|Bid||0.00 x 4000|
|Ask||0.00 x 1200|
|Day's Range||38.91 - 39.83|
|52 Week Range||29.06 - 39.98|
|Beta (3Y Monthly)||-0.08|
|PE Ratio (TTM)||88.69|
|Earnings Date||Jul 25, 2019|
|Forward Dividend & Yield||0.56 (1.41%)|
|1y Target Est||44.15|
The Zacks Analyst Blog Highlights: Kinross Gold, Franco-Nevada, Barrick Gold, New Gold and Newmont Goldcorp
Newmont (NEM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Fed's rate cut hope, IMF's comment on U.S. dollar and jump in government yields due to fears of global slowdown had a combined positive effect on gold price.
The Zacks Analyst Blog Highlights: Northrop Grumman, Thermo Fisher Scientific, Newmont Goldcorp, Starbucks and CME
Fed's rate cut will not only make cheaper funds available to businesses and stock market investors, but also U.S. dollar less expensive in the international market.
Newmont (NEM) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Newmont (NEM) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Newmont Goldcorp Corporation (NYSE: NEM, TSX: NGT) (Newmont Goldcorp or the Company) today reported that partial underground operations at the Company’s Red Lake mine in Ontario, Canada will safely resume by Tuesday, July 9. Underground mining was proactively paused on July 3 to allow for the installation of additional controls to further protect workers in the event water entered the mine through an historic stope at the Cochenour complex which is part of Red Lake. Processing and other surface operations at the mine have continued uninterrupted and underground workers were temporarily reassigned to jobs at the mill and other surface facilities.
(Bloomberg) -- Barrick Gold Corp. is working with advisers to find a buyer for its Massawa gold project in Senegal, which it acquired as part of its purchase of Randgold Resources Ltd., people familiar with the matter said.The asset could fetch a value of about $500 million, the people said, asking not to be identified because the deliberations are private. The company aims to kick off a formal sale process shortly for part or all of its stake, the people said.Barrick is targeting $1.5 billion in asset sales through 2020 following the company’s $5.4 billion takeover of Randgold completed in January. The gold mining industry is consolidating quickly, and the biggest producers have been selling off smaller, unwanted assets as they merge.Acquisitions of gold miners are up nearly sixfold over the last 12 months to about $27 billion, according to data compiled by Bloomberg. No final decisions have been made, and there’s no certainty the deliberations will lead to a sale of the Massawa project, the people said.A spokeswoman for Barrick declined to comment.Barrick owns about 83% of the Massawa project, according to its website. The asset is located in eastern Senegal, about 700 kilometers (435 miles) southeast of the capital city of Dakar.Massawa is an an example of a project where Barrick could sell part of its stake to another miner operating nearby, Chief Executive Officer Mark Bristow said in a May interview. Other companies in the area include Toronto-listed Teranga Gold Corp. and closely held Toro Gold Ltd., Bristow said.Barrick walked away from a nearly $18 billion bid for Newmont Mining Corp. earlier this year, opting instead for a joint venture around the two companies’ Nevada mining assets. Newmont in April agreed to buy Goldcorp Inc. in a deal valued at $10 billion, becoming Newmont Goldcorp Corp. in the largest takeover of its kind.\--With assistance from Danielle Bochove and Doug Alexander.To contact the reporter on this story: Dinesh Nair in London at firstname.lastname@example.orgTo contact the editors responsible for this story: Aaron Kirchfeld at email@example.com, Amy Thomson, Ben ScentFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
BMO analyst Andrew Kaip upgraded Barrick Gold (GOLD) from “market perform” to “outperform” and raised its target price from $14.5 to $20.0.
Newmont (NEM) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Newmont Goldcorp Corp. (TSX:NGT)(NYSE:NEM) is streamlining its assets. Here's why that makes this a gold stock to buy for the long term.
Barrick Gold Corporation (GOLD) (ABX.TO) and Newmont Goldcorp Corporation (NEM) (TSX:NGT) have successfully concluded the transaction establishing Nevada Gold Mines LLC. The new company, owned 61.5% and operated by Barrick, and owned 38.5% by Newmont Goldcorp, was officially launched today.
Newmont beat analysts’ EPS first-quarter analysts’ estimate of $0.27 by $0.06. Its revenue, however, missed the estimate by $10 million, coming in at $1.8 billion.
VANCOUVER, June 27, 2019 /CNW/ - SSR Mining Inc. (NASDAQ:SSRM - News) (TSX:SSRM - News) ("SSR Mining") is pleased to announce it has acquired approximately 8,900 hectares contiguous to the Marigold mine in Nevada, U.S. comprised of a 100% interest in the Trenton Canyon and Buffalo Valley properties (the "Properties") from Newmont Goldcorp Corporation (NYSE:NEM - News) (TSX:NGT.TO - News) ("Newmont") and Fairmile Gold Mining, Inc ("Fairmile") for an aggregate purchase price of $22 million in cash and the grant to Newmont of a 0.5% net smelter returns ("NSR") royalty on each of the Properties, and the assumption of the long-term environmental and reclamation obligations for the Properties.
Newmont Goldcorp Corporation today announced it will report second quarter 2019 operations and financial results before the market opens on Thursday, July 25, 2019 and will hold a conference call at 10:00 a.m.
Newmont Goldcorp Corp. (TSX:NGT)(NYSE:NEM) is showing all the signs of being the number one contender for growth in the precious metals space.