|Bid||17.89 x 0|
|Ask||17.89 x 0|
|Day's Range||18.06 - 18.30|
|52 Week Range||15.00 - 19.32|
|PE Ratio (TTM)||28.27|
|Forward Dividend & Yield||0.10 (0.58%)|
|1y Target Est||N/A|
Goldcorp (GG) has operations across Canada, the United States, Mexico, Central America, and South America. You can learn more about Goldcorp in Market Realist’s An Investors’ Guide to Goldcorp. Currently, 20 Wall Street analysts are tracking GG stock, of which 70% recommend “buys,” 25% recommend “holds,” and 5% recommend “sells.” Its current target price of $18.0 implies a potential upside of 26% based on its current market price.
With shares of Teck Reources Ltd. (TSX:TECK.B)(NYSE:TECK) trading at a premium to tangible book value, investors may want to take a major short position.
Five Gold Stocks Analysts Love—and Five They Don'tGold mining companies Recently, gold prices (GLD) have resumed their downward trend, mainly due to the US dollar’s strength. The SPDR Gold Shares ETF (GLD) has fallen 0.2% as of June 14. The VanEck Vectors Gold Miners ETF (GDX) has had a worse showing at -2.5% YTD (year-to-date). Among senior miners, only Goldcorp (GG) has gained in the double digits, rising 12.1% YTD. Newmont Mining (NEM) is the only other senior gold miner to have gained positively YTD in 2018. Barrick Gold (ABX) and Kinross Gold (KGC), on the other hand, have fallen 9. ...
When Goldcorp Inc’s (TSX:G) announced its latest earnings (31 March 2018), I wanted to understand how these figures stacked up against its past performance. The two benchmarks I used wereRead More...
Some makers and sellers of gold coins and bars are turning to blockchain, the digital ledger that underpins bitcoin, hoping to add some cryptocurrency luster to bullion trading. Businesses from iced tea to photography have embraced blockchain in name, as last year’s cryptocurrency craze ignited interest in the technology. This year, producers and traders are experimenting with a platform that logs ounces of bullion on a digital chain of ownership and creates a representation of trades.
Truck drivers that had been blocking access for two weeks to a Mexican mine operated by Canadian miner Goldcorp (Toronto:G.TO - News) lifted their blockade and will negotiate their demands with the firm, protesters and company representatives said on Friday. Work at the company's Peñasquito mine, which is one of the top gold producers in Mexico, was not affected by the protests, said Michael Harvey, Goldcorp's director of corporate affairs in Mexico. Ascension Carrillo, one of the leaders of the truck drivers, also confirmed that the blockade was lifted.
Today we’re going to take a look at the well-established Goldcorp Inc (TSX:G). The company’s stock saw a double-digit share price rise of over 10% in the past couple ofRead More...
Goldcorp Inc. (TSX:G)(NYSE:GG) just made a new First Nations deal and announced a quarterly dividend, but does it beat this one other mining stock?
Which Gold Miners Could Show Upside Potential after Q1 2018? As precious metal prices started weakening, investors shifted their focus from high-leverage miners (GDX) (GDXJ) to low-leverage miners with sound growth plans, leading miners to trim their balance sheets. Newmont Mining’s (NEM) net debt at the end of the first quarter was ~$1 billion compared to $1.9 billion at the end of 2016.
Which Gold Miners Could Show Upside Potential after Q1 2018? AISC (all-in sustaining costs) is an encompassing measure that helps compare miners’ performances. The SPDR Gold Shares (GLD) is the largest physical gold-backed ETF and tracks the changes in physical gold prices.
After making discretionary cuts on exploration and capital expenditure for many years, gold miners (GDX) (JNUG) have started to refocus on production growth.
Which Gold Miners Could Show Upside Potential after Q1 2018? Barrick Gold (ABX) produced ~1.1 million ounces of gold in the first quarter, which reflects a decline of ~20% YoY. Barrick Gold has maintained its production guidance of 4.5 million–5 million ounces of gold in 2018, which implies a decline of ~11% compared to actual production in 2017 as measured at the midpoint.
Among the gold miners (RING) (GDX) we’re looking at in this series, only Goldcorp (GG) missed analysts’ earnings expectations. The reaction to the beats and misses and the extent of gold beats and misses varied among miners. In the broader equities market in the S&P 500 (SPY), 78% of miners that have released their first-quarter results have reported a positive earnings surprise, while 77% have reported a positive sales surprise. According to FactSet, these are the highest percentages since it started tracking the data in 2008.
Stocks like Agnico Eagle Mines Ltd. (TSX:AEM)(NYSE:AEM) could face volatility ahead of key meetings between North and South Korea and the United States.
Goldcorp (GG) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Will Gold Be an Inflation Hedge or Tumble on the Fed's Decisions? As we’ve been discussing in this series, gold tends to influence the movements of precious metals miners. Gold also tends to dominate the precious metals: silver, platinum, and palladium are known to closely track its movements.
Most precious metal mining stocks have fallen over the last few months due to falling gold prices. The US dollar’s revival has also impacted precious metals and mining stocks recently.
Precious metal mining companies usually follow precious metals. Precious metals seem to be in the doldrums lately over the strength in the US dollar and the potential movement of US interest rates. The recent slump in demand for haven assets has also affected mining stocks.
The deal between PVDC and AES Andres is likely to reduce the average cost of sales of the Pueblo Viejo mine and benefit Barrick Gold (ABX).
All four precious metals appreciated on May 10, as forecast by RSI (relative strength index) scores the previous day. Gold rose 0.73% to $1,320.80 per ounce. Silver rose ~1.4% to $16.70, platinum rose 0.98% to $926.50, and palladium rose 2.4% to $1,002. Technicals and macroeconomic events boosted precious metals.
Usually, precious metals mining companies follow precious metals. Precious metals seem to be in doldrums lately over the strength in the US dollar and the Federal Reserve’s decision to raise interest rates. The recent slump in demand for haven assets has also affected mining stocks.
Compared to its closest peers, Kinross Gold (KGC) has been a high-cost gold producer. As a result, Kinross is highly leveraged to gold prices compared to its peers (GDX) Goldcorp (GG), Barrick Gold (ABX), and Newmont Mining (NEM). In this part of the series, we’ll see how Kinross is trying to improve its unit costs.
Barrick Gold, Randgold Resources, Newmont Mining, Freeport McMoran and Goldcorp all make the short list for stocks to consider in this commodity segment -- but which of them are best positioned to prosper?