Barrick Gold Corporation
Is Barrick Gold Stock a ‘Buy’ amid Economic Turmoil?
Barrick Gold (NYSE:GOLD) stock has risen 39.3% year-to-date. Gold prices have been strong amid the economic turmoil and stock market crash.
Gold Prices Soar: Which Stocks Do Analysts Favor?
Kirkland Lake is first among analysts’ favorite gold stocks with 91% “buy” and 9% “hold” ratings. The target price implies a potential upside of 16%.
How’s COVID-19 Playing Differently on Oil and Gold Prices?
Usually, the correlation between gold prices and oil prices is positive for two main reasons. First, both are denominated in the US dollar.
Is Gold the Asset To Own amid US-Iran War Threat?
Gold continued to rally amid rising geopolitical tensions recently. The spot gold prices crossed the $1,600 per ounce level on Wednesday.
Where Barrick Gold Stock Could Go from Here
Barrick Gold (GOLD) stock has been trading in a narrow range for the last several weeks. Meanwhile, gold and silver’s performance has been lackluster.
How Do Barrick Gold and Newmont Goldcorp Stack Up?
So far, Barrick Gold (GOLD) stock has been trading in a narrow range in the fourth quarter. The stock has risen almost 30% in 2019.
Could 2020 Be Even Better for Barrick Gold?
Barrick Gold seems well-placed going into 2020. With higher gold prices expected in 2020 and upbeat remarks by the CEO, investors could be optimistic.
Barrick Gold: Assets, Stock Price, and Price Targets
Barrick Gold stock has shown a decent run this year. The company has been focusing on asset sales and posted better-than-expected earnings in Q3 2019.
Mobius and Powell: Why Gold Prices Could Soar
On September 6, in an interview with CNBC, Mark Mobius advised investors to accumulate gold. According to Mobius, gold prices will have more upside.
Bill Ackman: Top Bets amid Recession Fears
Bill Ackman, CEO of Pershing Square Capital Management, is well known in the hedge fund industry for his various investment strategies.
Why UBS Is Advising Investors to Stay the Course
UBS Global’s Mark Haefele recently wrote in a note, “We believe that investors can keep their investment strategies on track for the long term.”
Trump Thinks He Should Have Imposed Higher Tariffs
When asked yesterday whether he had second thoughts on the trade war with China, Donald Trump replied, “Yeah! sure. Why not?”
Where Did Stanley Druckenmiller Place His Bets?
In the second quarter, Stanley Druckenmiller’s top five buys were Uber Technologies, Microsoft, Salesforce.com, PG&E, and Barrick Gold.
Gold: Mark Mobius Thinks Golden Years Are Ahead
Mark Mobius endorsed gold. He predicted that gold (GLD) might top $1,500, which came true. The commodity traded at $1,514.5 at 8:45 AM ET.
Druckenmiller and Culp Bought GE Stock: Should You?
Stanley Druckenmiller, a hedge fund manager and billionaire investor, told CNBC that he bought General Electric shares after the stock fell on Thursday.
Could Newmont Goldcorp Turn Around This Year?
Newmont Goldcorp (NEM) reported its Q2 results today, missing analysts’ top- and bottom-line estimates.
What Could Provide Upside to Gold Miners after Q2 Earnings?
Investors are usually interested in gold miners’ ability to generate FCF (free cash flow), as it helps them invest in future growth.
Which Gold Stocks Could Surprise Markets in Q2?
After the turnaround in gold prices that began at the end of 2018, the fortunes for gold stocks are also looking brighter.
Which Gold Stocks Do Analysts Love and Hate?
Gold price’s reversal this year has created opportunities in gold stocks. The SPDR Gold Shares ETF (GLD) had gained 11% year-to-date as of Friday.
Barrick Gold Reaches Deal to Buy Acacia Mining
After a long standoff, Barrick Gold (GOLD) and Acacia Mining (ABGLF) have reached an agreement.
Will Gold Miners Soar in the Second Half as Gold Rises?
Gold prices have seen a reversal in the last month or so. The SPDR Gold Shares ETF (GLD) gained 8.0% in June alone.
Why BMO Turned Bullish on Barrick but Is Neutral on Newmont
BMO analyst Andrew Kaip upgraded Barrick Gold (GOLD) from “market perform” to “outperform” and raised its target price from $14.5 to $20.0.
Why Wall Street Loves These Five Gold Stocks
Among miners, Eldorado Gold (EGO), New Gold (NGD), IAMGOLD (IAG), and Barrick Gold (GOLD) have seen the highest gains of 50.6%, 44.4%, 40.3%, and 36.4%, respectively.
Analyzing Standard Chartered’s Bullish Gold Outlook
Standard Chartered precious metals analyst Suki Cooper is very positive about gold’s price outlook. As reported by CNBC, she said, “There’s a lot more interest in gold on a widespread basis. It’s not just tactical investors or ETF holders. it’s broad based.”
Gold and Miners: To Buy or to Hold?
Since lower interest rate expectations, a weakening US dollar, and geopolitical factors pushed gold above its long-term resistance of $1,350 per ounce, technical factors seem to have taken over.
Why Jeffrey Gundlach Likes Gold
During DoubleLine’s investor webcast on June 13, Jeffrey Gundlach said, “I am certainly long gold.” His call on gold is based on his expectation that the US dollar (UUP) will finish lower this year.
Which Gold Miners Offer Free Cash Flow Upside in 2019 and Beyond?
In the first quarter, Barrick Gold’s (GOLD) FCF (free cash flow) fell 19% YoY (year-over-year) to $146 million, and its operating cash flow rose 2.6% YoY to $520 million. Its FCF was lower due to its higher capex.
What Are the Production Drivers for These Gold Miners?
Agnico Eagle Mines’ (AEM) gold (GLD) production improved by 2% YoY (year-over-year) to 398,217 ounces in the first quarter. The company’s Meliadine mine reached commercial production in May 2019.
How Kinross’s Financial Position Looks Compared to Peers
Kinross Gold’s (KGC) liquidity position at the end of the first quarter of 2019 was $1.8 billion.
Can Kinross Improve Cost Performance to Bridge Gap with Peers?
Kinross Gold (KGC) reported all-in sustaining costs of $925 per ounce in the first quarter, reflecting an increase of 9.3% YoY but an improvement of 3.7% sequentially.
What Could Help Kinross Gold Outperform Peers in 2019?
Kinross Gold stock has fallen 3.1% this year as of May 28.
Gold Miners: Wall Street Is Optimistic
Among senior and intermediate gold miners (GDX) (GDXJ), analysts are the most optimistic about Agnico Eagle Mines (AEM).
Which Gold Miners Have the Best Liquidity Profile?
At the end of the first quarter of 2019, Barrick Gold had a comfortable liquidity position and a cash balance of ~$2.15 billion.
A Look at These Gold Miners’ Financial Health after Q1 Results
Barrick Gold (GOLD) has been focusing on paying down debt for the last few years.
How Does Gold Miners’ Financial Leverage Look after Q1?
Newmont Mining and Barrick Gold had the highest financial leverage levels, as they made acquisitions at the peak of the commodity cycle.
Barrick Gold’s Strategy for Creating Shareholder Value
The Barrick Gold (GOLD) and Randgold Resources combined company intends to achieve sector-leading (GDX) (JNUG) returns.
How Barrick Gold’s Financial Leverage Compares with Peers
Investors have become cautious of miners’ escalating debt positions, the result of acquisitions at the peak of the cycle.
What Is Barrick Gold Doing to Increase Its Production?
Production growth is a crucial variable for miners, and along with realized metal prices, it drives a company’s revenue.
Could Barrick Gold Be Your Long-Term Gold Bet after Q1?
Barrick Gold stock had fallen 9.1% this year as of May 13, while the VanEck Vectors Gold Miners ETF (GDX) had fallen 7.7%.
Gold and Miners Gain as Trade War Fear Makes a Comeback
The US-China trade war just got more dangerous. After some optimism last week with the two sides appearing to approach some sort of agreement, markets seem to have now lost all hope.
Key Highlights from Barrick Gold’s Q1 2019 Results
In the first quarter, Barrick Gold (GOLD) produced 1.36 million ounces of gold—up ~30% YoY (year-over-year) and 8% sequentially.
Barrick Gold’s Q1 Earnings Beat Estimates, Stock Rises
Barrick Gold (GOLD) released its first-quarter earnings results on May 8 before the market opened.
What to Look Forward to in Barrick Gold’s Q1 Results
Barrick Gold (GOLD) is scheduled to announce its first-quarter earnings results on May 8 and hold its conference call on the same day.
Analyzing Deutsche Bank’s Bullish Gold Outlook
Like many other analysts, Deutsche Bank (DB) is also bullish on gold (GLD) prospects.
Gold: Analysts Are Bullish despite Weak Performance in 2019
Gold prices have fallen 3% YTD (year-to-date) as of April 26. Gold prices fell ~1.9% in 2018 and significantly underperformed broader markets.
Yamana Gold: What to Expect from Its Q1 Results
Yamana Gold is scheduled to release its first-quarter results on May 1 after the market closes. The company will hold a conference call on May 2.
Which Gold Equities Could Grow after Q1 Results Are Released
Agnico Eagle Mines’ (AEM) forward multiple of 10.3x, the highest among senior and intermediate gold miners, is 12% higher than its trailing-five-year average and 75% higher than its peers’ (GDX) (GDXJ).
Assessing Gold Miners’ Free Cash Flow This Year and Beyond
Investors are usually interested in gold mining companies’ (GDX) (GDXJ) ability to generate FCF (free cash flow), as it helps them invest in future growth.
Which Gold Stocks Could Beat Analysts’ Earnings Expectations in Q1?
Many gold miners (RING) are set to release their first-quarter results shortly. Analysts expect Barrick Gold’s (GOLD) EBITDA to rise 6.2% YoY (year-over-year) in the first quarter.
What’s Driving Analysts’ Revenue Estimates for Gold Miners
Analysts’ revenue estimates for gold miners (GDX) are important to track as they give us a good idea about their gold price (GLD) outlook and production.
Why Analysts Are Bearish on These Gold Equities
Among senior and intermediate miners (JNUG) (GDX), New Gold (NGD), Barrick Gold (GOLD), Eldorado Gold (EGO), and Kinross Gold (KGC) have the fewest “buy” ratings from analysts, at 0.0%, 16.0%, 38.5%, and 40.0%, respectively.
Newmont and Goldcorp Merger Could Create Shareholder Value
The merger will combine Newmont Mining’s 68.5 million ounces and Goldcorp’s 52.8 million ounces to form the world’s largest asset base.
Newmont and Goldcorp Merge, Form World’s Largest Gold Company
After the dividend, Paulson and VanEck agreed on the Newmont Mining and Goldcorp merger. The merger was finally completed on April 18.
Will Yamana’s Chapada Mine Sale Improve Its Shareholder Returns?
Yamana Gold (AUY) announced today that it has agreed to sell its Chapada mine to Lundin Gold (LUNMF) for $1 billion.
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.
Why Is Deutsche Bank Bullish on Gold?
Gold prices (GLD) have risen 0.5% YTD (year-to-date) until April 12—compared to the gain of 16.1% in the S&P 500 Index (SPY).
Wall Street Ratings: Gauging Gold Miners’ Upside Potentials
Among senior and intermediate gold miners (GDX) (GDXJ), analysts are most bullish on Agnico Eagle Mines (AEM).
Newmont Stock Will Take Cues from Its Goldcorp Merger Execution
Newmont Mining stock returned 3.2% in the first quarter, almost half the gains in the VanEck Vectors Gold Miners ETF in the same period.
What Will Be Key to Barrick Gold’s Performance in 2019?
Barrick Gold underperformed its senior and intermediate peers as well as the broader benchmark index during the first quarter of 2019.
How Gold and Gold Miners Performed in Q1
Gold prices (GLD) gained just 0.6% in the first quarter compared to the gain of 13% in the S&P 500 Index (SPY).
What Wall Street Expects from Newmont after the Goldcorp Merger
Analysts’ ratings According to Thomson Reuters, of the 15 analysts covering Newmont Mining (NEM), 67.0% have given the stock a “buy” rating, 20.0% say “hold,” and 13% have a “sell” rating on the stock. Its target price implies a potential upside of 15.3% based on its current price of $34.9. In the last three months, Newmont’s “buy” ratings have […]
Do Analysts Want You to Buy Agnico Eagle Mines?
Currently, 18 analysts are covering Agnico Eagle Mines (AEM), as per the consensus compiled by Thomson Reuters.
The Five Gold Stocks Wall Street Is Loving Lately
Gold miners usually act as a leveraged play on gold prices. In 2018, the VanEck Vectors Gold Miners ETF (GDX) fell 9.3%, amplifying the 1.9% fall in gold prices (GLD).
NEM-GG Merger: Newmont’s Special Dividend Announcement
In a press release, Newmont Mining (NEM) said this one-time special dividend will be paid to Newmont shareholders of record as of April 17, 2019.
Will Newmont Investors Approve GG Merger after Special Dividend?
Today, Newmont Mining (NEM) announced a conditional special dividend to shareholders if its proposed merger with Goldcorp (GG) goes through.
Which Gold Miners Could Offer Valuation Upsides in 2019?
In this article, we’ll look at individual gold miners’ valuations and compare them to their histories and their peers.
What Analysts Expect for Gold Miners’ Earnings in 2019
Now that we’ve considered analysts’ revenue estimates for senior gold miners (GDX), in this article, let’s take a look at analysts’ EBITDA estimates.
What’s Affecting Analysts’ Revenue Forecasts for Gold Miners?
In this article, we’ll consider analysts’ estimates for senior gold mining companies’ (GDX) (JNUG) revenues going forward.
Which Senior Gold Miners Are Analysts Loving Lately and Why?
In this series, we’ll consider recommendations, target prices, estimates, and potential upsides and downsides for senior gold miners.
John Paulson Opposes the Newmont-Goldcorp Merger
In a letter to Newmont Mining’s CEO, Paulson & Co. said it doesn’t favor Newmont Mining’s $10 billion merger with Goldcorp (GG).
Which Gold Miners Can Easily Repay Their Debt?
If a company has high debt but has the capacity to repay it through its earnings, then the debt likely won’t be much trouble for the company.
Which Gold Miner Has the Best Liquidity Profile?
At the end of the fourth quarter of 2018, Barrick Gold had a cash balance of ~$1.6 billion and a $3 billion undrawn credit facility.
Which Gold Miners Are in Sound Financial Health after 2018?
Not many investors were concerned about gold miners’ (GDX) (GDXJ) financial health when precious metal prices were high.
How Do Gold Miners’ Leverage Ratios Look?
Barrick has reduced its debt more than 57% in the last four years from $13.4 billion at the end of 2014 to $5.7 billion at the end of 2018.
Which Gold Miners Could Show Free Cash Flow Upside in 2019?
FCF (free cash flow) generation is quite important for gold mining companies (SGDM) (GDX).
How Gold Miners’ Costs Stack Up
Barrick Gold (GOLD) reported AISC of $788 per ounce and a cost of sales of $980 per ounce in the fourth quarter.
Are Slowing Production Pipelines Fueling Gold Miner M&A Activity?
The production growth of most of the miners (GDX) (JNUG) is either in decline or flat at best.
Most Gold Miners Reported Declining Production in Q4
Goldcorp’s (GG) production for the fourth quarter came in at 630,000 ounces of gold, a YoY decline of 2.5%.
Did Gold Miners’ Q4 Results Meet Expectations?
Barrick Gold (GOLD) opened the earnings season for gold miners with earnings on February 13.
Which Gold Mining Stocks Could Have Upside Potential in 2019?
The SPDR Gold Shares ETF (GLD), which tracks physical gold prices, has underperformed the broader markets YTD.
What Would It Take for Analysts to Be More Positive about KGC?
Of the 20 analysts covering Kinross Gold (KGC) as per the consensus compiled by Thomson Reuters, 40% have given it “buy” ratings, and 55% have given it “holds.”
Could Kinross Gold’s Balance Sheet Support Its Future Growth?
Kinross Gold’s (KGC) liquidity position at the end of the fourth quarter of 2018 reflected its strategic investments.
A Look at Kinross Gold’s Reserves and Resources Update
Kinross Gold (KGC) has maintained its gold price assumption of $1,200 per ounce for estimating reserves and $1,400 per ounce for estimating resources since 2011.
KGC’s Unit Costs: Why They’ll Get Worse before They Get Better
Kinross Gold (KGC) reported all-in sustaining costs of $961 per ounce in the fourth quarter, reflecting a decline of 5.7% YoY (year-over-year).
Can KGC’s Projects Aid Its Production Profile in the Medium Term?
The Tasiast expansion project is very important for Kinross Gold (KGC) when it comes to replacing its maturing production.
Can Kinross Gold Stock Rise above Its Issues in 2019?
Kinross Gold (KGC) reported adjusted EPS of $0.01 in 2018, beating analysts’ consensus estimate by $0.01.
Barrick Gold Withdraws Hostile Acquisition Bid for Newmont
On February 25, Barrick Gold (GOLD) put in an unsolicited bid to acquire Newmont Mining (NEM).
Newmont-Goldcorp Merger: What to Expect from Combined Company
On January 14, Newmont Mining (NEM) and Goldcorp (GG) announced a merger.
Newmont Mining Rejects Barrick Gold’s Hostile Acquisition Bid
In a press release today, Newmont Mining said that Barrick’s unsolicited negative premium proposal is not in shareholders’ best interest.
Barrick Gold’s Valuation Multiple: Upside in 2019?
Among senior miners (GDX), Barrick Gold (GOLD) has the highest EV-to-EBITDA multiple of 8.4x—a premium of 29% to its historical multiple.
Analyzing Barrick Gold’s Free Cash Flow Upside in 2019
Barrick Gold’s FCF was $37 million in the fourth quarter—85% lower YoY. In 2018, the FCF was $365 million—down 45% YoY.
Barrick Gold’s Costs Are Expected to Rise in 2019
Barrick Gold has guided for an AISC of $870–$920 per ounce for 2019. At the midpoint, the guidance implies a rise of 11% for 2019.
Barrick Gold’s Merger Could Drive Its Production Going Forward
Production growth is a crucial variable for miners. Along with realized metal prices, production growth drives a company’s top line.
Barrick Gold after the Randgold Merger: Upside in 2019?
In the fourth quarter, Barrick Gold produced 1.26 million ounces of gold—up 9.7% sequentially but down 6% YoY (year-over-year).
Buffett versus Dalio on Gold: Whose Advice Should You Take?
When it comes to investing in stocks, Berkshire Hathway’s (BRK.A) chair, Warren Buffett, and Bridgewater’s founder, Ray Dalio, have similar advice.
Newmont Mining’s Valuation Multiple: More Upside Potential?
Among senior gold miners (GDX), Newmont Mining (NEM) has the second-highest forward enterprise value-to-EBITDA multiple of 8.1x.
Newmont Mining’s Reserves Fell during 2018
Newmont Mining (NEM) reported reserves of 65.4 million ounces for 2018—4.5% lower compared to 2017.
Newmont Mining: Upside to Its Project Pipeline
Newmont Mining has already declared commercial production for three projects this year. The latest project is Subika Underground.
Newmont Mining: Analyzing Its Production Drivers
In the fourth quarter, Newmont Mining (NEM) produced 1.44 million ounces—a rise of 8% YoY (year-over-year).
Can Newmont Mining Outperform Its Peers in 2019?
Newmont Mining (NEM) reported its fourth-quarter earnings results before the market opened on February 21.