|Bid||15.38 x 0|
|Ask||15.43 x 0|
|Day's Range||15.36 - 15.80|
|52 Week Range||15.36 - 27.03|
|PE Ratio (TTM)||12.52|
|Earnings Date||Apr 23, 2018 - Apr 27, 2018|
|Forward Dividend & Yield||0.12 (0.84%)|
|1y Target Est||18.47|
Barrick Gold (Toronto:ABX.TO - News) on Thursday predicted lower gold production over the next decade, risking its rank as the world's biggest bullion producer, but executives insisted they will not make acquisitions simply to sate a call for growth. The Toronto-based company, whose output could be eclipsed this year by rival Newmont Mining Corp (NYSE:NEM - News), considered a number of deals over the past year that offered growth, but passed on them all, said Chairman John Thornton. While growth is a "conundrum" which Barrick has failed to deliver, "we will not yield to the pressure to 'just find something' in order to 'grow'," he said at the outset of a three-hour webcast presentation.
Newmont Mining Corp (:NEM.N) laid out plans on Thursday for new projects to grow gold production and cut costs, while reporting market-beating profits and output forecasts that position it to take the title of world's largest bullion producer in 2018. Newmont, whose 2017 production slightly lagged industry leader Barrick Gold (Toronto:ABX.TO - News), boosted its 2018 capital budget by $300 million, to $1.2-$1.3 billion, after approving a power project at an Australian mine and expansion of a joint venture mine in Nevada. Chief Executive Gary Goldberg said Newmont's efforts to attract a broader investor base, by sweetening its dividend and focusing on shareholder returns, is drawing increased interest from generalist investors.
TORONTO, Feb. 22, 2018-- Barrick Gold Corporation today outlined plans to maximize long-term value from the Company’ s portfolio of high-quality, long-life gold operations and projects. These assets are ...
With markets teetering sideways in recent weeks, gold miners such as Barrick Gold Corp. (TSX:ABX)(NYSE:ABX) can provide investors with a much-needed hedge to combat volatility.
Barrick Gold , the world's largest producer of gold, said on Thursday that it expects the U.S. tax reform to result in a net positive adjustment of approximately $200 million. Barrick also said it intends ...
Barrick Gold's (ABX) adjusted earnings in Q4 top the Zacks Consensus Estimate. It expects higher costs for Q1 due to lower grades at Barrick Nevada and scheduled maintenance at Pueblo Viejo.
NEW YORK, NY / ACCESSWIRE / February 15, 2018 / Barrick Gold Corporation (NYSE: ABX ) will be discussing their earnings results in their Q4 Earnings Call to be held on February 15, 2018 at 8:00 AM Eastern ...
Barrick, which reported quarterly earnings that matched market expectations, said its reserves of unmined gold dropped by 25 percent last year to 64.5 million ounces, as it sold off mine stakes and changed its plan for a South American asset. Toronto-based Barrick said it expects to produce between 4.5 million and 5 million ounces of gold this year, at a cost of between $765 and $815 an ounce on an all-in sustaining basis, the industry benchmark. Barrick is one of the industry's lowest cost producers.
Goldcorp (GG) got the earnings season for gold miners off to a nice start with fourth-quarter profits that beat the Bloomberg consensus by 17 cents. Then Barrick Gold (ABX), the world's biggest gold producer by ounces, reported an adjusted net earnings result of 22 cents a share, which beat the Bloomberg consensus estimate by a penny. Clearly Goldcorp, which Barron's touted in a lengthy feature story last month, has the most to crow about with its results.
Barrick, the world's biggest gold producer, said it expects to produce between 4.5 million and 5 million ounces of gold this year at a cost of between $765 and $815 an ounce on an all-in sustaining basis, the industry benchmark. Based on its currently-held assets, Toronto-based Barrick said it expects to produce an average of between 4.2 million and 4.6 million ounces of gold a year between 2019 and 2022 at all-in sustaining costs of $750 to $875 per ounce. In the fourth quarter, Barrick's adjusted net earnings were flat at $253 million, or 22 cents a share, from $255 million, or 22 cents a share, in the same period a year ago.
In 2017, Barrick reported net earnings attributable to equity holders of Barrick of $1.44 billion, and adjusted net earnings 1 of $876 million. The Company reported annual revenues of $8.37 billion, net ...
TORONTO, Feb. 14, 2018-- Barrick Gold Corporation today announced that its Board of Directors has declared a dividend for the quarter of U.S. 3 cents per share, payable on March 15, 2018, to shareholders ...
With Barrick scheduled to report on Feb 14 and Newmont reporting on Feb 22, its a good time to consider which is a better stock.
Gold miners such as Barrick Gold Corp. (TSX:ABX)(NYSE:ABX) remain intriguing long-term investment options, but not for the reason you would suspect.
Barrick (ABX) expects to record an estimated pretax impairment of $429 million at Pascua-Lama in Q4 due to reclassification of the project's reserves.
Barrick, the world's biggest gold miner by output, also said it had formed a working group with China's Shandong Gold to study a potential partnership at Pascua-Lama, which straddles the border of Chile and Argentina in the Andes Mountains. Barrick put the contentious gold and silver project on hold in 2013 due to environmental issues, political opposition, labor unrest and development costs that had ballooned to $8.5 billion. Last month, Chilean environmental regulators ordered Barrick to close existing infrastructure on the Chilean side of the project, where Barrick had originally planned to develop an open pit mine.
All amounts expressed in U.S. dollars. TORONTO, Feb. 06, 2018-- Barrick Gold Corporation today provided an update on the status of its Pascua-Lama project, located on the border between Argentina and Chile.. ...
Canada's main stock index slumped to a four-month low on Friday, with natural resource shares leading broad based declines as commodity prices dropped and higher bond yields pressured global equity markets. ...
Canada's main stock index fell on Monday, touching a six-week low as energy and other resource shares tumbled alongside commodity prices. - The Toronto Stock Exchange's S&P/TSX composite index ended down ...
Barrick Gold Corp. (TSX:ABX)(NYSE:ABX) and Goldcorp Inc. (TSX:G)(NYSE:GG) are two names to keep an eye on if you think the gold rally has legs.
All amounts expressed in Canadian dollars unless otherwise indicated. TORONTO, Jan. 24, 2018-- Barrick Gold Corporation announced today that it has entered into a subscription agreement to acquire 9,875,876 ...