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Goldcorp Inc. Message Board

  • financesajeed financesajeed Sep 26, 2013 1:07 PM Flag

    GG and its turnaround.

    Goldcorp, Inc. (GG) having Head quarter in Vancouver, British Columbia has been facing challenge in the competitive business environment in the industry. Entry of some new and promising companies has been capturing market share of the existing player to some extent. In the market, there are some companies like PGLC, PVG, PPP, FNV are expanding their operation by showing challenges to other participants. The above has also been reflecting in the market price of shares of the respective company. The company has been considered as a slow item in the market due to its continuous price losing in the last one month. Closing price of GG wasUS$31.25 on August 25, 2013 which is now to US$26.62 with a price loss of US$ 5, this is unexpected to its shareholders. Low priced stock like PGLC are also attracting the investors due to possibility of short term capital gain. However, it is expected that the recent slowdown of GG is a temporary crisis which will be eliminated by its operational results which is expected to improve more in the next quarters. Buying and holding stocks in slow or bearish market folded in the bull market.

19.13-0.37(-1.90%)May 3 4:02 PMEDT