$ABX

3 stories mentioning ABXUpdated 33d ago

Every FINWIRES story that references ABX, newest first.

Abacus Global Management, Manning & Napier Form Strategic Alliance

Abacus Global Management (ABX) and Manning & Napier said Wednesday they have entered a strategic alliance agreement and announced the closing of Abacus's minority equity investment of about $53 million in Manning & Napier.The companies said the partnership aims to create value in three core areas, including lead generation and referrals, product development and distribution, and joint client solutions.The agreement allows both companies to collaborate more closely by combining Abacus's longevity data and actuarial expertise with Manning & Napier's investment management and financial planning capabilities, the companies added.Price: $9.58, Change: $+0.02, Percent Change: +0.21%

$ABX

Research47d ago

Research Alert: CFRA Maintains Buy Rating On Shares Of Barrick Mining Corporation

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We increase our 12-month target by CAD1 to CAD77, on an EV/EBITDA of 5.3x applied to our 2027 EBITDA estimate, vs. Barrick's three-year avg. fwd EV/EBITDA of 5.2x and peers' avg. of 5.7x. We raise our 2026 EPS estimate by USD0.24 to $4.04 and 2027 by USD0.38 to USD4.63. Production guidance is maintained at 2.90-3.25M gold ounces and 190-220k tonnes of copper, with sequential increases through the year. A strong fundamental position is underpinned by robust FCF generation, with Q1 FCF surging 195% Y/Y to $1.2B, reflecting significant operating leverage to higher gold prices. The balance sheet remains strong with $2.4B in net cash. Key growth catalysts include the Lumwana expansion (Q1 2028 first production), advancing Fourmile project (potential Tier-One asset), and the planned year-end North American IPO, which should unlock value. With improving operational consistency, a de-risked portfolio focus, and strong leverage to gold prices, we believe Barrick is well-positioned to deliver sustainable value creation.

$ABX

Research50d ago

Research Alert: Barrick Mining Posts Q1 Sales And Eps Beat, Production Beats Guidance

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Barrick Mining posted Q1 adj. EPS of USD0.98 vs. USD0.35 in the prior year, USD0.17 above consensus, with sales of USD5.2B up 66% Y/Y and 8% above the Street's estimates. Gold production of 719k ounces exceeded guidance by 9% at the mid-point, owing to Nevada Gold Mines' performance and a faster Loulo ramp-up following the Mali resolution. The production beat validates management's operational focus under Hill's leadership and demonstrates leverage in Barrick's cost structure as gold prices remain elevated. Management reaffirmed 2026 guidance for gold production of 2.90M-3.25M ounces and copper production of 190k-220k tonnes. Attributable FCF surged 195% Y/Y to USD1.21B while the company maintains net cash of USD2.41B, enabling a USD0.175 quarterly dividend and new USD3.0B buyback authorization. The targeted year-end 2026 North America IPO remains on track, which we continue to view as a significant value unlock opportunity for the Nevada Gold Mines, Pueblo Viejo, and Fourmile assets in stable jurisdictions.

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