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Is Goldcorp’s Valuation Rerating Possible in 2018?

Annie Gilroy
Is Goldcorp’s Valuation Rerating Possible in 2018?

Can Goldcorp Continue Its Outperformance after a Weak 1Q18? After Newmont Mining’s (NEM) multiple of 8.7x, Goldcorp (GG) has the highest EV-to-forward-EBITDA multiple of 7.4x among its senior gold miner peers (GDX). Its production growth has remained muted for the last two years, and its costs have trended higher.