12.72 0.00 (0.00%)
After hours: 4:32PM EDT
|Bid||12.67 x 1200|
|Ask||12.74 x 46000|
|Day's Range||12.59 - 12.97|
|52 Week Range||9.53 - 16.30|
|Beta (3Y Monthly)||-0.90|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.12 (0.94%)|
|1y Target Est||13.94|
Barrick Gold (ABX) has significantly underperformed its peers in 2018. Its stock performance has, however, improved after the announcement of its merger with Randgold Resources (GOLD). Year-to-date, its stock has declined by 13.1%, which is similar to the decline seen by the VanEck Vectors Gold Miners ETF (GDX).
Barrick Gold (ABX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Barrick Gold Corp. (TSX:ABX)(NYSE:ABX) and other gold equities could be the big beneficiaries of a return to volatility in October.
Gold, Miners Have Surged on the Market Rout—What’s the Upside? In the current sell-off, technology companies (XLK) (SMH) are leading the decline. Investors’ stretched valuation concerns have been especially acute in the US tech space, meaning that tech stocks are much more vulnerable to higher interest rates.
Shares of Barrick Gold on the other hand were soaring along with other gold stocks as investors looked for a safe haven on concerns over the market falling and inflation. The lithium producer's IPO price was below expectations and first traded at $16.25 at 10:05 A.M. ET for 1.99 million share.
Buoyed by improved grade and throughput at Nevada, Barrick (ABX) projects higher production and sales in Q3. The company maintains full-year production and cost outlook.
Canada's Barrick Gold Corp , which recently announced a $6.1 billion (£4.6 billion) deal to acquire Randgold Resources Ltd , https://t.co/N7uaLM1tXK affirmed its 2018 gold and copper production forecast on Wednesday, reflecting improvements in operations. Citing preliminary data, Barrick said its 2018 effective tax rate was expected at about 48 to 50 percent, up from a previous forecast of 44 to 46 percent, because of lower-than-expected sales from lower-tax mines. In the third quarter, Barrick said it sold 1.2 million ounces of gold and 114 million pounds of copper, and produced 1.15 million ounces of gold and 106 million pounds of copper.
Canada's Barrick Gold Corp, which recently announced a $6.1 billion deal to acquire Randgold Resources Ltd, affirmed its 2018 gold and copper production forecast on Wednesday, reflecting improvements in operations. Citing preliminary data, Barrick said its 2018 effective tax rate was expected at about 48 to 50 percent, up from a previous forecast of 44 to 46 percent, because of lower-than-expected sales from lower-tax mines. In the third quarter, Barrick said it sold 1.2 million ounces of gold and 114 million pounds of copper, and produced 1.15 million ounces of gold and 106 million pounds of copper.
The average market price for gold in the third quarter was $1,213 per ounce, while the average market price for copper was $2.77 per pound. Preliminary third quarter gold sales of 1.20 million ounces, and gold production of 1.15 million ounces, were approximately 16 percent and 8 percent higher than the second quarter, respectively, primarily due to improved throughput and grade at Barrick Nevada.
Barrick Gold Corporation (ABX)(ABX.TO) (“Barrick”) announced today that it has filed its management information circular and related voting materials in connection with a special meeting of shareholders to be held on November 5, 2018. The purpose of the meeting is to approve the issuance of Barrick common shares in connection with the merger of Barrick and Randgold Resources Limited (“Randgold”), as previously announced on September 24, 2018, as well as to approve the continuance of Barrick to the Province of British Columbia. Shareholders of Barrick should receive these meeting materials by mail shortly.
Gold stocks companies like Goldcorp Inc. (TSX:G)(NYSE:GG) face near-term headwinds, but are ridiculously cheap and could roar higher as the quality of their businesses continues to improve.
Canadian mergers-and-acquisitions activity nearly doubled in the third quarter, fueled by deals in the mining, real estate and cannabis sectors, according to Thomson Reuters data released on Thursday. ...
THUNDER BAY, ON , Oct. 2, 2018 /CNW/ - PREMIER GOLD MINES LIMITED (TSX:PG) ("Premier", "the Company") is pleased to announce initial 2018 drilling results at the McCoy-Cove Project, ...
Barrick Gold said Monday that its executive chairman, John L. Thornton has bought $25.2 million worth of shares in the company.
All amounts expressed in U.S. dollars unless otherwise indicated. TORONTO, Oct. 01, 2018-- Barrick Gold Corporation today announced that Executive Chairman John L. Thornton has purchased 2,271,029 additional ...
Randgold Resources Ltd said on Friday that its proposed takeover by Canada's Barrick Gold would not introduce a new partner in Congo's Kibali project, as suggested by state miner Sokimo. Sokimo said earlier that it would "assert its rights" in Barrick Gold's acquisition of Randgold's stake in the Kibali mine in Democratic Republic of Congo, under a takeover deal, but did not clarify its plans. "There are no provisions in the joint venture agreement and the related documentation which give Sokimo any rights resulting from the proposed merger," Randgold said.
Kinross Gold has underperformed its peers YTD (year-to-date), returning -31.9% as of September 24. The VanEck Vectors Gold Miners ETF (GDX) has returned -19.1%, and the SPDR Gold Trust (GLD), which tracks gold’s physical price, has returned -8.2%. Kinross Gold’s second-quarter results were in line, but its lower revenues due to lower production disappointed investors.