|Bid||13.51 x 0|
|Ask||13.60 x 0|
|Day's Range||13.48 - 13.90|
|52 Week Range||13.02 - 19.32|
|PE Ratio (TTM)||40.94|
|Earnings Date||Oct 23, 2018 - Oct 29, 2018|
|Forward Dividend & Yield||0.10 (0.78%)|
|1y Target Est||18.02|
On September 24, Barrick Gold (ABX) agreed to acquire Randgold Resources (GOLD) in a share-for-share deal. The merger would create an industry-leading gold company (GDX) with the greatest concentration of tier-one gold assets (GLD). See Barrick-Randgold Merger Would Create World’s Largest Gold Miner for more details. Today, Citi (C) analyst Alexander Hacking upgraded Barrick Gold (ABX) from “neutral” to “buy” and raised the target price from $11 to $14.
LONGUEUIL, QC, Sept. 11, 2018 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or "the Company") (TSXV: AZM) is pleased to announce the start of a new exploration program on the Eleonore South JV Property (Azimut-Eastmain-Goldcorp) where a substantial gold-bearing system has been uncovered from 2016 to 2018. The adjacent property to the north west hosts the major Eleonore gold mine owned and operated by Goldcorp (see Figure 1).
Innovation Accelerator Driven by Goldcorp to Return to PDAC 2019 VANCOUVER , Sept. 10, 2018 /CNW/ - GOLDCORP INC. (TSX:G, NYSE:GG) ("Goldcorp") is pleased to announce the third annual #DisruptMining ...
Goldcorp Inc.'s (TSX:G)(NYSE:GG) turnaround initiatives are gaining traction. It might me time to buy in.
In this article I am going to calculate the intrinsic value of Goldcorp Inc (TSE:G) by taking the expected future cash flows and discounting them to their present value. IRead More...
Not for Dissemination in the United States or for Distribution to U.S. VANCOUVER, British Columbia, Sept. 05, 2018-- Gold Standard Ventures Corp. is pleased to announce that it has closed the non-brokered ...
VANCOUVER, Sept. 4, 2018 /CNW/ - GOLDCORP INC. (TSX: G, NYSE: GG) ("Goldcorp" or the "Company") is pleased to report significant progress on key permitting and project milestones which will contribute both to our five-year 20/20/20 plan to increase gold production and gold reserves by 20%, while decreasing all-in sustaining costs per ounce by 20%, and to our Beyond 20/20 growth opportunities. "We continue to be impressed with our team's execution as we advance projects on time and on budget through the permitting and development process", said David Garofalo, President and Chief Executive Officer of Goldcorp. Goldcorp will hold a conference call related to our permitting updates and for Responsible Investors and environmental, social and governance (ESG) analysts on Thursday, September 6, 2018 at 11:00 a.m. Eastern time / 8:00 a.m. Pacific time to discuss its ESG practices, and sustainability goals described in the Company's 2017 Sustainability Report.
VANCOUVER, Aug. 31, 2018 /CNW/ - GOLDCORP INC. (TSX: G, NYSE: GG) is pleased to announce that its Board of Directors declared a third quarterly dividend for 2018 of $0.02 per share. Shareholders of record as of the close of business on Thursday, September 13, 2018 will be entitled to receive payment on Friday, September 21, 2018. The DRIP and enrollment forms are available on the Company's website, www.goldcorp.com, in the "Investor – Information for Shareholders" section under "Information about Dividends".
Citigroup (C) analyst Alexander Hacking upgraded Barrick Gold to “neutral” from “sell” on August 28. As reported by The Fly, Hacking mentions that he finds Barrick compelling, as its stock price has fallen ~30% in 2018. The target price for Agnico Eagles Mines (AEM) was reduced from $45 to $38, Goldcorp (GG) was reduced from $16 to $14, and Newmont Mining (NEM) was reduced from $42 to $36.
Gold Standard Ventures Corp. (TSX: GSV, NYSE AMERICAN: GSV) (“Gold Standard” or the “Company”) is pleased to announce a non-brokered private placement of up to 5,121,950 common shares in the capital of the Company (“Shares”) at a price of C$2.05 per Share (the “Offering Price”) for gross proceeds of up to C$10.5 million (the “Private Placement”). NYSE: GG) has confirmed they will acquire 2,926,829 Shares in the Private Placement and will own approximately 35,325,291 Shares of Gold Standard representing approximately 13.60% of the Company’s issued and outstanding Common Shares on a non-diluted basis following closing of the Private Placement (assuming an aggregate of 5,121,950 Shares are subscribed for under the Private Placement).
The average ratio of the NYSE Arca Gold Miners Index and the S&P 500 Index (SPY) is 0.18 compared to the ten-year average of 0.68. While the valuations of broader equities have continued to increase, the valuations of gold stocks haven’t kept the pace, and the ratio has fallen. In this article, we’ll see how individual gold miners look based on their valuations and compared to their histories and their peers.
Moving averages help traders and investors make market entry or exit decisions. Usually, if a stock is trading below its moving averages, it indicates that the stock is oversold, and vice versa. As we can see in the above table, all the gold miners we’re reviewing in this series are trading at discounts to their 50-day and 20-day moving averages based on their closing prices on August 17.
Now that we’ve considered analysts’ revenue estimates for the senior gold miners under review (GDX) in this series, let’s take a look at analysts’ EBITDA estimates.
Goldcorp (GG) reported earnings 30 days ago. What's next for the company? We take a look at earnings estimates for some clues.
In the previous article, we looked at analysts’ ratings for senior gold mining companies. In this article, we’ll look at analysts’ estimates for those companies’ (GDX) (JNUG) revenues going forward.
In this article, we’ll look at the market sentiments for these companies. We’ll look at analysts’ recommendations, target prices, and potential upsides or downsides for these gold miners.
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.
To a point, companies try to optimize their debt-to-equity mixes. In fact, it isn’t always bad to carry debt if a company can repay it through earnings.
Goldcorp Inc. (TSX:G)(NYSE:GG) stock may be a good contrarian play ahead of a potential soft Brexit. But what else do investors need to know?
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 4.6x and 3.7x, respectively. Goldcorp (GG) and Yamana Gold (AUY), on the other hand, have the lowest current ratios of 1.01x and 1.04x, respectively.
As precious metals 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 second quarter was ~$1 billion compared to $1.9 billion at the end of 2016. The improvement was due to its EBITDA improvement and net debt reduction.