14.72 +0.11 (0.75%)
Pre-market: 4:19AM EST
|Bid||14.66 x 500|
|Ask||14.73 x 600|
|Day's range||14.55 - 15.12|
|52-week range||13.28 - 20.78|
|PE ratio (TTM)||7.86|
|Forward dividend & yield||0.12 (0.79%)|
|1y target est||18.25|
Zacks Industry Outlook Highlights: Barrick Gold, Franco-Nevada, Sandstorm Gold, Asanko Gold and Pershing Gold
Kinross Gold (KGC) has significantly outperformed gold prices (GLD), the overall gold miners’ index (GDX), as well as its peers in 2017. While the stock rose 38.9%, its close peers Newmont Mining (NEM), Barrick Gold (ABX), and Goldcorp (GG) returned 10.1%, -9.4%, and -6.1%, respectively. Kinross has shown an impressive operational performance in 2017 along with steady execution on its growth projects, which led to the outperformance of the stock.
Goldcorp (GG) has given negative returns in 2017. Its stock has lost 6.1% of its value as compared to a gain of 12.8% in the iShares Gold Trust (GLD) and 11.1% in the VanEck Vectors Gold Miners ETF (GDX). You can read These Factors Could Help Goldcorp Outperform Peers in 2018.
Goldcorp (GG) currently has “buy” ratings from 59% of the 22 analysts covering the stock, as per the consensus compiled by Thomson Reuters. Based on the mean target price and current market price, its stock has a higher upside potential of 29% as compared to its close peers (GDX) (NUGT) Barrick Gold (ABX) and Newmont Mining (NEM). The analyst sentiment seems to be improving for GG’s stock.
TORONTO, Jan. 11, 2018-- Barrick Gold Corporation will release its Fourth Quarter 2017 Results on February 14, 2018, followed by a conference call and webcast on February 15 at 8:00 am ET.. The Fourth ...
Barrick Gold (ABX) underperformed its peers and gold prices in 2017. While ABX’s stock returned -9.4% in 2017, gold prices rose by 12.8% and the VanEck Vectors Gold Miners ETF (GDX) rose by 11.1%. ABX’s close peers such as Newmont Mining (NEM), Goldcorp (GG), and Kinross Gold (KGC) returned 10.1%, -6.1%, and 38.9%, respectively.
In this series, we’ll discuss analyst ratings and recommendations for gold miners, starting with Barrick Gold. Of the 24 analysts covering Barrick Gold (ABX), only 29% have “buy” recommendations on the stock. Among the senior miner stocks (GDX), Barrick has the lowest percentage of “buy” recommendations. 63% of the analysts rate the stock as a “hold.” The remaining 8% recommend a “sell” for Barrick’s stock.
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If you like Newmont's gold-linked dividend, then you better check out Wheaton Precious Metals' dividend approach and business model.
The last trading day of 2017 witnessed an upswing in precious metal prices. Gold, silver, and platinum rose 0.94%, 1.4%, and 0.79%, respectively.
Along with 20% improvement in production and costs, Goldcorp (GG) laid out its plan in January 2017 to achieve a 20% increase in reserves by 2021.
Gold prices in 2017 rose 11% as of December 27, 2017. Gold’s investment appeal faded in 2017 with equities making higher highs.