Barrick Gold Corp
Weekly Update: Will the Upside Stay Intact in Gold Prices?
In 2020, gold prices have been shining due to turmoil in the equity market. The S&P 500 Index (NYSEARCA:SPY) has fallen by 12.4% on a YTD basis.
How Barrick Gold Is Placed after Gold’s Rally
The gold rally has eased a bit this week. Since December, Barrick Gold and Newmont Goldcorp have exhibited decent uptrends until recently.
Is Gold Ready to Fly in the New Year?
In this series, we’ll look at what could influence gold demand as we step into 2019.
Is Now the Time to Heed Dalio’s Gold Allocation Advice?
Ray Dalio’s love for gold is well known.
Gold ETF Holdings Are on the Rise
There is a lot of uncertainty and volatility in the current economic macro environment with trade tensions continuing and geopolitical issues ramping up.
How Gold Mining Exposure Can Hedge Your Portfolio
The gold mining industry hasn’t seen a very positive trend in the last ten years.
How Gold Stocks Have Performed This Year
Gold and gold miners didn’t start off the year on a good note.
Which Gold Miners Could Offer Valuation Upsides after Q3 2018?
While the valuations of broader equities have continued to increase, the valuations of gold stocks haven’t kept up.
What Are Analysts’ Estimates for Gold Miners’ Future Earnings?
Now that we’ve considered analysts’ revenue estimates for the senior gold miners under review, let’s take a look at analysts’ EBITDA estimates.
What Factors Are Affecting Revenue Forecasts for Gold Miners?
In this article, we’ll look at analysts’ estimates for those companies’ (GDX) (JNUG) revenues going forward.
Which Gold Miners Do Analysts Love after Q3 2018 and Why?
In this article, we’ll look at the market sentiments for the gold mining companies under review in this series.
Which Gold Miners Show Free Cash Flow Upside?
Barrick Gold (ABX) generated FCF of $319 million in the third quarter compared to -$172.0 million in the second quarter.
Checking Up on Gold Miners’ Financial Health after Q3
Newmont Mining’s (NEM) net debt at the end of the third quarter was ~$1.1 billion compared to $1.9 billion at the end of 2016.
A Look at Gold Miners’ Financial Leverages after Q3 2018
Barrick Gold (ABX) and Newmont Mining (NEM) have come a long way as far as their financial leverages are concerned.
What Did It Cost Gold Miners to Dig Out an Ounce of Gold?
AISC (all-in sustaining costs) is an encompassing measure that helps us compare gold miners’ performances.
How Might Kinross Gold’s Balance Sheet Support Its Future Growth?
Kinross Gold’s (KGC) liquidity position at the end of the third quarter was reflected its strategic investments.
What’s Newmont Mining Stock’s Valuation Upside?
Newmont Mining (NEM) has a forward enterprise value-to-EBITDA multiple of 7.9x, the highest among senior gold miners.
Newmont’s Financial Position to Sustain Its Growth Going Forward
Newmont Mining saw its debt rise at the peak of the cycle due to expensive acquisitions, which have now been brought under control.
Newmont’s Project Pipeline Remains Strong: What’s the Upside?
Newmont Mining is poised to overtake Barrick Gold as the world’s largest gold producer in 2018.
These Factors Could Turn Newmont Mining’s Fortunes around in 2019
Newmont Mining reported EPS of $0.33, which beat the consensus estimate by $0.14. Its revenue of $1.73 billion, however, missed the mark.
Why Ray Dalio Recommends Holding 5%–10% in Gold
Dalio’s Bridgewater Associates built its position in gold ETFs mainly after the second quarter of 2017.
Gold ETF Buying Accelerates as Gold’s Safe-Haven Appeal Is Restored
Gold ETFs have seen renewed buying interest from investors in October on increased market volatility and the equity market sell-off.
Which Senior Gold Miner Could See a Valuation Rerating in 2018?
At a time when growth is difficult to come by in the gold mining space, Newmont Mining has a strong project pipeline with very low execution risk.
Company & Industry Overviews
As Positive Catalysts for Gold Emerge, Which Miners May Benefit?
After a prolonged calm in the equity markets, volatility has started increasing, and investors are worried about the Fed’s rate hike cycle.
Company & Industry Overviews
Key Highlights from IAMGOLD’s Q3 2018 Earnings
IAMGOLD (IAG) generated revenue of $244.8 million in the third quarter, a YoY (year-over-year) fall of 9%.
Why Randgold Shareholders Deserve More from the Barrick Deal
Although most of Randgold’s mines are located in Africa, Barrick Gold’s (ABX) mines are primarily located in safer jurisdictions, including the Americas.
Gold Miners Have Been Able to Control Costs
Barrick Gold (ABX) has one of the best AISCs among the senior developers.
Company & Industry Overviews
Is the Barrick-Randgold Merger Enough of a Reason to Bet on ABX?
On November 5, more than 99% of ABX’s shareholders approved its all-stock acquisition of GOLD.
Company & Industry Overviews
ABX and GOLD Merger: Dividends Rise in Anticipation of Returns
On September 24, Barrick Gold (ABX) agreed to acquire Randgold Resources (GOLD) in a share-for-share deal.
Why Barrick Gold’s Financial Leverage Isn’t Much of a Concern Now
Some miners, including Barrick Gold and Kinross Gold, were especially affected by peak cycle acquisitions and the resulting write-downs.
What’s the Upside to Barrick Gold’s Costs Going Forward?
Barrick Gold (ABX) reported AISC (all-in sustaining costs) of $785 per ounce and a cost of sales of $850 per ounce in the third quarter.
What’s Driving Production Growth for Barrick Gold?
Production growth is a crucial variable for miners. Along with realized metal prices, it drives a company’s top line.
What to Know about Barrick Gold after Its Q3 2018 Results
While Barrick stock remains weak YTD (year-to-date), it surged following the announcement of its merger with Randgold Resources (GOLD).
Yamana Gold Will Sell the Gualcamayo Mine for $85 Million
Yamana Gold (AUY) announced that it entered into an agreement to sell its Gualcamayo mine in Argentina to Mineros SA.
Yamana Gold Upgraded Its Production Guidance
Yamana Gold’s production for the third quarter was 246,788 ounces—an improvement of 11% YoY and 10% sequentially.
Upside for Yamana Gold after Its Q3 Earnings
Yamana Gold released its third-quarter results before the markets opened on October 26. The company held a conference call the same day.
Investors Will Be Watching Goldcorp’s Q4 2018 Volume Target
Goldcorp expects its fourth-quarter production to come in at 620,000 ounces, which could push its fiscal 2018 volumes to 2.28 million ounces.
Goldcorp Seeks to Recover after Falling 18% on October 25
Goldcorp (GG) reported its Q3 earnings on October 24. GG reported adjusted EPS of -$0.08, which missed the consensus estimate by $0.05.
Goldcorp Stock Plunges 13% on Its Disappointing Q3 Results
Goldcorp (GG) reported its third-quarter earnings results after the market closed on October 24.
Stretched Equity Valuations Start to Weigh In
Since equities have slumped in October, investors are reassessing the price they should be paying for the forward earnings.
Which Gold Miners Could See a Valuation Upside after Q3 Earnings?
Agnico Eagle Mines (AEM) has the highest forward multiple of 10.3x, almost in line with its last-five-year average multiple.
Kinross Gold’s Q3 2018 Preview: The Tasiast Update
After significantly outperforming its peers (GDX)(NUGT) in 2017, Kinross Gold (KGC) has underperformed this year.
Barrick Gold’s Q3 Earnings Preview: Here’s What to Watch
During the third quarter, Barrick Gold agreed to acquire Randgold Resources (GOLD) in a share-for-share deal.
Analysts Aren’t Bullish on These Gold Stocks before Q3 Earnings
On September 24, Barrick Gold agreed to acquire Randgold Resources (GOLD) in a share-for-share deal.
Why Do Analysts Love Agnico Eagle Mines?
Analysts’ ratings for Agnico Eagle Mines Of the 18 analysts covering Agnico Eagle Mines (AEM), 72.0% recommended a “buy,” while the remaining 28.0% recommended a “hold.” Among its mining peers (RING)(GDX), AEM has more “buy” recommendations than Yamana Gold (AUY), Barrick Gold (ABX), Newmont Mining (NEM), and Kinross Gold (KGC), which have “buy” ratings from 71.0%, 14.0%, 58.0%, […]
Key Factors Driving Analysts’ Estimates for Kinross Gold
Kinross Gold (KGC) has underperformed its peers year-to-date, returning -31.5%.
Analysts Are Concerned about Kinross Gold’s Geopolitical Issues
Of the analysts covering Kinross Gold (KGC), 42.0% recommended a “buy” and 58.0% recommended a “hold.”
Key Factors Driving Goldcorp’s Growth
Analysts expect Goldcorp’s EBITDA to rise 3.2% year-over-year to $1.5 billion.
Why Do Analysts Expect Lower Earnings for Barrick Gold in 2018?
Barrick is expecting its all-in sustaining costs for 2018 to be $765–$815 per ounce, compared with $710–$770 per ounce in 2017.
How Analysts View Barrick Gold after the Randgold Acquisition
Of the 21 analysts covering Barrick Gold (ABX), only 14.0% recommend a “buy” for the stock, the lowest percentage of “buy” recommendations among senior miner stocks