On Monday, Shares of Barrick Gold Corporation (NYSE:ABX), gained 2.47% to $7.87.
Barrick Gold Corporation declared that it has implemented its formerly declared dividend reinvestment plan. Shareholders who are residents of Canada or the United States may elect to take part in the Plan commencing with the dividend to be paid on September 15, 2015 to shareholders on record as of August 31, 2015. Participation in the Plan is optional and will not affect shareholders’ cash dividends unless they elect to take part in the Plan. Quarterly dividends are only payable as and when declared by Barrick’s Board of Directors and there is no entitlement to any dividend preceding thereto.
The Plan allows shareholders to reinvest their cash dividends into additional common shares issued from treasury at a three percent discount to the Average Market Price. Barrick may, from time to time, in its discretion, change or eliminate the discount to the common shares issued from treasury under the Plan. No commissions, service charges or brokerage fees are payable by shareholders who elect to take part in the Plan.
Barrick Gold Corporation produces and sells gold and copper. The company is also involved in exploration and mine development activities. It conducts mining, development and exploration, and other activities in various countries, counting the United States, Canada, Australia, Argentina, Chile, Peru, the Dominican Republic, Papua New Guinea, Tanzania, Zambia, and Saudi Arabia.
Shares of Encana Corporation (NYSE:ECA), declined -0.44% to $6.83, during its last trading session, as oil fell about 1 percent on Monday, with U.S. crude settling within range of a new 6-1/2-year low, after No. 3 oil consumer Japan said its economy contracted in the second quarter and China’s slowdown continued to weigh on sentiment, according to Reuters.
U.S. light crude CLc1 settled down 63 cents, or 1.5 percent, at $41.87 a barrel. Monday’s intraday low of $41.64 came within striking distance of Friday’s low of $41.35, the weakest front-month price since March 2009. Trading in expiring options for U.S. crude dominated the action. Reuters Reports
Brent LCOc1, the global crude benchmark, settled down 45 cents, or nearly 1 percent, at $48.74 a barrel. It earlier hit a session low of $48.35, about $3 above its six-year low of $45.19 set in January. Reuters added.
Encana Corporation, together with its auxiliaries, engages in the development, exploration, production, and marketing of natural gas, oil, and natural gas liquids in Canada and the United States.
Finally, PNM Resources, Inc. (NYSE:PNM), ended its last trade with 1.19% gain, and closed at $28.08.
PNM Resources administration will hold a conference call Friday, Aug. 28 at 11 a.m. Eastern to talk about PNM’s general rate case filing. PNM anticipates to file with the New Mexico Public Regulation Commission on Aug. 27 for an enhance in electric rates.
PNM Resources, Inc., together with its auxiliaries, operates in energy and energy-related businesses in the United States. It is primarily involved in the generation, transmission, and distribution of electricity. The company generates electricity using coal, nuclear fuel, natural gas, solar, geothermal, and wind energy sources. It also provides regulated transmission and distribution services.
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