|Bid||16.93 x 0|
|Ask||16.96 x 0|
|Day's Range||16.81 - 16.99|
|52 Week Range||14.26 - 22.70|
|PE Ratio (TTM)||21.54|
|Earnings Date||Jul 25, 2018|
|Forward Dividend & Yield||0.16 (0.92%)|
|1y Target Est||16.67|
Gold is moving higher, despite a more aggressive stance on interest rate hikes by the U.S. Federal Reserve. Is it time to buy miners such as Barrick Gold Corp. (TSX:ABX)(NYSE:ABX)?
Gold prices haven't done much this year, but gold stocks have diverged quite a bit, with Barrick Gold (ABX) down some 9% since the start of 2018, while Newmont Mining (NEM) is up more than 3%. Given the stocks' relative performance, some investors may be tempted to scoop up Barrick, on the belief that it's gotten too cheap--but they should resist temptation, says Morgan Stanley's Piyush Sood. Sood argues that Barrick's underperformance looks set to continue through the rest of the year, and ahead of the company's final agreement with the government of Tanzania, he downgraded the shares to Underweight, and shaved $2 off his price target, to $12.
Today, WallStEquities.com takes a close look at the Gold space, which is engaged in the exploration and production of gold from mines. Gold companies are generally structured as corporations and have profits that are positively correlated with the price of gold. Lined up for review this morning are four stocks: Alamos Gold Inc. (NYSE: AGI), AngloGold Ashanti Ltd (NYSE: AU), B2Gold Corp. (NYSE AMER: BTG), and Barrick Gold Corp. (NYSE: ABX).
Barrick Gold Corporation (ABX)(ABX.TO) (“Barrick” or the “Company”) has published its annual Sustainability Report, which provides a detailed and transparent look at the Company’s environmental and social performance over the past year. “At Barrick, our sustainability strategy emphasizes partnerships with host governments and communities, to transform their natural resources into sustainable benefits and mutual prosperity,” said Peter Sinclair, Chief Sustainability Officer. “Doing so helps us gain local trust and confidence, leave a positive legacy, keep our operations running smoothly, and protect our ability to grow.
LONDON, UK / ACCESSWIRE / June 5, 2018 / Active-Investors free stock reports for this morning include these Toronto Exchanges' equities from the Metals & Mining industry: Barrick Gold, B2Gold, Goldcorp, and HudBay Minerals. The TSX Venture Exchange shaved off 4.18 points, or 0.55%, to finish at 761.76. Today's stocks of interest consist of: Barrick Gold Corporation (TSX: ABX), B2Gold Corporation (TSX: BTO), Goldcorp Inc. (TSX: G), and HudBay Minerals Inc. (TSX: HBM).
In the previous part of this series, we looked at Wall Street analysts’ ratings for gold mining companies. In this part, we’ll look at analysts’ estimates for those companies’ (GDX) (JNUG) revenues going forward. These forecasts can be valuable when it comes to assessing analysts’ views on gold prices (GLD).
NEW YORK, June 04, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Momo ...
FCF (free cash flow) generation is important for gold mining companies (SGDM) (GDX). This excess cash helps miners optimize their financial leverages, invest in projects that can drive long-term value, and provide shareholder returns.
Up to a point, companies try to optimize their debt-to-equity mixes. In fact, it isn’t always negative to carry debt if a company can repay it through earnings. We can gauge this repayment capacity for miners using certain ratios.
Which Gold Miners Could Show Upside Potential after Q1 2018? One way to assess a company’s liquidity is to calculate its current ratio. Newmont Mining (NEM) and Kinross Gold (KGC) are doing the best among senior miners with ratios of 4.2x and 4.1x, respectively.
Which Gold Miners Could Show Upside Potential after Q1 2018? As precious metal prices started weakening, investors shifted their focus from high-leverage miners (GDX) (GDXJ) to low-leverage miners with sound growth plans, leading miners to trim their balance sheets. Newmont Mining’s (NEM) net debt at the end of the first quarter was ~$1 billion compared to $1.9 billion at the end of 2016.
Which Gold Miners Could Show Upside Potential after Q1 2018? Since high debt levels can strain a company’s credit rating and growth decisions, it’s important to look at its financial leverage. Barrick Gold (ABX) and Newmont Mining (NEM) were once considered the companies with the highest financial leverage ratios.
Which Gold Miners Could Show Upside Potential after Q1 2018? AISC (all-in sustaining costs) is an encompassing measure that helps compare miners’ performances. The SPDR Gold Shares (GLD) is the largest physical gold-backed ETF and tracks the changes in physical gold prices.
After making discretionary cuts on exploration and capital expenditure for many years, gold miners (GDX) (JNUG) have started to refocus on production growth.
Which Gold Miners Could Show Upside Potential after Q1 2018? Barrick Gold (ABX) produced ~1.1 million ounces of gold in the first quarter, which reflects a decline of ~20% YoY. Barrick Gold has maintained its production guidance of 4.5 million–5 million ounces of gold in 2018, which implies a decline of ~11% compared to actual production in 2017 as measured at the midpoint.
Among the gold miners (RING) (GDX) we’re looking at in this series, only Goldcorp (GG) missed analysts’ earnings expectations. The reaction to the beats and misses and the extent of gold beats and misses varied among miners. In the broader equities market in the S&P 500 (SPY), 78% of miners that have released their first-quarter results have reported a positive earnings surprise, while 77% have reported a positive sales surprise. According to FactSet, these are the highest percentages since it started tracking the data in 2008.
After years of focused-debt reduction and improving operations, Barrick Gold Corp. (TSX:ABX)(NYSE:ABX) is emerging as a great precious metals investment.
Gold prices rebounded on Thursday, May 24, and futures contracts for June delivery rose 0.5% from the previous day’s close of $1,296.2 an ounce. Spot gold entered the $1,300 territory as the US dollar got weak. Adding to the global tensions, Turkey (TUR) was in focus yesterday with its currency, the lira, dropping almost 2% after a huge emergency interest rate hike failed to ameliorate its problems.
TORONTO, May 25, 2018-- Barrick Gold Corporation will release its Second Quarter 2018 Results on July 25, 2018, followed by a conference call and webcast on July 26 at 8:00 am ET.. Second Quarter Results ...
Though most of the time, mining companies are known to closely track the fluctuations in gold and silver, on May 23, while precious metals fell, most miners stayed afloat.
The US Dollar Index (or DXY), which prices the dollar against a basket of six major world currencies, was up 0.36% on the day, and it’s risen almost 3.3% in the last month. The US dollar (UUP) remains a core determinant for gold and other precious metals. During the last month, gold and silver have fallen 2.5% and 1.4%, respectively.
Barrick (ABX) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Midas Gold Corp. (MAX.TO) (MDRPF) (“Midas Gold” or the “Company”) today announced that it has increased the size of its board of directors from seven to eight and appointed Mark Hill, Chief Investment Officer with Barrick Gold Corporation (ABX) (ABX) (“Barrick”) to fill the additional position. The increase in board size and the appointment of a Barrick nominee to the board of directors is in accordance with the terms of the investor rights agreement entered into with Barrick in conjunction with the strategic investment by Barrick in Midas Gold that was completed on May 16, 2018.