|Bid||31.90 x 2200|
|Ask||31.91 x 4000|
|Day's Range||31.47 - 31.97|
|52 Week Range||29.06 - 39.65|
|Beta (3Y Monthly)||-0.28|
|PE Ratio (TTM)||72.05|
|Earnings Date||Jul 24, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||0.56 (1.80%)|
|1y Target Est||41.19|
A Look at These Gold Miners' Financial Health after Q1 Results(Continued from Prior Part)Liquidity positionsIn addition to financial leverage, which helps assess a company’s long-term solvency, it is important for investors to look at a
A Look at These Gold Miners' Financial Health after Q1 Results(Continued from Prior Part)Strengthening balance sheetsInvestors are usually not concerned about gold miners’ (GDX) (GDXJ) financial health when precious metal prices are high. However,
A Look at These Gold Miners' Financial Health after Q1 ResultsLeverage ratiosIn the gold mining space, it’s important for investors to keep an eye on miners’ DE (debt-to-equity) ratio. This ratio shows the mix of debt and equity in a
Ongoing stoppages at Newmont Goldcorp Corp's Penasquito gold mine in Mexico are costing "millions" every day to both public coffers and the company, a Mexican minister said on Thursday, urging a solution that will restart operations. Speaking to reporters in Mexico City, Francisco Quiroga, the deputy economy minister responsible for mining, said he wanted operations at the country's largest gold mine to continue. "Every day that it's shut, there are millions lost for the company and for public coffers," Quiroga told reporters.
Ongoing stoppages at Newmont Goldcorp Corp's Penasquito gold mine in Mexico are costing both public coffers in the country and the company "millions", a senior Mexican official said on Thursday. ...
Gold miners must focus on maximising returns and more mergers to attract investors seeking to diversify after years of under-investing in mines, Barrick Gold's chief executive said on Wednesday. "The industry is in decline and we have put ourselves in a very a tight spot because we haven't invested in exploration and our future," said Mark Bristow, who took the helm in January at Barrick after its takeover of Africa's Randgold. Gold miners have for years been accused of eroding profits through expensive deals but the takeovers of Randgold by Barrick and Goldcorp by Newmont Mining has spurred speculation about a pick up in long-dormant gold M&A.
Pure Gold, a Canadian miner looking to develop a high-grade gold project in Ontario, will start trading on the London Stock Exchange on Tuesday as it seeks to broaden its investor base and tap a larger pool of capital. The decision to take a dual listing in London comes as Canadian investors shun junior miners, preferring the buzz and growth potential of cannabis and cryptocurrency stocks, and will be closely watched by rivals in Toronto. Darin Labrenz, chief executive of Pure Gold, said Canada’s miners were facing a big structural shift in funding, which also reflected the increasing popularity of passive investing and exchange traded funds.
Friedland is in advanced talks with BHP, Newmont Goldcorp Corp. and Areva SA, that will see him move to develop the Nimba deposit on Guinea’s border with Liberia, said the people, who asked not to be identified as the talks are private. Mick Davis, who is seeking to develop a neighboring iron ore mine through his Niron Metals vehicle, is also interested in the project, according to people familiar with the situation. Friedland also declined to comment.
Iamgold’s plans could still change and there’s no guarantee it would succeed in selling itself, the people said. A representative for Iamgold declined to comment. Shares of Iamgold closed up 9.4%, valuing the company at about C$1.6 billion ($1.2 billion).
Canada's Iamgold Corp is exploring a possible sale of all or parts of the gold miner business, Bloomberg reported on Thursday, citing people familiar with the matter. The company, which has four operating gold mines, is working with advisers and has been in talks with several potential buyers, according to the report. Iamgold was not immediately available for comment.
Looking at the last time stocks crashed 20% last year suggests some trends of what might be more defensive stocks.
Gold miners offer more leverage to rising gold prices, typically gaining more than spot on flight-to-safety trading days. For investors looking for a gold play on the S&P 500, there was only one option. Rival Barrick Gold Corp. -- which bears the ticker ‘‘GOLD’’ -- rose 2.6%, about the same amount as newly merged Newmont Goldcorp (2.5%), but is not listed on the S&P 500.
Stocks that moved substantially or traded heavily on Monday: Teva Pharmaceuticals Ltd., down $2.13 to $12.23 The company allegedly conspired with other generic drugmakers to inflate and manipulate prices, ...
Gold and Miners Gain as Trade War Fear Makes a ComebackUS-China trade war escalatesThe US-China trade war just got more dangerous. After some optimism last week with the two sides appearing to approach some sort of agreement, markets seem to have
Newmont Goldcorp Corp. (NEM), Walgreens Boots Alliance Inc. (WBA), UBS Group AG (UBS), and Halliburton Co. (HAL) have declined to their respective three-year lows.
Nevada Gold Mines, the new joint venture between Barrick Gold Corporation (GOLD)(ABX.TO) (“Barrick”) and Newmont Goldcorp Corporation (NEM)(NGT.TO) (“Newmont Goldcorp”), is a classic case of the whole being more valuable than the sum of its parts, Barrick President and Chief Executive Officer Mark Bristow said today. At a presentation to local stakeholders, Bristow said the logic for combining the two companies’ Nevada assets has always been compelling, and now we are able to realize the potential by building on decades-long efforts to realize these synergies.
GT Gold Corp. ("GT Gold" or the “Company”) (GTT.V) is pleased to announce a C$17.6 million financing and strategic investment by Newmont Goldcorp Corporation (“Newmont Goldcorp”) (NYSE: NEM, TSX: NGT) which will accelerate the exploration and development activities at the Tatogga property in British Columbia. The financing will consist of a C$17.6 million private placement of 11,489,601 flow-through common shares priced at $1.53 per flow-through common share.
The gold sector has been anticipating a wave of asset sales in the wake of Barrick’s $5.4 billion acquisition of Randgold and a second mega-merger that created Newmont Goldcorp Corp. The newly combined giants were expected to put several unloved mines up for sale, leaving lots of room for maneuvering by company executives who have missed out on the dealmaking. “It’s not a fire-sale, it’s a considered process,” Bristow said in a separate interview with Bloomberg TV. The objective is for the sale process to be well advanced by mid-2020, Barrick said in its first-quarter earnings statement, its first results since its acquisition of Randgold was completed.
With gold bottoming my call is to buy Newmont up to its 200-day SMA at $32.37. Comex gold futures are above their 200-day simple moving average at $1,255.8 and I expect Newmont to catch up. Newmont is not cheap as its P/E ratio is 22.68 with a dividend yield of 1.87%, according to Macrotrends.
Winston Gold Corp. (“Winston Gold” or the “Corporation”) (CSE:WGC) (WGMCF) is pleased to announce that Mr. Joseph A. Carrabba, a Strategic Advisor to the Company, now holds 16.8% of Winston Gold Mining’s issued and outstanding shares. As a result, Mr. Carrabba is now considered an insider of the company. Mr. Carrabba has over 42 years of management and operational experience in the resource industry.
Gold prices have endured an up-and-down 2019 that has seen the yellow metal surge for the first couple months before sliding to a slight year-to-date loss. Still, gold stocks - the mining companies that actually produce the shiny commodity - are worth a look right now.A little exposure to gold can help your portfolio. And one way to get that exposure is via mining companies, whose results are heavily tied to the metal's price but can also stand out from one another based on their management, operational efficiency and economies of scale.Prices, while slightly lower this year, remain well off their two-year lows set in August 2018, sitting roughly in the middle of their three-year range. Moreover, gold and gold stocks remain a hedge against market, economic and geopolitical turmoil here and abroad. Choose your catalyst: failure to reach a trade deal with China, saber-rattling on the Korean peninsula, a no-deal Brexit, new Russian incursions. Any of these could help gold regain its moxie.Here are five gold stocks to buy to take advantage of additional sparks in the yellow metal. All five stand out as some of the best operators in the space, and all do something that gold itself can't do: pay cash dividends. SEE ALSO: 50 Top Stocks That Billionaires Love
Newmont Goldcorp Corp NYSE:NEMView full report here! Summary * Perception of the company's creditworthiness is positive * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is low and declining * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is low for NEM with fewer than 5% of shares on loan. Additionally, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on April 26. Money flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $206 million over the last one-month into ETFs that hold NEM are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS Markit | NegativeAccording 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 worthinessCredit default swap | PositiveThe current level displays a positive indicator. NEM credit default swap spreads are near the lowest level of the last three years and indicate the market's continued positive perception of the company's credit worthiness.Please send all inquiries related to the report to email@example.com.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.
According to GuruFocus list of 52-week lows, these guru stocks have reached their 52-week lows. The price of Walgreens Boots Alliance Inc. (WBA) shares has declined to close to the 52-week low of $54.08, which is 39.5% off the 52-week high of $86.31. The company has a market cap of $49.45 billion.