|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||14.35 - 14.50|
|52-week range||13.28 - 20.78|
|PE ratio (TTM)||7.73|
|Forward dividend & yield||0.12 (0.84%)|
|1y target est||18.36|
On January 12, 2018, gold prices hit a four-month high of $1,338.20 per ounce, and it ended the day at $1,333.40. The implied volatility in gold was 8.9%. Most of these gains were due to the steady decline in the price of the dollar. The US dollar (UUP), tracked by the DXY Currency Index (or DXY) was down 1.0% on January 12.
Zacks Industry Outlook Highlights: Alamos Gold, Richmont Mines, Barrick Gold, Franco-Nevada and Sandstorm Gold
Barrick Gold Corp. is analyzing revised sanctions on its Pascua-Lama project on the Chile-Argentine border after Chile’s environmental agency reduced a fine but imposed new conditions, including the definitive ...
Barrick Gold Corporation (NYSE:ABX) (TSX:ABX) (“Barrick” or the “Company”) is analyzing a revised sanction related to the Company’s Pascua-Lama project issued on January 17 by Chile’s Superintendencia del Medio Ambiente (SMA). The Pascua-Lama project is currently operating under a temporary closure plan in Chile. During this period, the Company has continued to manage all aspects of the project in a responsible manner.
Zacks Industry Outlook Highlights: Barrick Gold, Franco-Nevada, Sandstorm Gold, Asanko Gold and Pershing Gold
Kinross Gold (KGC) has significantly outperformed gold prices (GLD), the overall gold miners’ index (GDX), as well as its peers in 2017. While the stock rose 38.9%, its close peers Newmont Mining (NEM), Barrick Gold (ABX), and Goldcorp (GG) returned 10.1%, -9.4%, and -6.1%, respectively. Kinross has shown an impressive operational performance in 2017 along with steady execution on its growth projects, which led to the outperformance of the stock.
Goldcorp (GG) has given negative returns in 2017. Its stock has lost 6.1% of its value as compared to a gain of 12.8% in the iShares Gold Trust (GLD) and 11.1% in the VanEck Vectors Gold Miners ETF (GDX). You can read These Factors Could Help Goldcorp Outperform Peers in 2018.
Goldcorp (GG) currently has “buy” ratings from 59% of the 22 analysts covering the stock, as per the consensus compiled by Thomson Reuters. Based on the mean target price and current market price, its stock has a higher upside potential of 29% as compared to its close peers (GDX) (NUGT) Barrick Gold (ABX) and Newmont Mining (NEM). The analyst sentiment seems to be improving for GG’s stock.
TORONTO, Jan. 11, 2018 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:ABX)(TSX:ABX) will release its Fourth Quarter 2017 Results on February 14, 2018, followed by a conference call and webcast on February 15 at 8:00 am ET. Fourth Quarter Results Release February 14, after market closeConference Call and Webcast February 15, 8:00 am ET Toll Free (U.S. and Canada): 1-800-319-4610International: +1-416-915-3239
Barrick Gold (ABX) underperformed its peers and gold prices in 2017. While ABX’s stock returned -9.4% in 2017, gold prices rose by 12.8% and the VanEck Vectors Gold Miners ETF (GDX) rose by 11.1%. ABX’s close peers such as Newmont Mining (NEM), Goldcorp (GG), and Kinross Gold (KGC) returned 10.1%, -6.1%, and 38.9%, respectively.
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 29% have “buy” recommendations on the stock. Among the senior miner stocks (GDX), Barrick has the lowest percentage of “buy” recommendations. 63% of the analysts rate the stock as a “hold.” The remaining 8% recommend a “sell” for Barrick’s stock.
Most of the hype centers on passenger vehicles and tractor trailers, but autonomous vehicles could revolutionize mining.
NuLegacy Gold Corporation reports that one of the two core holes drilled into the West Avocado zone during the 2017 fall exploration program encountered encouraging gold mineralization. “Drill hole AW17-05c encountered more silicification, alteration, and brecciation than we have observed at Avocado thus far. Data from trace element assays will be received shortly, and should aid in the targeting of additional drill holes at Avocado in the spring of 2018,” reported Derick Unger, NuLegacy’s Chief Geologist.
If you like Newmont's gold-linked dividend, then you better check out Wheaton Precious Metals' dividend approach and business model.
The last trading day of 2017 witnessed an upswing in precious metal prices. Gold, silver, and platinum rose 0.94%, 1.4%, and 0.79%, respectively.