12.18 +0.01 (0.08%)
After hours: 5:19PM EDT
|Bid||12.18 x 200|
|Ask||12.24 x 500|
|Day's range||12.14 - 12.38|
|52-week range||11.07 - 20.36|
|PE ratio (TTM)||9.89|
|Forward dividend & yield||0.12 (1.00%)|
|1y target est||16.18|
All amounts expressed in U.S. dollars. TORONTO, March 22, 2018-- Barrick Gold Corporation today reported that S&P Global Ratings has upgraded Barrick’ s long-term corporate credit rating to BBB from BBB-, ...
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 25% recommend “buy” for the stock, the lowest percentage of “buy” recommendations among senior miner stocks (GDX).
Among the senior mining companies under review in this series (GDX), Newmont Mining (NEM) is currently trading at the highest EV-to-forward EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiple of 8.3x. NEM is also trading at an 11% premium to its trailing-five-year average multiple and at a 30.4% premium to the peer average. Its strong project pipeline is also encouraging analysts to revise their estimates upward.
Now that we’ve looked at analysts’ revenue estimates for the senior gold miners under review (GDX), let’s take a look at analysts’ EBITDA (earnings before interest, tax, depreciation, and amortization) estimates for these companies. In line with the expected fall in Barrick Gold’s (ABX) 2018 revenue, analysts expect a fall of 7.2% YoY (year-over-year) in ABX’s EBITDA to $3.7 billion. Newmont Mining’s (NEM) EBITDA for 2018 is also expected to fall 0.8% YoY to $2.6 billion.
TORONTO, March 19, 2018-- Barrick Gold Corporation today announced the nomination of María Ignacia Benítez for election as a new independent director at the Company’ s 2018 Annual Meeting of Shareholders.. ...
As John Thornton approaches his fourth anniversary as executive chairman of Barrick Gold , he has transformed the once deal-hungry company into a leaner, more efficient miner. But his restructuring has ...
In this article, we’ll discuss the market sentiments for these companies. Among the senior gold miners under review (GDX) (GDXJ), analysts are most optimistic about Goldcorp (GG). It has the most “buy” ratings at 65%, with only 5% “sell” ratings.
Barrick Gold (ABX) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
All four precious metals witnessed a slump in their prices on March 15, 2018. The US dollar has been instrumental in pulling these precious metals lower. A country with a high interest rate should expect its currency to appreciate.
TORONTO, March 15, 2018-- Barrick Gold Corporation will release its First Quarter 2018 Results on April 23, 2018, followed by a conference call and webcast on April 24 at 8:00 am ET.. First Quarter Results ...
Are Upcoming Interest Rate Hikes Already Priced into Gold? Mining stocks are known to have a strong correlation with gold, as gold is the most crucial of all the four precious metals. For our correlation analysis, we’ll look at Randgold Resources (GOLD), Yamana Gold (AUY), Coeur Mining (CDE), and Barrick Gold (ABX). Mining-based funds also have a high correlation with precious metals.
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 on this front with ratios of 3.6x and 3.9x, respectively. Goldcorp (GG) and Yamana Gold (AUY), on the other hand, have the lowest current ratios of 0.9x and 1.0x, respectively.
As 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. After reducing its debt by $1.3 billion in 2016, Newmont Mining (NEM) reduced its net debt by ~$1.0 billion in 2017. It ended 4Q17 with net debt of $0.8 billion.
Gold miners (GDX) (GDXJ) have to compensate for every ounce they take out of the ground. While mines have finite lives, the companies operating them don’t, so it’s important to look at miners’ reserves and resource estimates and the assumptions used to calculate them. Goldcorp’s (GG) proven and probable gold reserves as of June 30, 2017, were 53.5 million ounces, an improvement of 26.5% YoY (year-over-year).