A Look at Valuation Catalysts for Goldcorp in 2018

Goldcorp (GG) has the highest EV-to-forward-EBITDA (enterprise value to forward earnings before interest, tax, depreciation, and amortization) multiple of 8.0x among its senior gold miner peers (GDX). Its production growth has remained muted for the last two years, and its costs have trended higher. As we’ve seen in the previous parts of this series, Goldcorp’s production, costs, and reserves are expected to improve significantly over the years, backed by a solid project pipeline, which is progressing on schedule and budget.