|Bid||17.24 x 800|
|Ask||17.25 x 27000|
|Day's range||17.07 - 17.47|
|52-week range||9.53 - 17.48|
|Beta (3Y monthly)||-0.15|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||0.16 (0.92%)|
|1y target est||16.66|
Odey Asset Management intends to accept Barrick Gold’s increased offer for Acacia Mining, ending its opposition to the £950m deal. London-based Odey was one of the most vocal opponents of Barrick’s initial buyout proposal, which was originally pitched at an 8 per cent discount to Acacia’s share price. On Friday, Barrick increased its offer, raising the share exchange ratio to 0.168 of its shares from 0.153 originally, and winning a recommendation from Acacia’s board.
Twenty years after Morila started production, the Barrick owned and operated gold mines in Mali continue to make a major contribution to the country’s economy and lead the growth of its mining industry, president and chief executive Mark Bristow said here today. The Loulo-Gounkoto complex currently comprises the Yalea and Gara underground mines and the Gounkoto super pit, with a fourth mine in the form of an underground operation at Gounkoto at the feasibility study stage.
TONGON, Côte d’Ivoire, July 19, 2019 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (GOLD) (ABX.TO) is actively seeking to extend the life of its Tongon gold mine while at the same time exploring new opportunities elsewhere in Côte d’Ivoire, president and chief executive Mark Bristow said here today. Speaking at a briefing for local media visiting the mine, Bristow noted that Tongon was now in its 10th year of operations while its developer Randgold Resources, since merged with Barrick, had been involved in Côte d’Ivoire for more than 20 years, spending in excess of $90 million (CFA 52 billion) on exploration alone during that time.
The Zacks Analyst Blog Highlights: Kinross Gold, Franco-Nevada, Barrick Gold, New Gold and Newmont Goldcorp
While Eastman Chemical (EMN) faces demand weakness and currency headwind, it should gain from productivity actions and growth of high margin products in Q2.
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The blue-chip index ended up 0.2%, after climbing as much as 0.7%. The mid-cap FTSE 250 rose 0.4%, as Acacia Mining soared after agreeing to an increased buyout offer from Barrick Gold. Acacia surged more than 19% to 222.6 pence on its best day ever after Barrick , its largest shareholder, agreed to buy out the remaining shares in the company it does not already own at an implied value of 232 pence a share.
Barrick Gold Corp has struck a deal to buy out fellow shareholders in Acacia Mining after raising its offer to end a two-month standoff between the world's second biggest gold miner and its African unit. The deal was announced hours before a regulatory deadline for Barrick to make a firm bid or walk away. Barrick spun off Acacia in 2010, but still owns a 64% stake and said earlier this year it wanted to take back full control as it sought to resolve a protracted dispute between Acacia and Tanzania over valuable mining assets.
Barrick Gold has raised an offer that would give it full control of Acacia Mining, bowing to minority shareholders as it tries to resolve a tax dispute with the Tanzanian government. The higher offer, ...
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.
Barrick Gold Corporation (GOLD)(ABX.TO) announced today that it continues to make good progress on achieving its goals and objectives set out at the start of the year. Reflecting another solid operating performance across its portfolio, Barrick announced preliminary second quarter sales of 1.37 million ounces of gold and 96 million pounds of copper, as well as preliminary second quarter production of 1.35 million ounces of gold and 97 million pounds of copper. The average market price for gold in the second quarter was $1,309 per ounce, while the average market price for copper in the second quarter was $2.77 per pound.
Barrick Gold (GOLD) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.