Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Toronto Stock Exchange  >  Barrick Gold Corp    ABX   CA0679011084

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

TSX gains as bank stock gains, Valeant jumps

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/08/2017 | 11:20pm CEST
The Bay Street sign is pictured in the heart of the financial district as people walk by in Toronto

Canada's main stock index gained on Thursday, helped by rises for some of the country's biggest banking stocks and a sharp jump in Valeant Pharmaceuticals but weighed down by losses for gold miners.

The financials group climbed 1 percent after the Bank of Canada said the recent liquidity strain at Home Capital Group Inc (>> Home Capital Group Inc) was specific to that company and that the broader alternative lending system works.

"I think people took some confidence from the comments suggesting the central bank sees Home Capital as an isolated occurrence and still considers the underlying financial system to be fairly robust," said Colin Cieszynski, senior market analyst at CMC Markets Canada.

Bank of Nova Scotia (>> Bank of Nova Scotia) rose 1.6 percent to C$77.85 and Toronto-Dominion Bank (>> Toronto-Dominion Bank) added 1.2 percent to C$65.06.

Valeant Pharmaceuticals International Inc (>> Valeant Pharmaceuticals Intl Inc) also added to the positive sentiment, jumping 9.4 percent to C$17.96 after saying it would sell its iNova Pharmaceuticals business for $930 million as part of a debt reduction plan.

The Toronto Stock Exchange's S&P/TSX composite index <.GSPTSE> closed up 50.95 points, or 0.33 percent, at 15,423.09.

Six of its 10 main sectors slipped, although advancers outnumbered declining stocks by a ratio of 1.3 to 1.

Gold miners were among the heaviest weights, falling as investors assessed former FBI Director James Comey's testimony as containing no significant surprises.

Gold futures <GCc1> fell 1.0 percent to $1,277.1 an ounce, while Barrick Gold Corp (>> Barrick Gold Corp) fell 1.5 percent to C$22.45 and Goldcorp (>> Goldcorp Inc.) lost 2 percent to C$18.48. [GOL/]

Eldorado Gold Corp (>> Eldorado Gold Corp) slumped 9.4 percent to C$3.85 after Greece said it would take the miner to arbitration over a gold mining investment.

Base metals miners jumped as copper prices <CMCU3> advanced 2.2 percent to $5,746.50 a tonne after better-than-expected Chinese economic data allayed some concerns about oversupply. [MET/L]

First Quantum Minerals Ltd (>> First Quantum Minerals Limited) jumped 7.7 percent to C$11.75.

"It tends to have some big swings off commodity prices, that's not unheard of for them," Cieszynski said.

Teck Resources Ltd (>> Teck Resources Ltd) gained 3.6 percent to C$24.50, while Hudbay Minerals (>> Hudbay Minerals Inc) jumped 10.9 percent to C$7.40 after receiving a permit to move forward with a copper project in Arizona.

ECN Capital Corp (>> ECN Capital Corp) ended up 3 percent at C$3.76 after the commercial financing company said it would buy U.S.-based Service Finance Holdings LLC for C$410 million ($304 million) in cash.

(Reporting by Alastair Sharp; Editing by Dan Grebler and James Dalgleish)

By Alastair Sharp

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BARRICK GOLD CORP
06/27 BARRICK GOLD CORP : DEADLINE APPROACHING: Khang & Khang LLP Announces Securities..
06/27 BARRICK GOLD CORP : ABX The Law Offices of Vincent Wong Notifies Investors of a ..
06/26 BARRICK GOLD CORP : UPCOMING DEADLINE: Lundin Law PC Announces Securities Class ..
06/26 BARRICK GOLD CORP : INVESTOR ALERT - Bronstein, Gewirtz & Grossman, LLC Reminds ..
06/26 BARRICK GOLD CORP : Levi & Korsinsky, LLP Reminds Shareholders of Barrick Gold C..
06/24 ACACIA MINING : Put politics aside during talks with Acacia over gold dealings
06/24 BARRICK GOLD CORP : SHAREHOLDER REMINDER: Khang & Khang LLP Announces Securities..
06/24 BARRICK GOLD CORP : Pomerantz Law Firm Reminds Shareholders with Losses on their..
06/24 BARRICK GOLD CORP : INVESTOR ALERT - - Bronstein, Gewirtz & Grossman, LLC Remind..
06/23 BARRICK GOLD CORP : Levi & Korsinsky, LLP Reminds Shareholders of Barrick Gold C..
More news
Sector news : Gold Mining
06/16 NEWCREST MINING : SolGold boosts budget to explore for copper, gold all over Ecu..
06/15 FOSUN INTERNATIONAL : Polyus to sell up to nine percent of its shares in London,..
06/05 POLYUS ZOLOTO : Russia's Polyus tests markets with London and Moscow share sales
05/29 TSX edges higher as financials gain ground
05/26 TSX ekes out gain in low volume trade ahead of U.S. holiday
More sector news : Gold Mining
News from SeekingAlpha
06/27 Gold Gaining - Itchy Trigger Fingers Replace Fat One
06/26 RESOURCE SECTOR DIGEST : Storm In A Teacup
06/26 REAL GOLD OR PAPER PROXIES : What Billionaire Gold Investors Actually Buy
06/23 Novagold and Barrick update on Donlin project
06/22 RESOURCE SECTOR DIGEST : Ignoring Elephants
Advertisement
Financials ($)
Sales 2017 8 482 M
EBIT 2017 2 695 M
Net income 2017 1 269 M
Debt 2017 4 614 M
Yield 2017 0,71%
P/E ratio 2017 13,78
P/E ratio 2018 23,77
EV / Sales 2017 2,79x
EV / Sales 2018 2,78x
Capitalization 19 061 M
More Financials
Chart BARRICK GOLD CORP
Duration : Period :
Barrick Gold Corp Technical Analysis Chart | ABX | CA0679011084 | 4-Traders
Full-screen chart
Technical analysis trends BARRICK GOLD CORP
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 21,0 $
Spread / Average Target 28%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Kelvin Dushnisky President & Non-Independent Director
John Lawson Thornton Non-Independent Executive Chairman
Richard J. Williams Chief Operating Officer
Catherine Phillipa Raw Chief Financial Officer & Executive Vice President
Matthew D. Gili Chief Technical Officer
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
BARRICK GOLD CORP0.42%19 211
NEWMONT MINING CORP-0.88%18 029
SAUDI ARABIAN MINING C..--.--%15 298
NEWCREST MINING LIMITE..4.94%12 294
AGNICO EAGLE MINES LTD11.10%11 052
SHANDONG GOLD MINING C..-20.46%7 891
More Results