Watch List: Goldcorp Inc. (USA) (NYSE:GG), Yamana Gold (NYSE:AUY), Barrick Gold Corporation (NYSE:ABX), Newmont Mining Corp (NYSE:NEM)

Posted by on Apr 21, 2014

GOLDCORP INC. (NYSE:GG) announced that it has reviewed the recently-filed agreements and documentation relating to the proposed alternative transaction that were publicly-disclosed for the first time on Friday April 11, 2014 by Osisko Mining Corporation (“Osisko”) and Yamana Gold Inc. (“Yamana”).  Based on numerous questions received from Osisko shareholders trying to compare the alternative transaction to the Goldcorp offer, the review has identified a number of important aspects of this highly-complex transaction that were not previously publicly disclosed by Osisko or Yamana in the press release of April 2, 2014 announcing the transaction. Goldcorp Inc. (USA) (NYSE:GG) shares after opening at $23.82 moved to $24.07 on last trade day and at the end of the day closed at $23.60. Company price to sales ratio in past twelve months was calculated as 5.21 and price to cash ratio as 30.75. Goldcorp Inc. (USA) (NYSE:GG) showed a negative weekly performance of -3.59%.

Yamana Gold Inc. (USA) (NYSE:AUY), Agnico Eagle Mines Limited and Osisko Mining Corporation announce that they all have now entered into an agreement pursuant to which Agnico Eagle and Yamana will jointly-acquire 100% of the Osisko issued & outstanding common-shares for the total consideration of around C3.9B or C8.15 per share. This total offer consists of around C1.0B in cash, around C2.33B in Yamana & Agnico Eagle shares, & the shares of the new company with the implied value of around C575 million. This offer represents around an 11 percent premium to implied value of a current hostile bid from Goldcorp Inc. Yamana Gold Inc. (USA) (NYSE:AUY) shares fell -0.75% in last trading session and ended the day on $7.96. AUY return on equity ratio is recorded as -5.80% and its return on assets is -3.80%. Yamana Gold Inc. (USA) (NYSE:AUY) yearly performance is -28.93%.

Barrick Gold Corporation (USA) (NYSE:ABX)’s shareholders have in the recent past revolted against the company’s proposed pay package to its top executives. Now, they are being advised to vote in favor of the latest plan. The world largest gold producer has confirmed it has factored in shareholder’s concerns, coming up with a new governance structure as well as a compensation plan. Barrick Gold Corporation (USA) (NYSE:ABX) shares moved down -1.86% in last trading session and was closed at $17.98, while trading in range of $17.95-$18.44. Barrick Gold Corporation (USA) (NYSE:ABX) year to date performance is 2.22%.

Barrick Gold Corp. and Newmont Mining Corp (NYSE:NEM) recently held abortive talks over a deal that would have combined the world’s two largest gold producers at a time when they are battling a sharp drop in the price of gold, according to people familiar with the matter. Newmont Mining Corp (NYSE:NEM) weekly performance is -5.04%. On last trading day company shares ended up $23.54. Newmont Mining Corp (NYSE:NEM) distance from 50-day simple moving average is -1.34%. Analysts mean target price for the company is $25.50.

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