|Bid||33.05 x 800|
|Ask||33.05 x 3200|
|Day's range||32.87 - 34.22|
|52-week range||29.06 - 41.49|
|Beta (3Y monthly)||-0.26|
|PE ratio (TTM)||51.63|
|Earnings date||25 Apr 2019|
|Forward dividend & yield||0.56 (1.57%)|
|1y target est||40.91|
Newmont Goldcorp Corporation today announced the expiration and final results of the offers to exchange any and all outstanding notes issued by Goldcorp Inc.
Newmont (NEM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Newmont Goldcorp Corporation (NYSE: NEM, TSX: NGT) (Newmont Goldcorp or the Company) today announced the successful conclusion of its transaction combining Newmont Mining Corporation and Goldcorp Inc. to form the world’s leading gold business. Newmont Goldcorp will also offer investors the highest annual dividend and the largest Reserves and Resources per share among senior gold producers. “We’ve met our goal to become the world’s leading gold business, and we’ll maintain that position by executing our winning strategy,” said Gary J. Goldberg, Chief Executive Officer.
Investorideas.com, a global investor news source covering mining stocks releases a snapshot looking at the gold-mining segment and companies making moves to set themselves up for a possible “spring” gold rally. In a recent article from Mining.com, “The gold miners’ stocks are still marching, grinding higher on balance in a solid upleg. After consolidating high and establishing a sturdy base, the gold miners are likely to soon report greatly-improved first-quarter results.
Will Yamana’s Chapada Mine Sale Improve Shareholder Returns?(Continued from Prior Part)Dividends to doubleYamana Gold (AUY) announced today that it has agreed to sell its Chapada mine to Lundin Gold (LUNMF) for $1 billion. Due to this
Why Is Deutsche Bank Bullish on Gold?(Continued from Prior Part)Deutsche Bank upgraded Barrick Gold Barron’s reported that Deutsche Bank (DB) analyst Chris Terry has increased gold’s (GLD) (IAU) target price to $1,350 per ounce for 2019. Due to
Why Is Deutsche Bank Bullish on Gold?Gold price performance Gold prices (GLD) have risen 0.5% YTD (year-to-date) as of April 12—compared to the gain of 16.1% in the S&P 500 Index (SPY). The Dow Jones Industrial Average Index (DIA) and the
Newmont (NEM) and Goldcorp expect the transaction to close on Apr 18, 2019, which is subject to customary closing conditions.
Newmont Mining Corporation today announced that it has extended the previously announced offers to exchange any and all outstanding notes issued by Goldcorp Inc.
VANCOUVER , April 12, 2019 /CNW/ - Goldcorp Inc. (NYSE: GG, TSX: G) ("Goldcorp" or the "Company") today announced that Newmont Mining Corporation (NEM) ("Newmont") has received Investment Canada Act approval in connection with the previously-announced plan of arrangement (the "Arrangement"), whereby Newmont will acquire all outstanding common shares of Goldcorp. The arrangement has previously received shareholder approval and clearance under the Competition Act ( Canada ). Newmont and Goldcorp expect the transaction to close on April 18, 2019 , subject the satisfaction of customary closing conditions.
Newmont Mining Corporation (NEM) (Newmont or the Company) today announced that the Minister of Innovation, Science and Economic Development Canada cleared Newmont and Goldcorp to proceed with their previously announced combination. With this approval, Newmont and Goldcorp can now move forward with closing the transaction. Mexico’s Competition Commission approved the combination in March, following clearance from the Canadian Competition Bureau and the Korea Fair Trade Commission in February.
The Consent Solicitation, which was previously scheduled to expire at 5:00 p.m., New York City time, on April 11, 2019, has been extended to expire at 5:00 p.m., New York City time, on April 12, 2019, as the same may be further extended or earlier terminated by the Company (the “Expiration Date”).
The approval of the transaction from the shareholders of both parties satisfies the conditions to Newmont's (NEM) earlier announced one-time special dividend.
About 98 percent of votes at a special meeting were in support of Newmont's proposal to issue new stock to fund its takeover of Goldcorp, the Denver-based company said in a statement. Goldcorp's investors voted to approve the acquisition last week. The deal, the biggest takeover in the gold sector's history according to Refinitiv data, faced some initial opposition from Newmont investors who said it overly favored Goldcorp shareholders.
VANCOUVER , April 11, 2019 /CNW/ - Goldcorp Inc. (NYSE: GG, TSX: G) ("Goldcorp" or the "Company") today welcomed Newmont Mining Corporation's (NEM) ("Newmont") favorable shareholder vote in connection with the previously announced plan of arrangement (the "Transaction") to combine with Goldcorp at a special meeting of shareholders (the "Meeting") held earlier today. The issuance of the Newmont shares in connection with the Transaction was approved by greater than 98% of votes cast by Newmont shareholders, either in person or by proxy at the Meeting. In addition, the related resolution to increase Newmont's authorized common stock was approved by 76% of the shareholders.
Newmont Mining Corporation (NEM) (Newmont or the Company) today announced that the Company’s shareholders voted overwhelmingly to approve the authorization and issuance of Newmont common shares in connection with the proposed transaction with Goldcorp Inc. (NYSE: GG, TSX: G) (Goldcorp). On April 4, 2019, Goldcorp’s shareholders also voted overwhelmingly in support of the combination with more than 97 percent of votes cast in favor of the transaction.
The Consent Solicitation, which was previously scheduled to expire at 5:00 p.m., New York City time, on April 10, 2019, has been extended to expire at 5:00 p.m., New York City time, on April 11, 2019. Holders of Notes who have already validly delivered their consents pursuant to the Consent Solicitation need not take any additional action in order to deliver their consents.
Gold prices are up just 2% year to date. The VanEck Vectors Gold Miners ETF is up 8.5% this year, 3.5 percentage points worse than the gain in the Dow Jones Industrial Average, but some on Wall Street think the metal’s underperformance is about to end. Deutsche Bank analyst Chris Terry upgraded shares of (ABX) (ticker: GOLD) to Buy from Hold on Wednesday.
After a difficult 2018, gold stocks are poised to rebound this year and as the ‘peak gold’ narrative grows stronger, there are 5 gold stocks that every investor should keep an eye on
VANCOUVER , April 8, 2019 /CNW/ - Goldcorp Inc. (NYSE: GG, TSX: G) ("Goldcorp" or the "Company") and Newmont Mining Corporation (NEM) ("Newmont") are pleased to announce that Goldcorp has obtained a final order from the Ontario Superior Court of Justice (Commercial List) approving the previously announced plan of arrangement (the "Arrangement"), whereby Newmont will acquire all outstanding common shares of Goldcorp in exchange for 0.3280 of a share of Newmont common stock and $0.02 in cash for each Goldcorp common share.
Newmont (NEM) expects the deal to close in Q2, which is subject to approval by Newmont's shareholders along with satisfaction of customary closing conditions and regulatory approvals.
** Goldcorp shareholders approved Newmont Mining Corp's $10 billion takeover offer, removing one of the last remaining hurdles to create the world's largest gold producer. ** The European Central Bank will ask Deutsche Bank to raise fresh funds before it gives the go-ahead for a merger with a state-backed rival, a person with direct knowledge of the matter said. ** At Home Group Inc, a U.S. home décor retail chain, is exploring options that include a sale of itself, as the poor performance of its stock has turned it into an acquisition target, people familiar with the matter said.