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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Barrick Gold Corporation    ABX   CA0679011084

BARRICK GOLD CORPORATION

(ABX)
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Barrick Gold : proposes to consolidate ownership of Acacia Mining with stock swap

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05/22/2019 | 07:13am EDT

TORONTOBarrick Gold Corp. has made a proposal to acquire the shares in Acacia Mining that it does not already own.

Under the proposal, Barrick, which holds a majority stake in the African gold miner, would swap 0.153 of a Barrick share for each Acacia share.

The offer implies a value for Acacia of US$787 million, and the total consideration for Acacia's minority shareholders at US$285 million.

The plan is subject to a number of customary conditions, including receiving the recommendation of the Acacia board.

Barrick says it has been working to help settle a tax dispute between Acacia and the government in Tanzania, but the African country is not prepared to enter into a settlement agreement directly with Acacia.

Acacia says it has been excluded from the negotiations and urged its shareholders to take no action on the Barrick proposal while its board reviews the situation.

Companies in this story: (TSX:ABX)

© 2019 The Canadian Press. All rights reserved., source Canadian Press DataFile

Stocks mentioned in the article
ChangeLast1st jan.
ACACIA MINING PLC -0.26% 234 Delayed Quote.27.66%
BARRICK GOLD CORPORATION -1.96% 22 Delayed Quote.21.76%
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Financials (USD)
Sales 2019 9 331 M
EBIT 2019 2 328 M
Net income 2019 904 M
Debt 2019 3 210 M
Yield 2019 0,96%
P/E ratio 2019 35,2x
P/E ratio 2020 20,6x
EV / Sales2019 3,52x
EV / Sales2020 2,99x
Capitalization 29 609 M
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Technical analysis trends BARRICK GOLD CORPORATION
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 19,56  $
Last Close Price 16,66  $
Spread / Highest target 39,8%
Spread / Average Target 17,5%
Spread / Lowest Target -14,0%
EPS Revisions
Managers
NameTitle
Dennis Mark Bristow President, CEO & Non-Independent Director
John Lawson Thornton Non-Independent Executive Chairman
Graham Patrick Shuttleworth Chief Financial Officer & Senior Executive VP
Gustavo A. Cisneros Independent Director
Joseph Brett Harvey Lead Independent Director
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