ ratings for Agnico Eagle MinesCurrently, 18 analysts are covering Agnico Eagle Mines (AEM), as per the consensus compiled by Thomson Reuters. AEM’s stock
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 Mining Stocks Could Have Upside Potential in 2019?(Continued from Prior Part)Earnings seasonDuring the fourth-quarter earnings season, there weren’t many clear earnings beats among gold miners (RING) (GDX). Out of the miners we are
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
Barrick Gold after the Randgold Merger: Upside in 2019?(Continued from Prior Part)Reserve replacement Gold miners (GDX) (SGDM) have faced ongoing concerns. They face the problem of compensating for every ounce they take out of the ground. Investors
The past few years haven't exactly been that great for the various gold stocks. In fact, it's been pretty lousy.Source: Shutterstock After gold prices crashed and stayed low for what seemed like a decade, the sector was basically dead money. The various gold miners were forced to pick up the pieces, pay down high debt loads and scrap by.But you wouldn't know that when looking at the gold stocks recently. The sector is a hotbed of activity as gold prices have surged higher. It's quickly becoming a hotbed of merger-and-buyout activity as well.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Blue-Chip Stocks to Lead the Market That includes the love triangle between Barrick Gold (NYSE:GOLD), Newmont Mining (NYSE:NEM) and Goldcorp. (NYSE:GG). The trio of top miners is locked in a battle of takeovers, hostile bids and saber rattling. The outcome of which could send the rest of the gold stocks into a tizzy.For investors looking seriously at gold, what happens to GOLD, GG and NEM are very important. Rising Prices, Rising M&A for the Gold StocksAs concerns about the health of the global economy are starting to bubble up to the surface, gold is starting to regain its luster. These days, an ounce of gold will set you back around $1330 per ounce. That's far cry from its peak, but still a very good increase from its post-recession lows.Perhaps, more importantly, it's at a level that the various gold stocks feel comfortable about turning a profit and making some big waves in the sector. With average all-in cash costs lower and precious metal prices much higher, the major gold stocks are opening their checkbooks and hunting for deals.This started with Barrick at the end of last year.Barrick made the move to acquire rival Randgold Resources for a cool $18.3 billion share-for-share deal. That buyout created the world's biggest gold mining firm. A firm that now owns five of the world's top tier one gold mines.The gave GOLD a huge advantage over its super-major rivals. So, naturally, other top gold stocks couldn't sit ideally by. With that, Newmont made a bid for struggling Goldcorp for a stock-for-stock transaction valued at $10 billion. That deal would create a worthy rival to Barrick and hold an equally impressive portfolio of mines, reserves and offer on the strongest dividends among gold stock.Here is where it gets interesting.Barrick decided that this NEM/GG deal would be detrimental to its bottom line and the threat wouldn't be easy to brush off. On that note, GOLD decided to make a hostile bid for Newmont for a whopping $17.8 billion in stock.If the buyout is successful, the deal would create the world's largest gold company with a value of around $42 billion at current market prices. The mega-sized gold stock would hold assets on almost every continent -- including Australia, Africa, the U.S. and Latin America.This isn't the first time that Barrick has tried to court Newmont in a merger/buyout. However, all other attempts haven't been successful mostly due to culture clashes at the two gold stocks.This time may not be any different as CEOs for both firms have stepped up their war of words. However, some major shareholders have backed the proposal. What It Really Does for the Gold StocksIf the Barrick/Newmont deal does go through, the size and scope of the new firm would put some fear into the rest of the sector. The combined company would hold immense scale, low costs and be able to pull around $7 billion in synergies. That's impressive. And even if GOLD isn't able to get its hands on NEM and Newmont buys Goldcorp, you're still looking at two massive gold producers.For everyone else in the sector, this a huge problem. Trying to compete with such massive entities tends to be a losing proposition. The solution to the problem is to get bigger themselves. All in all, this will lead to more M&A down the road.Top gold stocks like Agnico-Eagle Mines (NYSE:AEM), Kinross Gold (NYSE:KGC), Yamana Gold (NYSE:AUY) and even AngloGold Ashanti (NYSE:AU) are all now going to have to think big and think about how to grow in order to compete with the supermajors.For investors, this creates an interesting scenario. Already, many gold stocks have moved higher over the last year as prices for the precious metal have increased, profitability has improved and the situation in the sector isn't so dire.But now, with the majors starting to wheel and deal, and the middle tier firms being forced to think about acquisitions as well, the whole sector should start to trade at a bit of a buyout premium.This is sort of exactly what happened back in 2006/2007 when the last round of major gold stock M&A happened. Considering Gold Stocks for Your PortfolioSo, what's the portfolio answer?Betting on exchange-traded funds (ETFs) like the VanEck Vectors Junior Gold Miners ETF (NYSEARCA:GDXJ) or iShares MSCI Global Gold Miners ETF (NYSEARCA:RING) could be a good start.These ETFs feature a wide swath of those firms that could be doing the buying and those that could be bought-out over the next few quarters. Moreover, the ETFs makes it easy for investors and there's no need to pick specific winners.All in all, the Barrick/Newmont/Goldcorp saga is far from over. But its real contribution to the gold mining sector is more M&A. Mid-tier and smaller rivals will be forced to grow in order to compete. For investors, that should bring up the values of almost any gold stock with real assets and production.At the time of writing, Aaron Levitt did not hold a position in any stock mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Consumer Stocks to Buy and Hold for Years * 4 China Stocks Soaring on Trade Hopes * 3 Esports Stocks to Benefit From the Boom Compare Brokers The post Bet On Gold Stocks as the M&A Love Triangle Gets Interesting appeared first on InvestorPlace.
Can Newmont Mining Outperform Its Peers in 2019?(Continued from Prior Part)Reserve replacement Gold miners (GDX) (SGDM) face the problem of compensating for every ounce they take out of the ground. While mines have finite lives, the companies
The gold mining space has been heating up with three-way fight between the world's largest gold companies. This put spotlight on couple of ETFs having the three gold mining companies among their top five holdings.
Gold's recovery started months before the stock market's, and two gold mining ETFs are rallying toward 52-week highs and above buy points.
Digging into Gold Miners' Performances ahead of Their Q4 Results(Continued from Prior Part)Earnings estimates In this article, we’ll discuss what analysts expect for gold miners’ (RING) earnings in the fourth quarter of 2018. In line with their
Which Five Gold Stocks Are Analysts Loving So Far in 2019?(Continued from Prior Part)Analysts’ ratings for Agnico Eagle MinesOf the 18 analysts covering Agnico Eagle Mines (AEM), 83.0% have given it “buys,” while the remaining 17.0% have
The Zacks Analyst Blog Highlights: Market Vectors Gold, iShares MSCI, Invesco Global and Sprott Gold
Which Gold Miners Have Shown Upside Potential since Q3? One way to assess a company’s liquidity is to calculate its current ratio. Newmont Mining (NEM) is doing the best on this front with a ratio exceeding 4.0x.
Among the gold miners (RING) (GDX) we’re discussing in this series, Newmont Mining (NEM) and Barrick Gold (ABX) beat analysts’ earnings expectations in the third quarter. However, even for these two, the results weren’t out-and-out beats, as they slipped on top line expectations.
Kinross Gold’s (KGC) liquidity position at the end of the third quarter was reflected its strategic investments. The company had cash and cash equivalents of $500 million in the third quarter compared to $918.7 million at the end of the second quarter. This liquidity position is significant given that the company doesn’t have any debt maturity until 2021.