G.TO - Goldcorp Inc.

Toronto - Toronto Delayed Price. Currency in CAD
18.08
-0.16 (-0.88%)
At close: 3:59PM EDT
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Previous Close18.24
Open18.14
Bid18.08 x 0
Ask18.11 x 0
Day's Range17.98 - 18.29
52 Week Range15.00 - 20.23
Volume6,631,058
Avg. Volume2,388,372
Market Cap15.692B
Beta0.74
PE Ratio (TTM)23.79
EPS (TTM)0.76
Earnings DateApr 25, 2018
Forward Dividend & Yield0.10 (0.57%)
Ex-Dividend Date2018-03-14
1y Target Est18.43
  • Which Gold Miners Could See Valuation Upside after 1Q18 Earnings?
    Market Realist11 hours ago

    Which Gold Miners Could See Valuation Upside after 1Q18 Earnings?

    Among the senior mining companies under review in this series (GDX), Agnico Eagle Mines (AEM) is trading at the highest EV-to-forward EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiple, of 11.5x. As you can see in the graph below, AEM’s EBITDA margin is quite high. The company offers strong production growth, which is supported by a strong project pipeline.

  • Could Cerro Moro Be a Game-Changer for Yamana Gold?
    Market Realistyesterday

    Could Cerro Moro Be a Game-Changer for Yamana Gold?

    Yamana Gold’s (AUY) stock has also underperformed the gold miners’ index (GDX) year-to-date by returning -6.6% as of April 17. AUY’s 4Q17 results disappointed, with the company reporting earnings far below analysts’ expectations. Its EPS (earnings per share) were -$0.20, below analysts’ estimate of $0.03. The major factor driving the loss was a $356 million non-cash impairment charge related to the remeasurement of its Gualcamayo mine and related expansion projects in Argentina. Investors are wary of Yamana’s inconsistent operational results.

  • Could Goldcorp’s Strong Vision Keep Its Stock Buoyant after 1Q18?
    Market Realistyesterday

    Could Goldcorp’s Strong Vision Keep Its Stock Buoyant after 1Q18?

    After underperforming its peers in 2017, Goldcorp’s (GG) stock has outperformed YTD (year-to-date). It’s also one of the few major gold stocks to have recorded a positive return YTD performance of 12.5% as of April 17. In comparison, the VanEck Vectors Gold Miners ETF (GDX) has fallen 1.5% while the iShares Gold Trust (GLD) has gained 3.0%. Peers Barrick Gold (ABX), Kinross Gold (KGC), and Agnico Eagle Mines (AEM) have fallen.

  • What to Watch for on Barrick Gold’s 1Q18 Earnings Call
    Market Realist2 days ago

    What to Watch for on Barrick Gold’s 1Q18 Earnings Call

    Barrick Gold (ABX) generated negative returns amounting to 9.7% year-to-date (or YTD) as of April 17. The stock has significantly underperformed its close peers Goldcorp (GG), Newmont Mining (NEM), and Agnico Eagle Mines (AEM), which returned 12.5%, 10.9%, and -1.9%, respectively. The VanEck Vectors Gold Miners ETF (GDX) returned -1.5%.

  • What Mining Stocks’ Relative Strength Indicators Suggest
    Market Realist3 days ago

    What Mining Stocks’ Relative Strength Indicators Suggest

    The recent unrest in the markets has had a significant effect on precious metals and mining companies. The US dollar has a prominent role in influencing dollar-denominated precious metals and mining stocks.

  • Should You Be Tempted To Sell Goldcorp Inc (TSE:G) At Its Current PE Ratio?
    Simply Wall St.3 days ago

    Should You Be Tempted To Sell Goldcorp Inc (TSE:G) At Its Current PE Ratio?

    Goldcorp Inc (TSX:G) is currently trading at a trailing P/E of 18.9x, which is higher than the industry average of 10.3x. Although some investors may jump to the conclusion thatRead More...

  • Could these Gold Miners Beat Earnings Estimates in 1Q18?
    Market Realist3 days ago

    Could these Gold Miners Beat Earnings Estimates in 1Q18?

    We discussed analysts’ revenue estimates for gold miners in the previous part of this series. In this part, we’ll discuss what analysts expect for these gold miners’ (RING) earnings.

  • Are Higher Precious Metal Prices Accounted for in Miner Revenues?
    Market Realist3 days ago

    Are Higher Precious Metal Prices Accounted for in Miner Revenues?

    Analyst estimates for gold miners’ (GDX) revenues can give us a good idea about their outlook on gold prices (GLD) as well as companies’ production growth. In this part of our series, we’ll assess analysts’ revenue expectations for gold companies in 1Q18 and beyond. Analysts expect Barrick Gold (ABX) to generate revenues of ~$1.84 billion in 1Q18.

  • IMF Warns about Trade Conflict, Rising Debt, and Inflation
    Market Realist3 days ago

    IMF Warns about Trade Conflict, Rising Debt, and Inflation

    The International Monetary Fund (or IMF) issued an update to its world economic outlook on the eve of IMF and World Bank meetings in Washington this week. The IMF warned that a major trade rift between the US and China could threaten global economic growth, which otherwise should rise solidly this year. The agency still maintained its forecast of 3.9% for global economic growth, which would be the fastest rate of growth since 2011.

  • How Wall Street Sees Gold Miners ahead of 1Q18 Earnings
    Market Realist3 days ago

    How Wall Street Sees Gold Miners ahead of 1Q18 Earnings

    At extreme levels, these ratings could even signal a change in direction, so it’s important for investors to track this data. In the senior and intermediate gold miner space (GDX)(GDXJ), analysts are the most bullish on Goldcorp (GG), assigning it 65% “buy” and 5% “sell” ratings.

  • Why Haven’t Miners Kept Up as Gold Remains Buoyant?
    Market Realist4 days ago

    Why Haven’t Miners Kept Up as Gold Remains Buoyant?

    Gold prices rose ~3% year-to-date (or YTD) after rising ~13% in 2017. Gold prices are affected by a number of factors, including rate hike expectations, trade war fears, the US dollar, and increasing volatility.

  • Market Realist4 days ago

    How Closely Are Miners Tracking Gold?

    Usually, precious-metal-mining companies follow precious metals. Precious metals have risen over the past few days, supporting mining companies.

  • Financial Times5 days ago

    [$$] Digital market for metals raises $2.3m in seed funding

    A new digital marketplace for metals has raised $2.25m in seed funding, with investments from Canadian gold mining group Goldcorp and VC fund Xploration Capital. Launched in September last year, Open Mineral connects miners and their customers such as smelters, looking to buy or sell metal “concentrates”, or mineral ingredients processed into metals including copper and zinc. David Stephens, vice president of corporate development and marketing at Goldcorp, said: “Much of how we conduct business in the physical commodities market has stayed the same for decades.

  • Will Currency Wars Move the US Dollar after Trade War Concerns?
    Market Realist6 days ago

    Will Currency Wars Move the US Dollar after Trade War Concerns?

    Yesterday, Donald Trump accused Russia and China of devaluing their currencies. Trump tweeted that China and Russia are playing “the currency devaluation game as the U.S. keeps raising interest rates. Not acceptable!” Investors should note that this is a contradiction of the US Treasury, which had maintained that no major trading partners are manipulating their currencies.

  • How Geopolitical Tensions Could Affect Safe-Haven Assets
    Market Realist7 days ago

    How Geopolitical Tensions Could Affect Safe-Haven Assets

    Geopolitical risk has been one of the major drivers for equity markets and commodities lately. In the latest development, the US, France, and the United Kingdom launched military strikes on Syria over the weekend. Since the strikes were surgical and the pullback was prompt, risk assets haven’t seen much impact from the strikes yet. However, another round of strikes or Russian retaliation could put the markets in risk-off mode.

  • What Investors Need to Know About Goldcorp Stock
    Motley Fool9 days ago

    What Investors Need to Know About Goldcorp Stock

    While the stock of this gold mining giant has certainly had its ups and downs over the years, the future looks much brighter than the recent past.

  • Which Gold Miners Have Upside Potential after 1Q18
    Market Realist10 days ago

    Which Gold Miners Have Upside Potential after 1Q18

    Among the senior mining companies under review in this series (GDX), Newmont Mining (NEM) is currently trading at the highest EV-to-forward EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiple, of 8.3x. The company’s slower production growth added to its woes in 2017. Its follow-through on its long-term vision of improving reserves, production, and unit costs by 20% each by 2021 could go a long way in further re-rating its multiple. Barrick Gold’s (ABX) higher financial leverage is still a concern for investors, and the recent issues at its Tanzanian mines have added to its woes.

  • Reading the Movements of Miners’ Correlations with Gold
    Market Realist11 days ago

    Reading the Movements of Miners’ Correlations with Gold

    In this part of our series, we’ll look at the correlation between gold and four mining stocks: Royal Gold (RGLD), Goldcorp (GG), Sibanye Gold (SBGL), and Gold Fields (GFI). Mining stocks mostly move with gold prices, but not always. Among these four miners, Gold Fields has shown the highest correlation with gold, while Royal Gold has seen the lowest correlation with gold on a YTD (year-to-date) basis. 

  • How Analysts’ Recommendations for Gold Miners Changed in 1Q18
    Market Realist11 days ago

    How Analysts’ Recommendations for Gold Miners Changed in 1Q18

    On March 12, 2018, RBC (Royal Bank of Canada) downgraded Newmont Mining (NEM) to “underperform” from “sector perform,” and cut NEM’s stock price by $1 to $43. On January 16, 2018, Deutsche Bank (DB) downgraded Newmont from “buy” to “hold.” DB analyst Chris Terry believes that whereas the outlook for commodity prices seems bright, Newmont has a rich valuation and catalysts for the stock have already played out.

  • Gold Stocks AKG & HMY Shining Amid Trade, Syria Tensions
    Zacks11 days ago

    Gold Stocks AKG & HMY Shining Amid Trade, Syria Tensions

    Geopolitical tensions and lingering concerns over a trade war might reduce investors' appetite for riskier assets and fuel demand for safe-haven gold.

  • Gauging Gold Miners’ Upside Potential
    Market Realist11 days ago

    Gauging Gold Miners’ Upside Potential

    In 1Q18, gold prices (GLD) rose by just 1%. While gold prices have repercussions on gold miners’ performance based on their leverage, most miners’ price movements in 1Q18 have been driven by company-specific factors such as the release of 2017 results, reserves, and 2018 guidance. Among senior gold miners, analysts are most bullish on Goldcorp (GG), assigning it 65% “buy” and 5% “sell” ratings.

  • What Boosted Newmont and Goldcorp Stock in 1Q18
    Market Realist11 days ago

    What Boosted Newmont and Goldcorp Stock in 1Q18

    Newmont Mining (NEM) stock rose 2.4% in 1Q18 while Goldcorp (GG) stock rose 4.5%. Newmont Mining reported an earnings beat in 4Q17. The company’s production and unit costs were in line with its guidance.

  • Could Barrick Gold Reverse Its Fortune This Year?
    Market Realist12 days ago

    Could Barrick Gold Reverse Its Fortune This Year?

    Barrick Gold (ABX) has underperformed senior and intermediate peers (GDX) (GDXJ) as well as the broader benchmark index (GDX). Barrick has guided for production of 4.5 million–5.0 million ounces of gold in 2018, which implies a ~11% fall from the midpoint of its actual production in 2017. Barrick Gold raised its all-in sustaining cost guidance for 2018 to $765–$815 per ounce.

  • Moody's12 days ago

    Cometa Energia, S.A. de C.V. -- Moody's Assigns a Baa3 Rating to Cometa Energia's Proposed $907 million Notes; Outlook Stable

    Moody's Investors Service, ("Moody's") assigned an initial Baa3 rating to the coming issuance of $907 million Notes due 2035 by Cometa Energia, S.A. de C.V. ("Cometa"). The outlook ...