|Bid||17.67 x 0|
|Ask||17.67 x 0|
|Day's Range||17.55 - 18.04|
|52 Week Range||12.54 - 19.49|
|Beta (3Y Monthly)||-0.32|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 12, 2019 - Feb 18, 2019|
|Forward Dividend & Yield||0.37 (2.03%)|
|1y Target Est||13.81|
There’s at least one reason to hold on to investments like Aphria Inc. (TSX:APHA)(NYSE:APHA), and these similar stocks have it in common.
In a positive start to the year, Barrick Gold Corporation (GOLD) (ABX.TO) (“Barrick” or the “Company”) announced today it had made good progress in achieving its short-term goals as well as its full-year objectives during the first quarter. After setting a production record at the Kibali mine in 2018, the Company announced that the operation is on track for another record performance in 2019. Barrick is also rapidly progressing the implementation of the joint venture agreement signed with Newmont in March, which will create the world’s single-largest gold producer and allow both partners to realize the enormous potential of Nevada’s mineral endowment.
Some of the most active companies traded Tuesday on the Toronto Stock Exchange:Toronto Stock Exchange (16,502.20, down 13.26 points).Prometic Life Sciences. Inc. (TSX:PLI). Health care. Down half a cent, or 7.69 per cent, to six cents on 11.4 million shares.Aurora Cannabis Inc. (TSX:ACB). Health care. Up 45 cents, or 3.96 per cent, to $11.82 on 9.6 million shares.Village Farms International Inc. (TSX:VFF). Consumer discretionary. Down $1.85, or 10.86 per cent, to $15.18 on 8.9 million shares.Crescent Point Energy Corp. (TSX:CPG). Energy. Down 23 cents, or 4.08 per cent, to $5.41 on 7.9 million shares.Barrick Gold Corp. (TSX:ABX). Materials. Down 51 cents, or 2.79 per cent, to $17.74 on 7.3 million shares.Bombardier Inc. (TSX:BBD.B). Industrials. Up seven cents, or 2.66 per cent, to $2.70 on 5.9 million shares.Companies reporting:Canopy Growth Corp. (TSX:WEED). Up $1.15, or 2.1 per cent, to $55.55. Canopy Growth CEO Bruce Linton is expecting a “growth quarter” ahead and foresees the cannabis company will generate $1 billion in revenue during its next financial year. The Ontario licensed producer has ramped up the pace of its packaging and shipping processes and anticipates sales growth to accelerate by the final quarter of the calendar year as the number of legal retailers grows and edibles hit the market. Meanwhile, its venture capital arm, Canopy Rivers, acquired an 18.4 per cent stake in cosmetics company High Beauty Inc. for US$2.5 million and Spain-based cannabis licensed producer Canamo y Fibras Naturales, S.L. , also known as Cafina.SNC-Lavalin Inc. (TSX:SNC). Up 43 cents, or 1.25 per cent, to $34.75. An SNC-Lavalin joint venture has secured a contract valued at more than $1 billion to decommission three nuclear reactors at a power plant in New York. Comprehensive Decommissioning International LLC, owned 40 per cent by SNC-Lavalin and Holtec International, will start work to decommission the Indian Point site in Buchanan, N.Y., after it has been shut down, defuelled and sold in the third quarter of 2021. Entergy Corp. has agreed to sell the subsidiaries that own the three Indian Point units to a Holtec International subsidiary, subject to regulatory approvals. Holtec would complete the site's decommissioning decades sooner than if Entergy continued to own the plant.Bombardier Inc. (TSX:BBD.B). Bombardier's CEO says the continuation of its regional jet program hinges on whether the company can fill up the CRJ's partly blank order book. The plain-and-train-maker's backlog of 54 CRJ 900 planes extends only through the end of next year, according to Bombardier. Once a cash cow for the Montreal-based company, the CRJ now loses money, Alain Bellemare has said. For the past five years Embraer SA's E175 narrow-body aircraft has dominated the U.S. market, where the majority of regional jets are sold. The Canadian Press
Former U.S. Interior Secretary Ryan Zinke, who stepped down in December amid ethics investigations, has joined the board of junior mining exploration company U.S. Gold Corp, the company said on Tuesday. Zinke, who ran the Interior Department, which oversees America’s vast public lands, aggressively pursued President Donald Trump’s agenda to promote oil drilling and coal mining by expanding federal leasing, cutting royalty rates, and easing land protections despite environmental protests. "Zinke has a lot of credibility in the mining industry.
Kibali, ranked among the world’s Top 10 gold mines, has made a strong start to 2019 after setting a new production record last year, Barrick President and Chief Executive Officer Mark Bristow said here today. Barrick operates Kibali, which is a joint venture with AngloGold Ashanti and the Congolese parastatal SOKIMO. Speaking at a briefing for local media and stakeholders, Bristow said Kibali was continuing to break records en route to its 2019 guidance of 750,000 ounces, the latest being the 285,000 tonnes of ore hoisted through the shaft in March1.
TORONTO, April 15, 2019 -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) (“Barrick”) will release its First Quarter 2019 Results on May 8, 2019. President and CEO Mark Bristow.
There are plenty of gold stocks to choose from, but here are three worth your attention: Lundin Gold Inc (TSX:LUG), Barrick Gold Corp (TSX:ABX)(NYSE:GOLD), and Guyana Goldfields Inc. (TSX:GUY).
Newmont Mining shareholders on Thursday approved the company's $10 billion takeover of Goldcorp Inc which is set to create the world's biggest gold producer with assets across the Americas, Africa and Australia. About 98 percent of votes at a special meeting were in support of Newmont's proposal to issue new stock to fund its takeover of Goldcorp, the Denver-based company said in a statement. Goldcorp's investors voted to approve the acquisition last week.
Barrick Gold (TSX:ABX) (NYSE:ABX) and its peers look cheap right now if gold can extend it gains through the end of 2019. Here's why that might happen.
(Bloomberg) -- Barrick Gold Corp. could find itself partially liable for $600 million in additional debt if some Newmont Mining Corp. bondholders have their way.
Stacking shares in gold miners like Barrick Gold Corp. (TSX:ABX)(NYSE:GOLD) is the best way to replicate an emerging economy’s drive for increased stability.
While Thornton has overseen years of budget-slashing measures to pay down the miner’s debt, Mark Bristow, named Barrick’s chief executive officer in January following its acquisition of Randgold, also is known for a relentless focus on costs. An investor coalition spearheaded by billionaire John Paulson, the Shareholders’ Gold Council, has said executives should own more stock in their companies.
Barrick Gold Corporation (GOLD)(ABX.TO) (“Barrick” or the “Company”) says its merger with Randgold has accelerated the pace and increased the effectiveness of its progress towards its strategic goals. In its Information Circular for 2019, which is available now at www.barrick.com/investors/agm and has also been filed on SEDAR (www.sedar.com) and EDGAR (www.sec.gov), Executive Chairman John Thornton said key strategic initiatives have already been launched and the Company expects to deliver on all that the merger promised by the end of the current year. The Information Circular follows the publication of Barrick’s 2018 Annual Report, where newly-appointed President and Chief Executive Officer Mark Bristow outlined the steps already taken to achieve Barrick’s aim of becoming the world’s most valued gold business.
While some Goldcorp shareholders had voiced concerns in recent weeks, in the end there was little push back against blessing the biggest-ever corporate takeover in the gold sector's history, according to Refinitiv data. The deal, which would create a company with assets in the Americas, Africa and Australia, will be voted on by Newmont shareholders next Thursday. About 97 percent of Goldcorp's outstanding shares that were voted at a special meeting were cast in favor of the deal, the company said in a statement.
Greater than 97 percent of Goldcorp shareholders voted for the merger at a special meeting in Vancouver, the miner said Thursday in a statement. The deal would see Colorado-based Newmont pay 0.3280 of its shares for each Goldcorp share, plus two cents. The Goldcorp ballot required at least two-thirds of shareholders who voted to approve the deal.
A mix of political populism, higher commodity prices and the expectation electrification will spur demand for some raw materials has led resource-holding governments to change the rules for miners operating in their countries. In most cases, governments are seeking to increase their share of profits, rather than all-out resource nationalism, although Mongolia has been trying to nationalize a stake in a copper mine. Some governments see the hardened stance of other countries as a chance to lure investment.
Democratic Republic of Congo’s newly elected president Felix Tshisekedi and Barrick Gold Corporation’s Executive Chairman John Thornton today confirmed their partnership to develop the country’s gold mining industry in a meeting here during the president’s state visit to the United States. Barrick operates Kibali in the DRC, one of the world’s ten largest gold mines, and along with its joint venture partner AngloGold Ashanti is one of the major investors in the country. After the meeting, John Thornton said he had been encouraged by the president’s vision of attracting foreign investment and supporting the development of the DRC’s mining industry in a spirit of partnership.
Both Barrick Gold Corp. (TSX:ABX)(NYSE:GOLD) and Wheaton Precious Metals Corporation (TSX:WPM)(NYSE:WPM) have had a great start to the year, but which is the better buy?
Silvercorp Metals Inc. (TSX:SVM)(NYSE:SVM) and Barrick Gold Corp. (TSX:ABX)(NYSE:GOLD) have delivered on production targets and rising PM prices could send these stocks to new heights going forward.
Argentina’s economy is tanking with the central bank hiking interest rates to ease inflation and save the peso, the worst-performing currency in emerging markets. No matter who wins in October, the ground’s now tilled for a series of mining investments, said Mariano Lamothe, Argentina’s Undersecretary for Mining Development.