|Bid||19.06 x 0|
|Ask||19.11 x 0|
|Day's Range||18.16 - 19.10|
|52 Week Range||15.00 - 23.35|
|PE Ratio (TTM)||31.89|
|Forward Dividend & Yield||0.08 (0.56%)|
|1y Target Est||N/A|
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.
Gold prices in 2017 rose 11% as of December 27, 2017. Gold’s investment appeal faded in 2017 with equities making higher highs.
Looking to hedge equity exposure with Goldcorp Inc. (TSX:G)(NYSE:GG) and Barrick Gold Corporation (TSX:ABX)(NYSE:ABX)? Here are a few things to consider for 2018.
Bitcoin is on the verge of replacing gold as the world's safe haven currency. Find out if companies like Goldcorp Inc. (TSX:G)(NYSE:GG) deserve to feel threatened.
The overall physical gold demand in 2017 has remained lukewarm, with India bound by its new tax system and demonetization. In 3Q17, physical gold demand hit a nine-year low.
Year-to-date, Newmont Mining’s forward multiple has seen a decline of 3.2% along with a downward revision of 8.0% to its forward EBITDA estimates.
Newmont Mining’s mean consensus revenue for 2017 is $7.3 billion. This implies year-over-year (or YoY) growth of 8.1%.
Newmont Mining has been paying higher dividends every year. In 2014, it paid 10.0 cents per share, followed by 12.5 cents in 2015 and 25.0 cents per share in 2016.
Barrick Gold Corp is actively reviewing acquisitions and in the past 18 months considered at least one transformational deal, as it seeks to boost looming production declines and drive growth, four people familiar with the company’s thinking told Reuters. It marks a shift for Barrick, which has focused on selling assets to reduce debt in recent years, and signals a possible return to familiar territory as the world’s largest gold producer warms back up to dealmaking. A series of asset sales, including a 50-percent stake in Argentine gold mine Veladero to Shandong Gold Mining Co Ltd for $960 million earlier this year, has helped put Barrick on a stronger footing and top its debt reduction target this year.