|Bid||17.99 x 0|
|Ask||18.00 x 0|
|Day's Range||17.93 - 18.21|
|52 Week Range||15.00 - 19.32|
|PE Ratio (TTM)||28.11|
|Earnings Date||Jul 25, 2018|
|Forward Dividend & Yield||0.10 (0.58%)|
|1y Target Est||18.22|
The past few weeks have been surprisingly painful for fans and followers of gold stocks. The SPDR Gold Shares Fund (NYSEARCA:GLD), an ETF that serves as a broad proxy for the overall gold market, has lost more than 6% of its value since peaking in March. There may be an opportunity tucked away in the unlikely, inexplicable weakness in gold stocks.
CHAPLEAU, Ontario/LONDON (Reuters) - Hundreds of feet below thick boreal forest blanketing the Canadian Shield, a squad of near-silent, battery-powered machines are tunnelling toward gold in a multimillion-dollar mining experiment to ditch diesel. Goldcorp Inc (G.TO) (GG.N) is building the world's first new all-electric mine, a high-stakes gambit to replace noisy, fume-belching equipment being closely watched by a diesel-dependent industry.
Goldcorp (GG) has operations across Canada, the United States, Mexico, Central America, and South America. You can learn more about Goldcorp in Market Realist’s An Investors’ Guide to Goldcorp. Currently, 20 Wall Street analysts are tracking GG stock, of which 70% recommend “buys,” 25% recommend “holds,” and 5% recommend “sells.” Its current target price of $18.0 implies a potential upside of 26% based on its current market price.
Five Gold Stocks Analysts Love—and Five They Don'tGold mining companies Recently, gold prices (GLD) have resumed their downward trend, mainly due to the US dollar’s strength. The SPDR Gold Shares ETF (GLD) has fallen 0.2% as of June 14. The VanEck Vectors Gold Miners ETF (GDX) has had a worse showing at -2.5% YTD (year-to-date). Among senior miners, only Goldcorp (GG) has gained in the double digits, rising 12.1% YTD. Newmont Mining (NEM) is the only other senior gold miner to have gained positively YTD in 2018. Barrick Gold (ABX) and Kinross Gold (KGC), on the other hand, have fallen 9. ...
When Goldcorp Inc’s (TSX:G) announced its latest earnings (31 March 2018), I wanted to understand how these figures stacked up against its past performance. The two benchmarks I used wereRead More...
Some makers and sellers of gold coins and bars are turning to blockchain, the digital ledger that underpins bitcoin, hoping to add some cryptocurrency luster to bullion trading. Businesses from iced tea to photography have embraced blockchain in name, as last year’s cryptocurrency craze ignited interest in the technology. This year, producers and traders are experimenting with a platform that logs ounces of bullion on a digital chain of ownership and creates a representation of trades.
Truck drivers that had been blocking access for two weeks to a Mexican mine operated by Canadian miner Goldcorp lifted their blockade and will negotiate their demands with the firm, protesters and company representatives said on Friday. Work at the company's Peñasquito mine, which is one of the top gold producers in Mexico, was not affected by the protests, said Michael Harvey, Goldcorp's director of corporate affairs in Mexico. Ascension Carrillo, one of the leaders of the truck drivers, also confirmed that the blockade was lifted.
Goldcorp to Release 2018 Second Quarter Results on July 25th; Conference Call and Webcast on July 26th
VANCOUVER , June 13, 2018 /PRNewswire/ - GOLDCORP INC . (TSX: G, NYSE: GG) will release its 2018 second quarter results after market close on Wednesday, July 25, 2018 , followed by a conference call and ...
NEW YORK, June 13, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Liberty ...
Canada's Goldcorp said on Monday an ongoing protest blocking entry to its Penasquito mine, one of Mexico's biggest gold producers, could force the company to halt output. The mine, in northern Zacatecas state, produced 476,000 ounces of gold last year, comprising 18 percent of Goldcorp's total production and generating more than 33 percent of its revenue. Michael Harvey, Goldcorp's director of corporate affairs, said the current blockade was illegal and had prevented the flow of workers and supplies.
Today we’re going to take a look at the well-established Goldcorp Inc (TSX:G). The company’s stock saw a double-digit share price rise of over 10% in the past couple ofRead More...
VANCOUVER , June 6, 2018 /CNW/ - GOLDCORP INC. (TSX:G.TO) (GG) ("Goldcorp" or "the Company") and three First Nation communities including Brunswick House First Nation (BHFN), Chapleau Cree First Nation (CCFN), and Chapleau Ojibwe First Nation (COFN) are pleased to announce the signing of an Impacts and Benefits Agreement (IBA) with respect to the development and operation of the Borden Gold project near the town of Chapleau in northern Ontario . Goldcorp now has collaborative agreements in place with 26 First Nations which assert Aboriginal and treaty rights in the vicinity of its operations in Canada .
LONDON, UK / ACCESSWIRE / June 5, 2018 / Active-Investors free stock reports for this morning include these Toronto Exchanges' equities from the Metals & Mining industry: Barrick Gold, B2Gold, Goldcorp, and HudBay Minerals. The TSX Venture Exchange shaved off 4.18 points, or 0.55%, to finish at 761.76. Today's stocks of interest consist of: Barrick Gold Corporation (TSX: ABX), B2Gold Corporation (TSX: BTO), Goldcorp Inc. (TSX: G), and HudBay Minerals Inc. (TSX: HBM).
VANCOUVER , June 4, 2018 /CNW/ - GOLDCORP INC. (TSX: G, NYSE: GG) is pleased to announce that its Board of Directors declared a second quarterly dividend for 2018 of $0.02 per share. Shareholders of record as of the close of business on Thursday, June 14, 2018 will be entitled to receive payment on Friday, June 22, 2018 . The DRIP and enrollment forms are available on the Company's website, www.goldcorp.com, in the "Investor – Information for Shareholders" section under "Information about Dividends".
TORONTO/VANCOUVER, June 1 (Reuters) - U.S. hedge fund Paulson & Co, led by long-time gold bull John Paulson, is set to name a group of investors that will work together to try to drive changes and better returns from gold mining companies after years of dismal industry performance, according to people familiar with the situation. The Shareholders Gold Council (SGC), expected to be launched as early as June, will have more than a dozen investors, including Delbrook Capital, Livermore Partners and Tocqueville Asset Management, one of the people said. Delbrook confirmed to Reuters that it will be part of the group.
Which Gold Miners Could Show Upside Potential after Q1 2018? As precious metal prices started weakening, investors shifted their focus from high-leverage miners (GDX) (GDXJ) to low-leverage miners with sound growth plans, leading miners to trim their balance sheets. Newmont Mining’s (NEM) net debt at the end of the first quarter was ~$1 billion compared to $1.9 billion at the end of 2016.
Which Gold Miners Could Show Upside Potential after Q1 2018? AISC (all-in sustaining costs) is an encompassing measure that helps compare miners’ performances. The SPDR Gold Shares (GLD) is the largest physical gold-backed ETF and tracks the changes in physical gold prices.
If there was any lingering doubt about the matter, it’s been wiped away within the past few weeks — inflation is upon us, and it’s here to stay. Expectations of three, if not four, rate hikes before the end of the year plainly says higher prices must be reined in before rampant inflation sparks an economic meltdown.
After making discretionary cuts on exploration and capital expenditure for many years, gold miners (GDX) (JNUG) have started to refocus on production growth.
Which Gold Miners Could Show Upside Potential after Q1 2018? Barrick Gold (ABX) produced ~1.1 million ounces of gold in the first quarter, which reflects a decline of ~20% YoY. Barrick Gold has maintained its production guidance of 4.5 million–5 million ounces of gold in 2018, which implies a decline of ~11% compared to actual production in 2017 as measured at the midpoint.
Among the gold miners (RING) (GDX) we’re looking at in this series, only Goldcorp (GG) missed analysts’ earnings expectations. The reaction to the beats and misses and the extent of gold beats and misses varied among miners. In the broader equities market in the S&P 500 (SPY), 78% of miners that have released their first-quarter results have reported a positive earnings surprise, while 77% have reported a positive sales surprise. According to FactSet, these are the highest percentages since it started tracking the data in 2008.