Gold News: Barrick Gold Corporation (USA) (ABX) Sells Mines, Goldcorp Inc. (USA) (GG) Agreement with Lac Seul First Nation, Kinross Gold Corporation (USA) (KGC)’s Rating

Editor’s Note: Barrick Gold Corporation (USA) (NYSE:ABX), Goldcorp Inc. (USA) (NYSE:GG), Kinross Gold Corporation (USA) (NYSE:KGC)

Three Barrick Gold Corporation (NYSE:ABX) mines moving to Gold Fields’ side of fence (GDP Insider)
Barrick Gold Corporation (USA) (NYSE:ABX) announced that it will be selling-off 3 of its mines located in the Australia, to Gold Fields Ltd. The South Africa based miner will be buying these mines called the Yilgarn South Assets, for $300M. This sale will be subject to all the customary condition and the Australian Foreign Investment Review Board approval will be necessary.

Barrick Gold Corporation (USA) (NYSE:ABX)

Goldcorp, Lac Seul sign collaboration agreement (Northern Business)
Goldcorp Inc. (USA) (NYSE:GG) and Lac Seul First Nation (Obishikokaang) have signed a collaboration agreement surrounding operations at Red Lake Gold Mines. The Obishikokaang Collaboration Agreement sets out a framework for continued consultation and support for current and future operations of the mine and defining the long-term benefits for the First Nation. A signing ceremony was held Friday, August 16, in the Municipality of Red Lake.

Kinross Gold Corp Receives “Neutral” Rating from Zacks (KGC) (Mideast Times)
Kinross Gold Corporation (USA) (NYSE:KGC)‘s stock had its “neutral” rating reaffirmed by Zacks in a research note issued on Monday, Stock Ratings Network reports. They currently have a $6.25 price objective on the stock. Zacks‘ target price would suggest a potential upside of 7.02% from the stock’s previous close. Kinross Gold traded up 0.17% on Monday, hitting $5.85. 6,753,393 shares of the company’s stock traded hands. Kinross Gold Corporation (USA) (NYSE:KGC) has a 1-year low of $4.53 and a 1-year high of $11.20. The stock has a 50-day moving average of $5.26 and a 200-day moving average of $6.21. The company’s market cap is $6.684 billion.

Cash Dividend On The Way From Barrick Gold (ABX) (Forbes)
Looking at the universe of stocks we cover at Dividend Channel, on 8/28/13, Barrick Gold Corporation (USA) (NYSE:ABX) will trade ex-dividend, for its quarterly dividend of $0.05, payable on 9/16/13. As a percentage of ABX’s recent stock price of $20.23, this dividend works out to approximately 0.25%. In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from Barrick Gold Corporation (USA) (NYSE:ABX) is likely to continue, and whether the current estimated yield of 0.99% on annualized basis is a reasonable expectation of annual yield going forward.

The Smart Money Is Bailing On Goldcorp Inc. (USA) (GG) (Insider Monkey)
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