Advertisement
Canada markets open in 3 hours 43 minutes
  • S&P/TSX

    21,873.72
    -138.00 (-0.63%)
     
  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     
  • DOW

    38,460.92
    -42.77 (-0.11%)
     
  • CAD/USD

    0.7312
    +0.0015 (+0.20%)
     
  • CRUDE OIL

    82.70
    -0.11 (-0.13%)
     
  • Bitcoin CAD

    87,398.34
    -3,355.55 (-3.70%)
     
  • CMC Crypto 200

    1,363.56
    -19.01 (-1.37%)
     
  • GOLD FUTURES

    2,337.30
    -1.10 (-0.05%)
     
  • RUSSELL 2000

    1,995.43
    -7.22 (-0.36%)
     
  • 10-Yr Bond

    4.6520
    +0.0540 (+1.17%)
     
  • NASDAQ futures

    17,515.50
    -149.00 (-0.84%)
     
  • VOLATILITY

    16.21
    +0.24 (+1.50%)
     
  • FTSE

    8,087.95
    +47.57 (+0.59%)
     
  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     
  • CAD/EUR

    0.6814
    -0.0005 (-0.07%)
     

Is the Barrick-Randgold Merger Enough of a Reason to Bet on ABX?

Is the Barrick-Randgold Merger Enough of a Reason to Bet on ABX?

The rises in Barrick Gold’s (ABX) and Randgold Resources’ (GOLD) stock prices following their merger announcement suggest that investors are happy with the merger and its potential synergies. On November 5, more than 99% of ABX’s shareholders approved its all-stock acquisition of GOLD. The question, however, remains as to whether the issues ailing Barrick Gold will all go away with this merger.