12.85 +0.02 (0.16%)
After hours: 7:42PM EDT
|Bid||12.77 x 1400|
|Ask||12.83 x 27000|
|Day's Range||12.61 - 12.99|
|52 Week Range||9.53 - 14.54|
|Beta (3Y Monthly)||-0.80|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.28 (2.04%)|
|1y Target Est||14.41|
On CNBC's "Mad Money Lightning Round," Jim Cramer said he likes CarMax, Inc (NYSE: KMX ) in the auto dealerships space, but he will take a closer look at CarGurus Inc (NASDAQ: CARG ). Instead ...
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
Barrick Gold Corporation (GOLD)(ABX.TO) (“Barrick”) and Newmont Goldcorp Corporation (NEM)(TSX:NGT) (“Newmont Goldcorp”) today announced that their joint venture in Nevada, which will create the world’s largest gold producing complex, has cleared all the regulatory conditions required for its completion. The new business, yet to be named, will be owned 61.5% by Barrick and 38.5% by Newmont Goldcorp, and will be operated by Barrick.
Hedge Funds and other institutional investors have just completed filing their 13Fs with the Securities and Exchange Commission, revealing their equity portfolios as of the end of December. At Insider Monkey, we follow nearly 750 active hedge funds and notable investors and by analyzing their 13F filings, we can determine the stocks that they are […]
In a positive start to the year, Barrick Gold Corporation (GOLD) (ABX.TO) (“Barrick” or the “Company”) announced today it had made good progress in achieving its short-term goals as well as its full-year objectives during the first quarter. After setting a production record at the Kibali mine in 2018, the Company announced that the operation is on track for another record performance in 2019. Barrick is also rapidly progressing the implementation of the joint venture agreement signed with Newmont in March, which will create the world’s single-largest gold producer and allow both partners to realize the enormous potential of Nevada’s mineral endowment.
Kibali, ranked among the world’s Top 10 gold mines, has made a strong start to 2019 after setting a new production record last year, Barrick President and Chief Executive Officer Mark Bristow said here today. Barrick operates Kibali, which is a joint venture with AngloGold Ashanti and the Congolese parastatal SOKIMO. Speaking at a briefing for local media and stakeholders, Bristow said Kibali was continuing to break records en route to its 2019 guidance of 750,000 ounces, the latest being the 285,000 tonnes of ore hoisted through the shaft in March1.
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.
TORONTO, April 15, 2019 -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) (“Barrick”) will release its First Quarter 2019 Results on May 8, 2019. President and CEO Mark Bristow.
Will Yamana’s Chapada Mine Sale Improve Shareholder Returns?(Continued from Prior Part)Dividends to doubleYamana Gold (AUY) announced today that it has agreed to sell its Chapada mine to Lundin Gold (LUNMF) for $1 billion. Due to this
Why Is Deutsche Bank Bullish on Gold?(Continued from Prior Part)Deutsche Bank upgraded Barrick Gold Barron’s reported that Deutsche Bank (DB) analyst Chris Terry has increased gold’s (GLD) (IAU) target price to $1,350 per ounce for 2019. Due to
Barrick Gold (GOLD) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Why Is Deutsche Bank Bullish on Gold?Gold price performance Gold prices (GLD) have risen 0.5% YTD (year-to-date) as of April 12—compared to the gain of 16.1% in the S&P 500 Index (SPY). The Dow Jones Industrial Average Index (DIA) and the
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.
(Bloomberg) -- Barrick Gold Corp. could find itself partially liable for $600 million in additional debt if some Newmont Mining Corp. bondholders have their way.
Gold prices are up just 2% year to date. The VanEck Vectors Gold Miners ETF is up 8.5% this year, 3.5 percentage points worse than the gain in the Dow Jones Industrial Average, but some on Wall Street think the metal’s underperformance is about to end. Deutsche Bank analyst Chris Terry upgraded shares of (ABX) (ticker: GOLD) to Buy from Hold on Wednesday.
Gold's strong recovery - which has also been mirrored in the price movement of SPDR Gold Trust (NYSE: GLD), one of the world's leading gold-backed exchange traded funds (ETFs) - has primarily been driven by political and macroeconomic developments in the U.S., Europe and China.
While Thornton has overseen years of budget-slashing measures to pay down the miner’s debt, Mark Bristow, named Barrick’s chief executive officer in January following its acquisition of Randgold, also is known for a relentless focus on costs. An investor coalition spearheaded by billionaire John Paulson, the Shareholders’ Gold Council, has said executives should own more stock in their companies.
Barrick Gold Corporation (GOLD)(ABX.TO) (“Barrick” or the “Company”) says its merger with Randgold has accelerated the pace and increased the effectiveness of its progress towards its strategic goals. In its Information Circular for 2019, which is available now at www.barrick.com/investors/agm and has also been filed on SEDAR (www.sedar.com) and EDGAR (www.sec.gov), Executive Chairman John Thornton said key strategic initiatives have already been launched and the Company expects to deliver on all that the merger promised by the end of the current year. The Information Circular follows the publication of Barrick’s 2018 Annual Report, where newly-appointed President and Chief Executive Officer Mark Bristow outlined the steps already taken to achieve Barrick’s aim of becoming the world’s most valued gold business.
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.
Greater than 97 percent of Goldcorp shareholders voted for the merger at a special meeting in Vancouver, the miner said Thursday in a statement. The deal would see Colorado-based Newmont pay 0.3280 of its shares for each Goldcorp share, plus two cents. The Goldcorp ballot required at least two-thirds of shareholders who voted to approve the deal.