|Bid||16.26 x 0|
|Ask||16.28 x 0|
|Day's Range||16.06 - 16.33|
|52 Week Range||15.00 - 22.44|
|PE Ratio (TTM)||21.41|
|Forward Dividend & Yield||0.07 (0.56%)|
|1y Target Est||N/A|
As gold prices rally, gold stocks such as Agnico-Eagle Mines Ltd. (TSX:AEM)(NYSE:AEM) rise, and the safe haven that is gold becomes increasingly appealing.
Goldcorp's (GG) adjusted earnings in Q4 miss the Zacks Consensus Estimate. It expects gold production to be around 2.5 million ounces for 2018 while AISC is expected to improve to $800 per ounce.
Goldcorp (GG) got the earnings season for gold miners off to a nice start with fourth-quarter profits that beat the Bloomberg consensus by 17 cents. Then Barrick Gold (ABX), the world's biggest gold producer by ounces, reported an adjusted net earnings result of 22 cents a share, which beat the Bloomberg consensus estimate by a penny. Clearly Goldcorp, which Barron's touted in a lengthy feature story last month, has the most to crow about with its results.
Three major gold miners will report earnings in the next two days. As weary investors have known for years, the metal itself or financial equivalents like SPDR Gold Trust (GLD) are usually the better bet than the leading companies who mine for the metal. And that's even the case when the price of the metal is rising, which theoretically, at least, is supposed to be a time when the miners outperform the metal. Over the past 12 months, thanks in part to a falling dollar and solid global economic growth, the price of gold has risen, with SPRD Gold Trust up 8% almost half of the gain of the S&P 500 during that period.
It's been a rocky start for the markets in 2018. Find out why it makes sense to park your money in a safe place like shares of BCE Inc. (TSX:BCE)(NYSE:BCE) amid the recent turbulence.
Goldcorp Inc. (TSX:G)(NYSE:GG) is among gold stocks that offer a safe haven with strong growth ahead.
Canada's main stock index slumped to a four-month low on Friday, with natural resource shares leading broad based declines as commodity prices dropped and higher bond yields pressured global equity markets. ...
Barrick Gold Corp. (TSX:ABX)(NYSE:ABX) and Goldcorp Inc. (TSX:G)(NYSE:GG) are two names to keep an eye on if you think the gold rally has legs.
Bitcoin and other cryptocurrencies are getting hammered by regulators across the globe, which could boost equities such as Goldcorp Inc. (TSX:G)(NYSE:GG).
Credit Suisse has upgraded shares of Goldcorp (GG), a gold-mining stock that Barron's touted in a recent feature article. On Tuesday morning, Credit Suisse analysts upgraded Goldcorp to "outperform," based on attractive growth, cash flow and valuation." The firm also increased Goldcorp's target price from $15.50 to $19.00 a share. Shares of the miner were up 4.3%, to $14.96 a share in midday trading.
Goldcorp, the world's fifth-biggest gold miner by market value, has made several acquisitions and sales in the past two years, including the purchase last March of a 50 percent stake in the Cerro Casale gold in Chile, one of the world's largest undeveloped gold deposits. Goldcorp said earlier that it expects its costs on an all-in sustaining basis to decline to around $800 an ounce in 2018 from around $825 an ounce in 2017. Goldcorp's stock was down 2.6 percent, sliding along with other gold shares on a weaker gold price.
The last trading day of 2017 witnessed an upswing in precious metal prices. Gold, silver, and platinum rose 0.94%, 1.4%, and 0.79%, respectively.
Along with 20% improvement in production and costs, Goldcorp (GG) laid out its plan in January 2017 to achieve a 20% increase in reserves by 2021.
The PowerShares DB Gold Fund (DGL) and the VanEck Merk Gold Trust (OUNZ) rose 2.2% over the five trading days leading up to December 27, 2017.
Are you looking for undervalued stocks? Goldcorp Inc. (TSX:G)(NYSE:GG), Lundin Mining Corp. (TSX:LUN), and Cascades Inc. (TSX:CAS) are three top stocks to buy this year.
In addition to increasing production by 20%, Goldcorp (GG) aims to reduce its AISC (all-in sustaining costs) by 20% by 2021.