|Bid||18.35 x 1000|
|Ask||18.38 x 21500|
|Day's Range||18.02 - 18.42|
|52 Week Range||9.53 - 18.66|
|Beta (3Y Monthly)||-0.12|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.16 (0.87%)|
|1y Target Est||17.75|
TORONTO, ON / ACCESSWIRE / August 16, 2019 / Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) FORM 8 (DD) PUBLIC DEALING DISCLOSURE BY A PARTY TO AN OFFER OR PERSON ACTING IN CONCERT (INCLUDING DEALINGS ...
The Zacks Analyst Blog Highlights: Equity Lifestyle Properties, Equity Residential, Kinross Gold, Barrick Gold and Kirkland Lake Gold
U.S. inflation picks up in July as core prices strengthen. In such an inflationary environment, investors should buy real estate and gold which increase in value at a rate in excess of the rate of inflation.
Barrick (Niugini) Limited, the majority owner and operator of the Porgera Mine in Papua New Guinea, has donated K100,000 to the 2019 PNG Medical Symposium. “The care and expertise of the doctors, nurses and medical technicians who staff the nation’s hospitals and clinics are essential to the well-being of Papua New Guineans, and it is vital that Papua New Guinea has a world-class health framework to develop the knowledge and skills that its health professionals need,” said Woo Lee, Director of Barrick (Niugini) and President of Barrick (China). Lee noted that the Porgera Mine has a long-standing record of supporting healthcare near the Porgera Mine in the Enga Province through funding and infrastructural development.
The price of gold rose continues its rise, surpassing the $1,500-an-ounce mark earlier this month. Barrick Gold stock gained early Monday morning after reporting second-quarter earnings. Adjusted earnings and revenue met Wall Street’s expectations, and the company said it expects full-year gold production in the upper end of its prior outlook.
With Trump reluctant to strike a deal with China, and turmoil in Hong Kong and Argentina adding to trade tensions, the appeal for gold as a safe-haven asset has increased.
(Bloomberg) -- Eight months into his job, Barrick Gold Corp. CEO Mark Bristow is shopping, selling and negotiating his way through a complex portfolio of assets in a massive retrofit of the global miner.The chief executive officer of the world’s second-largest gold producer is pushing ahead with plans to sell about $1.5 billion in assets by the end of next year, while looking to buy more top-tier gold projects, in Canada and elsewhere, and invest in copper assets.After reporting positive second-quarter earnings, Bristow also flagged the possibility Newmont Goldcorp Corp., its partner in the Kalgoorlie open-pit gold mine, may be swayed to join Barrick in selling the entire Australian asset.“KCGM is for sale, straight up, we put the sign out,” Bristow said of its 50% stake in Kalgoorlie after Barrick released its second-quarter earnings statement. “Gary said to me, depending on the price he’ll sell it, buy it or partner it,” Bristow said, referring to Newmont CEO Gary Goldberg.“We would consider transactions to consolidate or divest our interest in KCGM under the right valuation terms,” Omar Jabara, a spokesman for Newmont, said by email. “Beyond that we are not able to speculate.”‘No Shortage’Goldberg has said he’d be interested in buying Barrick’s half of Kalgoorlie at the right price. During Monday’s interview, Bristow said Northern Star Resources Ltd. is “one of the front-runners” among companies that have expressed interest in Barrick’s stake.“We’ve got no shortage of interest in that asset -- it’s an icon in the gold industry,” Bristow said in an interview Monday, referring to Kalgoorlie. Barrick has engaged with Goldberg and “he needs to decide,” Bristow said.Barrick shares climbed as much as 2.9% in New York trading Monday after reporting that second-quarter revenue climbed 21% and costs this year will be at the lower end of forecasts. The company’s shares later closed 0.9% lower, trimming this year’s gain to 33%, still almost double the pace of bullion.Among countries targeted for deals, Barrick is keen to buy more mines in Canada and is actively looking for opportunities. “We’re under-invested in Canada: watch this space,” he said. “We don’t want to buy companies; we’re after assets.”To contact the reporters on this story: Danielle Bochove in Toronto at email@example.com;Vinicy Chan in Hong Kong at firstname.lastname@example.orgTo contact the editors responsible for this story: Luzi Ann Javier at email@example.com, Steven FrankFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
As gold enjoys something of a revival amid global recession fears, mining stocks have emerged as a popular play. Barrick Gold in particular has been hot, outperforming the gold ETF and surging after its latest financial reports.
The U.S.-listed shares of Barrick Gold Corp. shot up 1.9% toward a more than 2-year high in morning trading Monday, as in-line second-quarter profit and strength in gold prices helped trump a revenue miss. The gold miner reported earlier that it swung to net income of $194 million, or 11 cents a share, from a loss of $94 million, or 8 cents a share, in the year-ago period. Excluding non-recurring items, adjusted EPS rose to 9 cents from 7 cents, to match the FactSet consensus of 9 cents. Revenue rose 21% to $2.06 billion, but was below the FactSet consensus of $2.10 billion, as gold production increased 27% to 1.35 million ounces and copper production grew 17% to 97 million pounds. Meanwhile, continuous gold futures rose 0.4% toward a more than 2-year high, as concerns over rising U.S.-China trade tensions and global economic weakness drove investors into safe-haven assets, like gold. Barrick's stock, which is on track to close at the highest level since April 2017, has shot up 53.9% over the past three months, while the VanEck Vectors Gold Miners ETF has hiked up 46.1% and the S&P 500 has gained 0.8%.
The Toronto-based miner on Monday reported second-quarter earnings that were mostly in line with consensus estimates. Barrick Gold stock has thrived, gaining 34% since the start of 2019. Barrick Gold’s second quarter met Wall Street’s expectations.
U.S. stock futures plunged ahead of trading on concerns that the trade war could push the global and domestic economies into a full-blown recession
Barrick Gold stock has been strong this year, rallying more than 34%. After reporting earnings, shares hit new 52-week highs. Here's when to buy this red-hot gold play.
Barrick Gold (GOLD) delivered earnings and revenue surprises of -10.00% and -1.33%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Barrick Gold Corporation (NYSE: GOLD ) reported second-quarterly earnings of 9 cents per share. This is a 28.57% increase over earnings of 7 cents per share from the same period last year. In July, Barrick ...
Barrick Gold Corp is not actively seeking to sell its Tongon mine in Ivory Coast and the Massawa project in Senegal but will consider various options for both, Chief Executive Mark Bristow told Reuters on Monday. "We don't have a for-sale sign" at Tongon and Massawa, Bristow said in an interview in Toronto. While Barrick has said it will focus on its best-performing assets and look to divest the rest, it is also trying to extract more from its mines by stepping up exploration around them.
"We don't have a for-sale sign" at Tongon and Massawa, Bristow said in an interview in Toronto. While Barrick has said it will focus on its best-performing assets and look to divest the rest, it is also trying to extract more from its mines by stepping up exploration around them. The company is open to acquiring assets around Tongon from junior miners to extend its life, or selling the mine as part of a bigger transaction, possibly with Massawa, Bristow said.