|Bid||39.30 x 2200|
|Ask||39.40 x 3200|
|Day's Range||38.51 - 39.69|
|52 Week Range||29.06 - 40.33|
|Beta (3Y Monthly)||-0.15|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 23, 2019 - Oct 28, 2019|
|Forward Dividend & Yield||0.56 (1.45%)|
|1y Target Est||44.64|
The demand for gold rose 8% in the second quarter, according to the World Gold Council. Central banks and ETF buyers helped drive that demand, taking in $2.5 billion in net new inflows thus far this year. Matthew Bartolini of State Street Global Advisors joins Yahoo Finance’s Adam Shapiro and Julie Hyman to discuss.
Newmont Goldcorp Corporation (NYSE: NEM, TSX: NGT) (formerly known as Newmont Mining Corporation) (Newmont Goldcorp or the Company) announced today that the Company has successfully completed the previously announced solicitation of consents (the “Consent Solicitation”) from holders (the “Holders”) of its outstanding 5.875% Notes due 2035 (the “Notes”) to effect the Amendments (as defined below) to the indenture governing the Notes (the “Indenture”). The Consent Solicitation expired at 5:00 p.m., New York City time, on August 23, 2019 (the “Expiration Date”). As of the Expiration Date, Holders of approximately $575,330,000 (95.89%) in aggregate principal amount of the outstanding Notes had validly delivered (and not validly revoked) their consents to the Amendments.
DALLAS , Aug. 23, 2019 /PRNewswire/ -- Cushing ® Asset Management, LP, and Swank Capital, LLC, announce today the upcoming rebalancing of The Cushing ® Energy Supply Chain Index (the "Index") ...
Newmont Goldcorp Corporation (NEM) (NGT.TO) (formerly known as Newmont Mining Corporation) (Newmont Goldcorp or the Company) announced today that the Company is soliciting consents (the “Consent Solicitation”) from holders (the “Holders”) of its outstanding 5.875% Notes due 2035 (the “Notes”) to effect certain Proposed Amendments (as defined herein) to the indenture governing the Notes (the “Indenture”) upon the terms and subject to the conditions set forth in the Consent Solicitation Statement, dated August 16, 2019 (as amended or supplemented from time to time, the “Consent Solicitation Statement”). The Notes are guaranteed by Newmont USA Limited, a Delaware corporation (“Newmont USA”), and Nevada Gold Mines LLC, a Delaware limited liability company (the “JV Entity”).
Newmont Goldcorp’s underperformance this year could reverse course as investors gain faith in the company’s turnaround, Citibank analyst Alexander Hacking told clients.
Large gold miners like Newmont Goldcorp aren’t the only ones that could benefit from the rising price of gold. JPMorgan says to look at the stocks of small mining companies as well.
The S&P 500's 2.7% plunge isn't quite unanimous, as 8 of the index's 505 components are actually gaining ground. The biggest gainer is gold producer Newmont Goldcorp Corp.'s stock , which rose 1.8%, followed by Dominion Energy Inc. shares , which tacked on 0.6%. Meawhile, the 3 biggest losers were retailer stocks, with Macy's Inc. falling 13.0%, Kohl's Corp. shedding 11.0% and Nordstrom Inc. giving up 10.5%.
As the stock market faltered recently, gold thrived. But positions were reversed Tuesday morning as investors turned to less bearish vehicles.
(Bloomberg) -- Eight months into his job, Barrick Gold Corp. CEO Mark Bristow is shopping, selling and negotiating his way through a complex portfolio of assets in a massive retrofit of the global miner.The chief executive officer of the world’s second-largest gold producer is pushing ahead with plans to sell about $1.5 billion in assets by the end of next year, while looking to buy more top-tier gold projects, in Canada and elsewhere, and invest in copper assets.After reporting positive second-quarter earnings, Bristow also flagged the possibility Newmont Goldcorp Corp., its partner in the Kalgoorlie open-pit gold mine, may be swayed to join Barrick in selling the entire Australian asset.“KCGM is for sale, straight up, we put the sign out,” Bristow said of its 50% stake in Kalgoorlie after Barrick released its second-quarter earnings statement. “Gary said to me, depending on the price he’ll sell it, buy it or partner it,” Bristow said, referring to Newmont CEO Gary Goldberg.“We would consider transactions to consolidate or divest our interest in KCGM under the right valuation terms,” Omar Jabara, a spokesman for Newmont, said by email. “Beyond that we are not able to speculate.”‘No Shortage’Goldberg has said he’d be interested in buying Barrick’s half of Kalgoorlie at the right price. During Monday’s interview, Bristow said Northern Star Resources Ltd. is “one of the front-runners” among companies that have expressed interest in Barrick’s stake.“We’ve got no shortage of interest in that asset -- it’s an icon in the gold industry,” Bristow said in an interview Monday, referring to Kalgoorlie. Barrick has engaged with Goldberg and “he needs to decide,” Bristow said.Barrick shares climbed as much as 2.9% in New York trading Monday after reporting that second-quarter revenue climbed 21% and costs this year will be at the lower end of forecasts. The company’s shares later closed 0.9% lower, trimming this year’s gain to 33%, still almost double the pace of bullion.Among countries targeted for deals, Barrick is keen to buy more mines in Canada and is actively looking for opportunities. “We’re under-invested in Canada: watch this space,” he said. “We don’t want to buy companies; we’re after assets.”To contact the reporters on this story: Danielle Bochove in Toronto at email@example.com;Vinicy Chan in Hong Kong at firstname.lastname@example.orgTo contact the editors responsible for this story: Luzi Ann Javier at email@example.com, Steven FrankFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Gold investing can be a hedge in uncertain times. Here are some keys when deciding whether, when and how to buy gold stocks or a gold ETF.