|Bid||34.57 x 1000|
|Ask||34.70 x 3000|
|Day's Range||33.55 - 34.80|
|52 Week Range||29.06 - 41.98|
|Beta (3Y Monthly)||-0.21|
|PE Ratio (TTM)||53.91|
|Earnings Date||Apr 24, 2019 - Apr 29, 2019|
|Forward Dividend & Yield||0.56 (1.63%)|
|1y Target Est||40.21|
“I think Paulson has a valid point,” said Joe Foster, a portfolio manager at VanEck -- one of the biggest Newmont shareholders. When the deal was inked, investors were unaware of the “outrageous payouts” that would be given to Goldcorp executives after the merger, he said. On top of that, it’s unfair that Goldcorp shareholders should benefit from a joint venture between Newmont and Barrick Gold Corp. in Nevada, given that was negotiated after the Goldcorp-Newmont terms were set, he said.
British Columbia Investment Management Corp (BCI) and Van Eck International Investors on Friday joined a growing chorus of shareholders expressing concerns about elements of Newmont Mining's $10 billion takeover of Goldcorp Inc. BCI said in a statement it will vote its Goldcorp shares against the deal, as it opposes the proposed $12 million retirement allowance the company intends to pay its Chairman Ian Telfer when the deal closes. VanEck is undecided on its vote but opposes the share of synergies from a recently announced joint venture between Newmont and Barrick Gold Corp that Goldcorp shareholders would receive, portfolio manager Joe Foster told Reuters.
Which Senior Gold Miners Are Analysts Loving Lately and Why?(Continued from Prior Part)Analysts’ earnings expectations Now that we’ve considered analysts’ revenue estimates for senior gold miners (GDX), in this article, let’s take a look at
Which Senior Gold Miners Are Analysts Loving Lately and Why?(Continued from Prior Part)Analysts’ forecastsIn the previous article, we looked at analysts’ ratings for senior gold mining companies. In this article, we’ll consider analysts’
Which Senior Gold Miners Are Analysts Loving Lately and Why?Market sentimentsIn this series, we’ll take a look at the market sentiments for senior gold miners. We’ll consider analysts’ recommendations, target prices, and estimates along with
One major concern is that Goldcorp shareholders are effectively receiving the benefits of the recently announced joint venture between Barrick Gold Corp. and Newmont for free, the hedge fund said Thursday in a statement. “Under the current terms, we are unable to support the transaction,” billionaire John Paulson and hedge fund partner Marcelo Kim said in a letter to Newmont Chief Executive Officer Gary Goldberg that was also sent to Newmont’s board of directors.
John Paulson Opposes the Newmont-Goldcorp Merger(Continued from Prior Part)Newmont-Goldcorp merger After the Newmont Mining (NEM) and Goldcorp (GG) merger was announced, investors were disappointed with the proposed premium announcement by Newmont
Paulson & Co Inc will not support Newmont Mining Corp's planned $10 billion takeover of rival Goldcorp Inc as the premium offered is unjustified, the investor said in a letter on Thursday. The transaction is dilutive to Newmont shareholders and only Goldcorp shareholders would benefit from the deal's synergies, Founder John Paulson and Partner Marcelo Kim said in the letter to Newmont Chief Executive Officer Gary Goldberg. Newmont made a friendly offer in January for Goldcorp in what would be the gold sector's biggest-ever takeover transaction, a bid to create the world's largest gold producer.
- Potential Synergies Are Transferred Solely to Goldcorp Shareholders Through Unjustified $1.5 Billion Premium - Goldcorp Receives Second Premium By Sharing Nevada JV Synergies - Deal Is Dilutive To Newmont ...
Which Gold Miners Are in Sound Financial Health after 2018?(Continued from Prior Part)Net debt-to-EBITDAIf a company has high debt but has the capacity to repay it through its earnings, then the debt likely won’t be much trouble for the company.
Which Gold Miners Are in Sound Financial Health after 2018?(Continued from Prior Part)Liquidity positions In addition to financial leverage, which helps assess a company’s long-term solvency, it is important to look at its short-term liquidity
Which Gold Miners Are in Sound Financial Health after 2018?(Continued from Prior Part)Strengthening balance sheetsNot many investors were concerned about gold miners’ (GDX) (GDXJ) financial health when precious metal prices were high. However, as
The VanEck Vectors Gold Miners ETF (GDX), the largest gold miners exchange traded fund, is up nearly 5% this year. Some of that gain is attributable to higher gold prices, but plenty of it can be tied to speculation pertaining to increased industry consolidation. GDX is comprised of global gold miners, with a notable tilt toward Canadian and U.S. mining companies.
HENDERSON, NV / ACCESSWIRE / March 20, 2019 / Thanks to high gold prices and industry consolidation, 2019 looks like a big year for gold. Gold prices started to rally in late 2018 as economic and geopolitical ...
Gunmen in Ethiopia have shot and killed five workers from a mining company in the restive west on Tuesday, residents said, with a TV station reporting two foreigners among the dead. State-affiliated Fana Broadcasting said on Twitter three Ethiopians and two foreign nationals had died in the incident early on Tuesday. The huge region is home to Ethiopia's largest ethnic group, the Oromo, and has at least four separate conflicts in addition to a border dispute constantly threatening violence.
Which Gold Mining Stocks Could Have Upside Potential in 2019?(Continued from Prior Part)Free cash flow FCF (free cash flow) generation is quite important for gold mining companies (SGDM) (GDX), as this excess cash helps them invest in projects,
Barrick and Newmont are pairing up in the U.S. to cut costs, but they still can't keep up with the low costs of some precious-metals companies.
Newmont Mining Corporation (NEM) (Newmont or the Company) today announced that, in connection with the anticipated combination of Newmont and Goldcorp Inc. (NYSE: GG, TSX: G) (“Goldcorp”), Newmont has commenced offers to exchange (each, an “Exchange Offer” and, collectively, the “Exchange Offers”) any and all outstanding notes issued by Goldcorp (the “Existing Goldcorp Notes”) for (1) up to $2,000,000,000 aggregate principal amount of new notes to be issued by Newmont (the “New Newmont Notes”) and (2) cash, in each case, as set forth in the table below.
Which Gold Mining Stocks Could Have Upside Potential in 2019?(Continued from Prior Part)Reserve replacement To achieve production growth in the long term, gold miners (GDX) (GDXJ) have to replace every ounce they take out of the ground. Therefore, to
Newmont Mining Corporation (NEM) (Newmont or the Company) today announced that the Tanami Power Project in Australia was completed safely and on schedule. The pipeline was built and will be maintained by Australian Gas Infrastructure Group, while the power stations were constructed and will be operated by Zenith Energy. Capital costs are estimated at approximately $245 million with annual cash lease payments over a 10-year term beginning in 2019.
Which Gold Mining Stocks Could Have Upside Potential in 2019?(Continued from Prior Part)Long-term production growth The production growth for most miners (GDX) (JNUG) is either declining or flat at best. As the discoveries have become rarer, miners