Agnico Eagle Mines Limited (USA) (NYSE:AEM), Yamana Gold Inc. and Osisko Mining Corporation are pleased to announce that they have entered into an agreement (“the Agreement”) pursuant to which Agnico Eagle and Yamana will jointly acquire 100% of Osisko’s issued and outstanding common shares for total consideration of approximately C$3.9 billion, or C$8.15 per share. Agnico Eagle Mines Ltd (USA) (NYSE:AEM) shares after opening at $28.64 moved to $29.06 on last trade day and at the end of the day closed at $29.05 . Company price to sales ratio in past twelve months was calculated as 3.09 and price to cash ratio as 23.48. Agnico Eagle Mines Ltd (USA) (NYSE:AEM) showed a positive weekly performance of 2.32%.
Barrick Gold Corporation (USA) (NYSE:ABX) has entered into an agreement with Malbex Resources Inc for the latter’s Del Carmen project in Argentina’s San Juan Province. Barrick will have the option of earning a 51% and then a 75% interest in this Project based on fulfilling certain expenditure requirements. Barrick has agreed to a subscription of an aggregate of 14,285,714 common shares of Malbex in line with the earn-in terms. The aggregate subscription price would be CAD1,000,000.The Joint Venture Company resulting from this agreement will initially be 95% owned by Malbex and 5% by Barrick. Barrick Gold Corporation (USA) (NYSE:ABX) shares advanced 2.40% in last trading session and ended the day on $17.89. ABX return on equity ratio is recorded as -65.60% and its return on assets is -25.00%. Barrick Gold Corporation (USA) (NYSE:ABX) yearly performance is -4.38%.
Shares of Gold Fields Limited (NYSE:GFI) have earned an average recommendation of “Hold” from the eleven brokerages that are currently covering the company, Analyst Ratings Net reports. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. Gold Fields Limited (ADR) (NYSE:GFI) shares moved up 7.20 % in last trading session and was closed at $ 4.32 while trading in range of $ 4.06 – $ 4.33 – year to date (YTD) performance is 35.85 %.
Goldcorp Inc. (USA) (NYSE:GG) will drop its C$3.2 billion ($2.9 billion) hostile bid for Osisko Mining Corp. (OSK), electing to walk away rather than increase the offer and risk overpaying, after Canadian rivals Yamana Gold Inc. (YRI) and Agnico Eagle Mines Ltd. reached a friendly takeover deal. Goldcorp Inc. (USA) (NYSE:GG) weekly performance is 5.34%. On last trading day company shares ended up $24.86. Goldcorp Inc. (USA) (NYSE:GG) distance from 50-day simple moving average (SMA50) is -4.42%. Analysts mean target price for the company is $29.86.
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