ABX.TO - Barrick Gold Corporation

Toronto - Toronto Delayed Price. Currency in CAD
17.32
+0.23 (+1.35%)
As of 9:57AM EDT. Market open.
Stock chart is not supported by your current browser
Previous Close17.09
Open17.22
Bid17.31 x 0
Ask17.32 x 0
Day's Range17.09 - 17.35
52 Week Range14.26 - 22.92
Volume311,065
Avg. Volume2,439,529
Market Cap20.212B
Beta1.17
PE Ratio (TTM)14.08
EPS (TTM)1.23
Earnings DateJul 24, 2018 - Jul 30, 2018
Forward Dividend & Yield0.16 (0.96%)
Ex-Dividend DateN/A
1y Target Est16.66
  • How Economic Numbers and the US Dollar Downplayed Precious Metals
    Market Realist30 minutes ago

    How Economic Numbers and the US Dollar Downplayed Precious Metals

    The US Dollar Index (or DXY), which prices the dollar against a basket of six major world currencies, was up 0.36% on the day, and it’s risen almost 3.3% in the last month. The US dollar (UUP) remains a core determinant for gold and other precious metals. During the last month, gold and silver have fallen 2.5% and 1.4%, respectively.

  • Barrick (ABX) Up 2.2% Since Earnings Report: Can It Continue?
    Zacksyesterday

    Barrick (ABX) Up 2.2% Since Earnings Report: Can It Continue?

    Barrick (ABX) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • GlobeNewswire2 days ago

    Midas Gold Increases Board Size to Eight & Appoints an Additional Director

    Midas Gold Corp. (MAX.TO) (MDRPF) (“Midas Gold” or the “Company”) today announced that it has increased the size of its board of directors from seven to eight and appointed Mark Hill, Chief Investment Officer with Barrick Gold Corporation (ABX) (ABX) (“Barrick”) to fill the additional position.  The increase in board size and the appointment of a Barrick nominee to the board of directors is in accordance with the terms of the investor rights agreement entered into with Barrick in conjunction with the strategic investment by Barrick in Midas Gold that was completed on May 16, 2018.

  • Goldcorp Says Peru and Nevada Would Make Portfolio Perfect
    Bloomberg3 days ago

    Goldcorp Says Peru and Nevada Would Make Portfolio Perfect

    Goldcorp Inc. Chief Executive Officer David Garofalo says he’s happy with his company’s portfolio of assets, but that doesn’t mean he doesn’t have a wish list. In an ideal world, the company would have an asset in Nevada’s Carlin Trend. Barrick and Newmont are there and we should be there,” he said in an interview in Toronto, adding he’d also like to acquire something in Peru.

  • Market Realist3 days ago

    Are Analysts Optimistic about Miners?

    Despite the ongoing slump in the precious metals market, it seems that there could be hope going forward. The price targets of Wall Street analysts have portrayed some silent optimism.

  • These Mining Stocks Are Following Gold Closely
    Market Realist3 days ago

    These Mining Stocks Are Following Gold Closely

    In this part of the series, we’ll analyze the correlation of the mining stocks to gold. Gold is the most dominant of the four precious metals, and silver, platinum, and palladium are known to closely track the movement in gold. Also, precious metals, though they belong to the equity segment of the market, are more dependent on where precious metals move, especially gold.

  • Which Gold Miners Are Ray Dalio and John Paulson Betting On?
    Market Realist6 days ago

    Which Gold Miners Are Ray Dalio and John Paulson Betting On?

    Hedge funds increased their net positions in the SPDR Gold Shares ETF (GLD) during the first quarter. Gold miners haven’t kept the pace with broader equities and gold prices. In Can Gold Stocks Catch Up to Broader Equities and Gold Prices? we’ve highlighted what could help these miners catch up.

  • Barrick Gold Closes Strategic Investment in Midas Gold
    Zacks7 days ago

    Barrick Gold Closes Strategic Investment in Midas Gold

    Barrick Gold (ABX) acquires 19.9% stake in Midas Gold for roughly $38.1 million to advance the Stibnite Gold Project in Idaho.

  • US Yields Peak and Gold Slumps. Are the Dots Connecting?
    Market Realist7 days ago

    US Yields Peak and Gold Slumps. Are the Dots Connecting?

    US ten-year Treasury note yields (IEF) hit a high mark of approximately 3.1% today—a record since July 2011. Yesterday was also an up-day for US yields. The two-year Treasury note yield (SHY)(GOVT) hit a new multiyear high of approximately 2.6%—its highest level since August 11, 2008.

  • How the Dollar’s Surge Affected Precious Metals
    Market Realist7 days ago

    How the Dollar’s Surge Affected Precious Metals

    One of the most crucial factors causing a slump in the price of precious metals is the revival of the US dollar. The DXY, which prices the dollar against a basket of six major world currencies, rose 0.68% on May 15. The DXY gained 3.8% over the last month.

  • A Look at the Technicals of Miners in May
    Market Realist8 days ago

    A Look at the Technicals of Miners in May

    After reviving compared to their previous losses, the four precious metals are in negative territory again. The revival of the US dollar had a negative impact on precious metals and mining stocks during the past few weeks. The settling of the market’s unrest could have also caused a withdrawal of haven bids.

  • Could Investors Keep Pouring Money into Gold ETFs?
    Market Realist8 days ago

    Could Investors Keep Pouring Money into Gold ETFs?

    Gold ETF investors bought 173.4 tons of gold in 2017, which was 9% higher year-over-year. In 2018 year-to-date, the inflows in gold-backed ETFs have been strong. In times of increased volatility, investors are repositioning their portfolios to include more gold as a volatility hedge. Expectations of a global trade war triggered by President Trump’s import tariffs could lead investors to seek a haven in gold.

  • GlobeNewswire8 days ago

    Barrick completes Strategic Investment in Midas Gold to advance the Stibnite Gold Project, Idaho

    Barrick’s investment supports Midas Gold’s continued efforts to complete a feasibility study and permitting of the Stibnite Gold Project, a world class mining operation that can address legacy environmental impacts and generate economic benefits for the local community. Additional transaction details can be found in Midas Gold’s news release dated May 9, 2018 and in Midas Gold’s filings made on SEDAR, available at www.sedar.com. Haywood Securities Inc. acted as financial advisor to Midas Gold.  DuMoulin Black LLP acted as Canadian legal counsel to Midas Gold and Davies Ward Phillips & Vineberg LLP acted as Canadian legal counsel to Barrick.

  • Barrick Announces Conversion of Pueblo Viejo to Natural Gas
    Zacks9 days ago

    Barrick Announces Conversion of Pueblo Viejo to Natural Gas

    The deal between PVDC and AES Andres is likely to reduce the average cost of sales of the Pueblo Viejo mine and benefit Barrick Gold (ABX).

  • Market Realist9 days ago

    How Miners’ Technical Indicators Compare

    Precious metal mining companies typically follow precious metals. Last week, all four precious metals regained some strength.

  • How the Gold-Silver Ratio Is Moving
    Market Realist10 days ago

    How the Gold-Silver Ratio Is Moving

    When analyzing precious metals and precious metal mining companies, it’s essential to analyze the relationship between precious metals. There have been considerable ups and downs in precious metals since the beginning of 2018. Year-to-date, gold has risen 1.1%, and silver has fallen 2.2%.

  • What Sparked Precious Metals’ Revival
    Market Realist10 days ago

    What Sparked Precious Metals’ Revival

    All four precious metals appreciated on May 10, as forecast by RSI (relative strength index) scores the previous day. Gold rose 0.73% to $1,320.80 per ounce. Silver rose ~1.4% to $16.70, platinum rose 0.98% to $926.50, and palladium rose 2.4% to $1,002. Technicals and macroeconomic events boosted precious metals.

  • Reuters10 days ago

    CANADA STOCKS-Energy, financial shares drive gains on TSX

    Canada's main stock index rose to a more than three-month high on Monday, helped by gains in energy and financial shares. * At 9:44 a.m. ET (1344 GMT), the Toronto Stock Exchange's S&P/TSX Composite Index rose 56.12 points, or 0.35 percent, to 16,039.44. * Shares of Thomson Reuters rose 2 percent, boosting the financial index, after brokerage Canaccord Genuity upgraded the news and information company to "buy" from "hold".

  • Reuters10 days ago

    Glencore, Barrick expect prospecting licence for Tanzania nickel project

    Global miners Glencore and Barrick Gold expect to receive a prospecting licence for a nickel joint venture in Tanzania after the government cancelled its retention licence, Barrick said. The retention licence of the undeveloped Kabanga nickel project was one of 11 licences cancelled as part of enforcement of a new mining regulations which were approved in January. Retention licences are granted to mining companies that want to hold the rights to a deposit, but cannot develop that area immediately due to technical constraints, adverse market conditions or other economic factors.

  • GlobeNewswire10 days ago

    Barrick Announces Conversion of Pueblo Viejo Power Plant to Natural Gas

    Barrick Gold Corporation (ABX) (ABX.TO) (Barrick or the “Company”) today announced that Pueblo Viejo Dominicana Corporation (“PVDC”), operator of the Pueblo Viejo mine, has signed a 10-year natural gas supply contract with AES Andres DR, S.A. in the Dominican Republic that will enable the conversion of the Quisqueya I power generation facility from heavy fuel oil to natural gas. PVDC is a joint venture between Barrick (60 percent) and Goldcorp Inc. (40 percent).

  • Barrick, Glencore Expect to Get License for Tanzanian Project
    Bloomberg11 days ago

    Barrick, Glencore Expect to Get License for Tanzanian Project

    Executives at Barrick Gold Corp. and Glencore Plc expect to receive a new license for their joint venture Kabanga nickel project in Tanzania, having held “productive” talks with the government during the past several months, Barrick said Sunday. Under changes to Tanzania’s mining license structure put into place in January, Barrick and Glencore have applied for a prospecting license to replace the retention license they previously held on the undeveloped project. The retention license was due to expire in 2019, and the new license would be good for four years, Barrick spokesman Andy Lloyd said by email.

  • Reuters12 days ago

    Tanzania cancels licence of Barrick, Glencore nickel project

    Tanzania has revoked a retention licence for an undeveloped nickel project jointly owned by Barrick Gold Corp (ABX.TO) and London-listed miner Glencore Plc (GLEN.L) as part of enforcement of a new mining regime. The licence for the Kabanga nickel project in northwestern Tanzania was among 11 retention licences cancelled by the government under the Mining (Mineral Rights) Regulations of 2018, which were approved in January. A retention licence is granted to holders of a prospecting licence after they identify a mineral deposit within the prospecting area which is potentially of commercial significance but cannot be immediately developed due to technical constraints, adverse market conditions or other economic factors.

  • Reuters12 days ago

    Tanzania cancels licence of Barrick, Glencore nickel project

    Tanzania has revoked a retention licence for an undeveloped nickel project jointly owned by Barrick Gold Corp and London-listed miner Glencore Plc as part of enforcement of a new mining regime. The licence for the Kabanga nickel project in northwestern Tanzania was among 11 retention licences cancelled by the government under the Mining (Mineral Rights) Regulations of 2018, which were approved in January. A retention licence is granted to holders of a prospecting licence after they identify a mineral deposit within the prospecting area which is potentially of commercial significance but cannot be immediately developed due to technical constraints, adverse market conditions or other economic factors.

  • Barrick (ABX) Inks Deal to Acquire 19.9% Stake in Midas Gold
    Zacks14 days ago

    Barrick (ABX) Inks Deal to Acquire 19.9% Stake in Midas Gold

    Barrick Gold (ABX) invests roughly $38.1 million in Midas Gold to acquire 19.9% stake in the company.

  • What Led to Kinross Gold’s Impressive Cost Performance in 1Q18?
    Market Realist14 days ago

    What Led to Kinross Gold’s Impressive Cost Performance in 1Q18?

    Compared to its closest peers, Kinross Gold (KGC) has been a high-cost gold producer. As a result, Kinross is highly leveraged to gold prices compared to its peers (GDX) Goldcorp (GG), Barrick Gold (ABX), and Newmont Mining (NEM). In this part of the series, we’ll see how Kinross is trying to improve its unit costs.