|Bid||11.12 x 41800|
|Ask||11.45 x 38500|
|Day's Range||11.15 - 11.49|
|52 Week Range||8.42 - 14.42|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||12.37|
Newmont and Goldcorp Merge, Form World’s Largest Gold Company(Continued from Prior Part)World’s largest gold-mining company The completion of the Newmont Mining (NEM) and Goldcorp (GG) merger on April 18 created the world’s largest gold
Newmont and Goldcorp Merge, Form World’s Largest Gold CompanyNewmont-Goldcorp merger On January 14, Newmont Mining (NEM) agreed to pay a 17% premium to acquire stock from Goldcorp (GG). However, there were several obstacles along the way before
TORONTO, April 18, 2019 /PRNewswire/ - Goldcorp Inc. (NYSE: GG, TSX: G) ("Goldcorp") and Newmont Goldcorp Corporation (NYSE: NEM, TSX: NGT) ("Newmont Goldcorp" or "the Company") today announced the successful conclusion of the transaction combining Newmont Mining Corporation and Goldcorp to form the world's leading gold business. Newmont Goldcorp features an unmatched portfolio of assets, prospects and talent.
Goldcorp (GG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Gold fell more than 1 per cent on Tuesday to its lowest level this year, dragging the share prices of many producers and explorers along for the ride. Down 1.1 per cent at $1,273.86 an ounce, the metal’s price was at its lowest level since December 26, when the stock market began to recover from a sharp sell-off that left it on the precipice of bear market territory. On the Toronto Stock Exchange, Barrick Gold was down 3.2 per cent and Goldcorp was off 1.5 per cent.
Newmont Mining Corporation today announced that it has extended the previously announced offers to exchange any and all outstanding notes issued by Goldcorp Inc.
VANCOUVER, April 12, 2019 /PRNewswire/ - Goldcorp Inc. (NYSE: GG, TSX: G) ("Goldcorp" or the "Company") today announced that Newmont Mining Corporation (NEM) ("Newmont") has received Investment Canada Act approval in connection with the previously-announced plan of arrangement (the "Arrangement"), whereby Newmont will acquire all outstanding common shares of Goldcorp. The arrangement has previously received shareholder approval and clearance under the Competition Act (Canada). Newmont and Goldcorp expect the transaction to close on April 18, 2019, subject the satisfaction of customary closing conditions.
Cannabis brand Canopy Growth Corporation (TSX: WEED) (NYSE: CGC ) announced it will join the S&P/TSX 60 Index, replacing Goldcorp Inc. (NYSE: GG ) on the Index. Canopy’s addition to the S&P/TSX 60 Index ...
Newmont Mining shareholders on Thursday approved the company's $10 billion takeover of Goldcorp Inc which is set to create the world's biggest gold producer with assets across the Americas, Africa and Australia. About 98 percent of votes at a special meeting were in support of Newmont's proposal to issue new stock to fund its takeover of Goldcorp, the Denver-based company said in a statement. Goldcorp's investors voted to approve the acquisition last week.
VANCOUVER , April 11, 2019 /CNW/ - Goldcorp Inc. (NYSE: GG, TSX: G) ("Goldcorp" or the "Company") today welcomed Newmont Mining Corporation's (NEM) ("Newmont") favorable shareholder vote in connection with the previously announced plan of arrangement (the "Transaction") to combine with Goldcorp at a special meeting of shareholders (the "Meeting") held earlier today. The issuance of the Newmont shares in connection with the Transaction was approved by greater than 98% of votes cast by Newmont shareholders, either in person or by proxy at the Meeting. In addition, the related resolution to increase Newmont's authorized common stock was approved by 76% of the shareholders.
Newmont Mining Corporation (NEM) (Newmont or the Company) today announced that the Company’s shareholders voted overwhelmingly to approve the authorization and issuance of Newmont common shares in connection with the proposed transaction with Goldcorp Inc. (NYSE: GG, TSX: G) (Goldcorp). On April 4, 2019, Goldcorp’s shareholders also voted overwhelmingly in support of the combination with more than 97 percent of votes cast in favor of the transaction.
(Bloomberg) -- Barrick Gold Corp. could find itself partially liable for $600 million in additional debt if some Newmont Mining Corp. bondholders have their way.
Swiss gold refiner Valcambi has lost a contract to refine around 4 million ounces of gold a year from Newmont Mining Corp, one of the world's biggest producers, five sources familiar with the matter told Reuters. U.S.-based Newmont put the contract up for tender last year and has split the business between three of Valcambi's rivals - Asahi in the United States and Argor-Heraeus and PAMP in Switzerland, the sources said. Valcambi, Argor-Heraeus, PAMP, Asahi and Newmont all declined to comment.
VANCOUVER , April 8, 2019 /CNW/ - Goldcorp Inc. (NYSE: GG, TSX: G) ("Goldcorp" or the "Company") and Newmont Mining Corporation (NEM) ("Newmont") are pleased to announce that Goldcorp has obtained a final order from the Ontario Superior Court of Justice (Commercial List) approving the previously announced plan of arrangement (the "Arrangement"), whereby Newmont will acquire all outstanding common shares of Goldcorp in exchange for 0.3280 of a share of Newmont common stock and $0.02 in cash for each Goldcorp common share.
Newmont (NEM) expects the deal to close in Q2, which is subject to approval by Newmont's shareholders along with satisfaction of customary closing conditions and regulatory approvals.
The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. THE GLOBE AND MAIL ** Goldcorp Inc shareholders have voted ...
Do you want to have your cake and eat it too? Or better yet, how about enjoying leadership and relative strength at the start of a new bull market? Then look no further than Wheaton Precious Metals (NYSE:WPM) stock to mint some big-time profits.Source: Shutterstock Has the market run its course? It's a popular question these days given the U.S. averages' stellar first-quarter run. But rather than simply run away in fear or run toward equities with open arms due to fear of missing out, purchasing streaming metals outfit Wheaton Precious Metals stock looks like a great hedged bet.Formerly known as Silver Wheaton Mining, WPM is in the business of purchasing metals via negotiated fixed-price contracts called streaming. And it's a good business to be in and for other investors taking stock in shares of Wheaton Precious Metals as well.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe low-cost deals in exchange for upfront capital, which Wheaton Precious Metals secures are with other producers such as Vale S.A. (NYSE:VALE), Goldcorp (NYSE:GG), Pan American Silver (NASDAQ:PAAS) and Barrick Gold (NYSE:ABX). * 10 Medical Marijuana Stocks to Cure Your Portfolio The business doesn't make WPM the proverbial house like Vegas, but these high margin contracts do allow WPM stock to offer investors stronger cost predictability, direct leverage to increasing precious metals prices and a high-quality asset base.Now with silver, gold and other metals finding price floors and WPM smartly diversifying and growing its portfolio away from silver in this overall stronger operating environment, conditions on the WPM stock chart also look good for investors interested in going long. Wheaton Precious Metals also has less risk and greater upside potential at current levels. WPM Stock Daily Chart Click to EnlargeWithin the metals complex, WPM stock has proven itself a technical leader in 2019. Shares have displayed relative strength compared to its peer group with a year-to-date gain of around 19%. But that's not all Wheaton Precious Metals stock has going for it.In 2019 and on the heels of confirming a combination double-bottom with an explosive mid-December bullish gap, WPM has minted an uptrend. The bullish foundation looks even more durable as the series of higher highs and lows began with a solid-looking breakout in January.The breakout sent shares firmly into bull territory after toiling in a congestion pattern with the longer-term, 200-day simple moving average for a handful of weeks. And Wheaton Precious Metals stock has never looked back.Now, with shares pulling back over the course of several sessions, it's time to consider buying WPM shares on weakness as technical support for the uptrend is tested. How would I approach a purchase of Wheaton Precious Metals stock in today's market? With Wheaton Precious Metal stock's stochastics oversold, but not yet showing a crossover signal, having a bit of constraint to avoid potentially catching a knife makes sense.Specifically and to help avoid any larger corrections, my suggestion is to simply wait for confirmation of a pivot low on the daily chart before buying WPM.If a buy trigger does occur but shares fail to follow-through on the upside, keeping a stop tethered to the trend's newly formed show of support makes a good deal of technical sense. This exit also offers investors stronger "cost predictability" in Wheaton Precious Metals stock and that makes it worth betting on here.Disclosure: Investment accounts under Christopher Tyler's management do not currently own positions in any securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional options-based strategies, related musings or to ask a question, you can find and follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Low-Priced Tech Stocks With Great Potential * 9 Stocks That Would Be Hurt By a Mexico/U.S. Border Closure * The Era of Car Ownership Is Over. And These 4 Charts Prove It Compare Brokers The post How to Extract Profits From Wheaton Precious Metals Stock appeared first on InvestorPlace.
Goldcorp shareholders approved Newmont Mining Corp's $10 billion takeover offer on Thursday, removing one of the last remaining hurdles to create the world's largest gold producer. While some Goldcorp shareholders had voiced concerns in recent weeks, in the end there was little push back against blessing the biggest-ever corporate takeover in the gold sector's history, according to Refinitiv data. The deal, which would create a company with assets in the Americas, Africa and Australia, will be voted on by Newmont shareholders next Thursday.
While some Goldcorp shareholders had voiced concerns in recent weeks, in the end there was little push back against blessing the biggest-ever corporate takeover in the gold sector's history, according to Refinitiv data. The deal, which would create a company with assets in the Americas, Africa and Australia, will be voted on by Newmont shareholders next Thursday. About 97 percent of Goldcorp's outstanding shares that were voted at a special meeting were cast in favor of the deal, the company said in a statement.