Barrick Gold (GOLD, $13.35 ) makes $18 billion bid for Newmont Mining (NEM, $36.48), to create world's biggest gold company
On Monday, Barrick Gold Corp. announced its formal bid for acquiring Newmont Mining Corp. to create the world’s largest gold mining company.
Barrick Gold’s proposed merger would be an all-share deal of close to $18 billion, involving an exchange ratio of 2.5694 Barrick shares for each Newmont share. According to Barrick CEO Mark Bristow, the merger would lead to the unlocking of $7 billion net present value in real synergies. Barrick views the two firms’ combined assets in Nevada to be a major potential driver of value for the proposed combined entity.
If the merger goes through, Barrick would own 55.9% stake in the combined company, while Newmont investors would hold 44.1%. The combined company might offer Newmont's annual dividend of 56 cents per share to shareholders. According to Barrick, the merger if approved would lead to an estimated 14% increase in Newmont's current net asset value per share.
Bristow is apparently hoping that the deal would not only result in creating the world’s “best gold company”, but also boost the overall gold industry’s prospects. "Considered globally, the merger represents a radical and long-overdue restructuring of the gold industry, and a transformative shift from short-term survival tactics to the long-term creation of sustainable value," Bristow said. Since 2013, gold futures have hardly been able to push past the price range of $1,000 to $1,400 per ounce.
This is not the only instance in recent times of Barrick apparently trying to concentrate its position in the market for gold. Last month, Barrick bought rival Randgold Resources for $6.1 billion.
GOLD in +3.57% Uptrend, rising for three consecutive days on July 06, 2026
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where GOLD advanced for three days, in of 340 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for GOLD just turned positive on July 01, 2026. Looking at past instances where GOLD's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .
The 10-day moving average for GOLD crossed bullishly above the 50-day moving average on July 07, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 273 cases where GOLD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 58 cases where GOLD's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on July 08, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on GOLD as a result. In of 75 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
GOLD moved below its 50-day moving average on July 08, 2026 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where GOLD declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Fundamental Analysis (Ratings)
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. GOLD’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 85, placing this stock slightly better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.413) is normal, around the industry mean (3.857). P/E Ratio (13.446) is within average values for comparable stocks, (48.813). Projected Growth (PEG Ratio) (1.513) is also within normal values, averaging (1.817). Dividend Yield (0.019) settles around the average of (0.034) among similar stocks. P/S Ratio (0.047) is also within normal values, averaging (31.344).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
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a miner and explorer of gold
Industry InvestmentBanksBrokers
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