|Bid||4.81 x 0|
|Ask||4.82 x 0|
|Day's Range||4.7800 - 5.0100|
|52 Week Range||3.1500 - 5.3400|
|Beta (3Y Monthly)||0.45|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 7, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||4.22|
GOLD Proposes Framework for Resolution of Dispute in TanzaniaBarrick Gold’s proposed frameworkToday, Barrick Gold (GOLD) outlined a proposed framework for the resolution of the outstanding dispute between subsidiary Acacia Mining and the
What’s in the Cards for Newmont Mining’s Q4 Results?Newmont Mining’s earnings Newmont Mining (NEM) is scheduled to release its Q4 2018 earnings on February 21 before the market opens. The company will hold a conference call the same day at
Gold continues trending up. The bullion closed at $1,316.55 per troy ounce on the London market Friday, which was a 2.6% upside from the beginning of the year. The cumulative average of $1,298.72 per troy ounce for 2019 is 2.4% higher than the cumulative average of $1,268.49 per troy ounce for 2018.
Kinross Gold Beat Its Q4 Earnings EstimatesKinross Gold’s earnings Kinross Gold (KGC) released its fourth-quarter earnings results after the market closed on February 13. The company will hold its conference call on February 14. Kinross Gold
Yamana Gold: What's in the Cards for Q4 2018 Results?Yamana Gold’s performance Yamana Gold (AUY) stock has outperformed its peers (GDX) year-to-date. Until February 12, the stock has gained 12.5% against Agnico Eagle Mines’ (AEM), Kinross
The Toronto-based company said it had a loss of 2 cents per share. Earnings, adjusted for non-recurring costs, were 1 cent per share. The results surpassed Wall Street expectations. The average estimate ...
Achieves seventh consecutive year of meeting production and cost guidance Paracatu and Bald Mountain deliver record annual production; Tasiast achieves record quarterly.
Barrick Gold Tanks on Mixed ResultsBarrick Gold’s Q4 2018 earnings Barrick Gold (GOLD) reported its Q4 2018 and 2018 results today before markets opened. It reported adjusted EPS of $0.06 for Q4, slightly beating the consensus estimate of $0.05.
Investors Are Awaiting This Update from Kinross Gold's Q4 ResultsKGC’s underperformance After underperforming its peers (GDX) (NUGT) in 2018, Kinross Gold (KGC) has continued that underperformance this year. Its stock had returned 1.3% YTD
What to Look For in Barrick Gold’s Q4 Earnings(Continued from Prior Part)Critical asset reviewAfter the announcement of the merger, Barrick Gold (GOLD) and Randgold Resources stressed that the merger is a step towards improving shareholder
What to Look For in Barrick Gold’s Q4 Earnings(Continued from Prior Part)Tanzania tax dispute One of the major issues for Barrick Gold (GOLD) remains subsidiary Acacia’s tax dispute with the Tanzanian government. The government of Tanzania banned
What to Look For in Barrick Gold’s Q4 EarningsBarrick Gold’s merger with Randgold Barrick Gold (GOLD) announced its merger with Randgold Resources on September 24. Due to the perceived synergies, both the stocks gained after the news. Between the
Digging into Gold Miners' Performances ahead of Their Q4 Results(Continued from Prior Part)Analysts’ estimates for FCFInvestors are typically interested in gold mining companies’ (GDX) (GDXJ) ability to generate FCF (free cash flow) because it
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
Digging into Gold Miners' Performances ahead of Their Q4 Results(Continued from Prior Part)Analysts’ forecasts Analysts estimates for gold miners’ (GDX) revenues can give us a good idea about their gold price (GLD) outlooks as well as their
Digging into Gold Miners' Performances ahead of Their Q4 Results(Continued from Prior Part)The fewest “buy” ratings Among senior and intermediate miners (GDX) (JNUG), New Gold (NGD), Barrick Gold (GOLD), Eldorado Gold (EGO), and Kinross Gold
Which Five Gold Stocks Are Analysts Loving So Far in 2019?(Continued from Prior Part)Gold miners’ leveraged performance Gold miners are usually a leveraged play on gold prices. Even in 2018, as gold prices (GLD) fell 1.9%, the VanEck Vectors Gold
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On the other hand, we'd be remiss not to mention Read More...
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
# Kinross Gold Corp ### NYSE:KGC View full report here! ## Summary * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is low * Economic output in this company's sector is contracting ## Bearish sentiment Short interest | Positive Short interest is extremely low for KGC with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting KGC. ## Money flow ETF/Index ownership | Negative ETF activity is negative and may be weakening. The net inflows of $1.38 billion over the last one-month into ETFs that hold KGC are among the lowest of the last year and appear to be slowing. ## Economic sentiment PMI by IHS Markit | Negative According to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Basic Materialsis falling. The rate of decline is significant relative to the trend shown over the past year. ## Credit worthiness Credit default swap CDS data is not available for this security. Please send all inquiries related to the report to firstname.lastname@example.org. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Could the Newmont-Goldcorp Merger Form ‘The Go-To Gold Equity’?(Continued from Prior Part)Transaction highlightsNewmont Mining (NEM) and Goldcorp (GG) held a joint conference call on January 14 to brief investors and analysts about their merger,
TORONTO, Jan. 09, 2019 -- Kinross Gold Corporation (TSX:K; NYSE:KGC) will release its fourth quarter and 2018 full-year financial statements and operating results on Wednesday,.
Is Barrick Worth a Look after Its Merger with Randgold? (Continued from Prior Part) ## Valuation Among senior miners (GDX), Barrick (GOLD) has the second-highest EV-to-EBITDA (enterprise value-to-EBITDA) multiple of 6.6x, which represents a premium of 1% to its historical multiple. Its multiple has rerated since its announcement of its merger with Randgold Resources (GOLD) to form an industry-leading gold company (SGDM) with the greatest concentration of Tier 1 gold (GLD) assets. Since the announcement of the merger, GOLD’s multiple has expanded 18.5%. Among its peers, Newmont Mining (NEM), Goldcorp (GG), and Kinross Gold (KGC) are trading at multiples of 8.2x, 6.2x, and 4.9x, respectively. ## Catalysts As we discussed in Is the Barrick-Randgold Merger Enough of a Reason to Bet on ABX? Barrick’s costs are expected to fall, and its production profile is expected to improve on low-cost, high-quality assets after the merger. Since it owns five of the top ten Tier 1 assets in the world, its unit costs are expected to be significantly lower than its peers’. However, its new position will also add to its geopolitical risk. ## Problems to overcome Most of Randgold’s operations are in Africa. Due to many African countries’ rising resource nationalism and ambition to secure bigger shares in mining activities, many mining companies are facing difficult times operating in these jurisdictions. Political problems in these countries could add to Barrick’s operational risks. In addition, market participants worry that the working styles of John Thornton, the new company’s executive chair, and Mark Bristow, its CEO, will clash, leading to problems for the company down the line. As we discussed earlier in the series, the resolution of the company’s dispute with the Tanzanian government could be another major catalyst for its stock. To achieve further upside, the company will need to show more execution on its projects and resolve its disputes successfully. Browse this series on Market Realist: * Part 1 - Is Barrick Worth a Look after Its Merger with Randgold? * Part 2 - Will the GOLD Merger Expedite the Tanzania Dispute’s Resolution? * Part 3 - Barrick Could Emerge Leaner and Stronger after an Asset Review
Is Barrick Worth a Look after Its Merger with Randgold? (Continued from Prior Part) ## Factors affecting Barrick’s estimates Barrick Gold (GOLD) significantly outperformed its peers in 2018. Its stock performance improved after the announcement of its merger with Randgold Resources. Most analysts are positive about the new company’s prospects following the merger. However, they’re waiting for the combined entity’s execution on its stated priorities and its resolution of other matters, such as its Tanzanian tax issues. ## Analysts’ revenue estimates Wall Street analysts expect Barrick to see revenue of $7.3 billion in 2018, implying a 13.0% fall YoY (year-over-year). The company expects its production to fall 11.0% between 2017 and 2018. This expected fall in production has been the main driver of analysts’ lower revenue estimates for the company in 2018. For 2019 and 2020, however, analysts expect Barrick’s revenue to rise 11.9% and 1.0%, respectively, due to the merger of Barrick and Randgold. Prior to the merger, Barrick’s revenue profile was on the decline. Among Barrick’s close peers (GDX) (JNUG), Newmont Mining (NEM), Goldcorp (GG), Agnico Eagle Mines (AEM), and Kinross Gold (KGC) have strong production growth profiles. ## Earnings estimates Analysts expect rather impressive growth in EBITDA for Barrick post-2018 due to merger synergies. While the company’s expected EBITDA for 2018 is $2.97 billion, implying a fall of 26% YoY, its growth in 2019 and 2020 is expected to be 11.1% and 10.2%, respectively, higher mainly due to the expectation of cost improvements in the new company. Continue to Next Part Browse this series on Market Realist: * Part 1 - Is Barrick Worth a Look after Its Merger with Randgold? * Part 2 - Will the GOLD Merger Expedite the Tanzania Dispute’s Resolution? * Part 3 - Barrick Could Emerge Leaner and Stronger after an Asset Review