GG - Goldcorp Inc.

NYSE - NYSE Delayed Price. Currency in USD
11.19
0.00 (0.00%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Previous Close11.19
Open11.38
Bid11.12 x 41800
Ask11.45 x 38500
Day's Range11.15 - 11.49
52 Week Range8.42 - 14.42
Volume34,060,568
Avg. Volume22,217,178
Market Cap9.733B
Beta (3Y Monthly)0.36
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.08 (0.70%)
Ex-Dividend Date2019-03-13
1y Target EstN/A
Trade prices are not sourced from all markets
  • Goldcorp (GG) Expected to Beat Earnings Estimates: Should You Buy?
    Zacks4 days ago

    Goldcorp (GG) Expected to Beat Earnings Estimates: Should You Buy?

    Goldcorp (GG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Financial Times6 days ago

    Miners slide as gold price hits lowest level of the year

    Gold fell more than 1 per cent on Tuesday to its lowest level this year, dragging the share prices of many producers and explorers along for the ride. Down 1.1 per cent at $1,273.86 an ounce, the metal’s price was at its lowest level since December 26, when the stock market began to recover from a sharp sell-off that left it on the precipice of bear market territory. On the Toronto Stock Exchange, Barrick Gold was down 3.2 per cent and Goldcorp was off 1.5 per cent.

  • Benzinga9 days ago

    Canopy Growth To Replace Goldcorp In The S&P/TSX 60 Index

    Cannabis brand Canopy Growth Corporation (TSX: WEED) (NYSE: CGC ) announced it will join the S&P/TSX 60 Index, replacing Goldcorp Inc. (NYSE: GG ) on the Index. Canopy’s addition to the S&P/TSX 60 Index ...

  • Investing.com9 days ago

    Cannabis Stock Canopy Growth Playing With the Big Boys, up Midday

    Investing.com - The green weed is in and the yellow metal is out.

  • Newmont shareholders OK $10 billion Goldcorp takeover, creating biggest gold producer
    Reuters10 days ago

    Newmont shareholders OK $10 billion Goldcorp takeover, creating biggest gold producer

    Newmont Mining shareholders on Thursday approved the company's $10 billion takeover of Goldcorp Inc which is set to create the world's biggest gold producer with assets across the Americas, Africa and Australia. About 98 percent of votes at a special meeting were in support of Newmont's proposal to issue new stock to fund its takeover of Goldcorp, the Denver-based company said in a statement. Goldcorp's investors voted to approve the acquisition last week.

  • Bloomberg11 days ago

    Newmont Bondholder Revolt May Put Barrick on Hook for Debt

    (Bloomberg) -- Barrick Gold Corp. could find itself partially liable for $600 million in additional debt if some Newmont Mining Corp. bondholders have their way.

  • Reuters12 days ago

    Valcambi loses deal to refine Newmont's gold - sources

    Swiss gold refiner Valcambi has lost a contract to refine around 4 million ounces of gold a year from Newmont Mining Corp, one of the world's biggest producers, five sources familiar with the matter told Reuters. U.S.-based Newmont put the contract up for tender last year and has split the business between three of Valcambi's rivals - Asahi in the United States and Argor-Heraeus and PAMP in Switzerland, the sources said. Valcambi, Argor-Heraeus, PAMP, Asahi and Newmont all declined to comment.

  • Newmont's Buyout Offer Cleared by Goldcorp's Shareholders
    Zacks13 days ago

    Newmont's Buyout Offer Cleared by Goldcorp's Shareholders

    Newmont (NEM) expects the deal to close in Q2, which is subject to approval by Newmont's shareholders along with satisfaction of customary closing conditions and regulatory approvals.

  • Reuters16 days ago

    PRESS DIGEST - Canada - April 5

    The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. THE GLOBE AND MAIL ** Goldcorp Inc shareholders have voted ...

  • How to Extract Profits From Wheaton Precious Metals Stock
    InvestorPlace17 days ago

    How to Extract Profits From Wheaton Precious Metals Stock

    Do you want to have your cake and eat it too? Or better yet, how about enjoying leadership and relative strength at the start of a new bull market? Then look no further than Wheaton Precious Metals (NYSE:WPM) stock to mint some big-time profits.Source: Shutterstock Has the market run its course? It's a popular question these days given the U.S. averages' stellar first-quarter run. But rather than simply run away in fear or run toward equities with open arms due to fear of missing out, purchasing streaming metals outfit Wheaton Precious Metals stock looks like a great hedged bet.Formerly known as Silver Wheaton Mining, WPM is in the business of purchasing metals via negotiated fixed-price contracts called streaming. And it's a good business to be in and for other investors taking stock in shares of Wheaton Precious Metals as well.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe low-cost deals in exchange for upfront capital, which Wheaton Precious Metals secures are with other producers such as Vale S.A. (NYSE:VALE), Goldcorp (NYSE:GG), Pan American Silver (NASDAQ:PAAS) and Barrick Gold (NYSE:ABX). * 10 Medical Marijuana Stocks to Cure Your Portfolio The business doesn't make WPM the proverbial house like Vegas, but these high margin contracts do allow WPM stock to offer investors stronger cost predictability, direct leverage to increasing precious metals prices and a high-quality asset base.Now with silver, gold and other metals finding price floors and WPM smartly diversifying and growing its portfolio away from silver in this overall stronger operating environment, conditions on the WPM stock chart also look good for investors interested in going long. Wheaton Precious Metals also has less risk and greater upside potential at current levels. WPM Stock Daily Chart Click to EnlargeWithin the metals complex, WPM stock has proven itself a technical leader in 2019. Shares have displayed relative strength compared to its peer group with a year-to-date gain of around 19%. But that's not all Wheaton Precious Metals stock has going for it.In 2019 and on the heels of confirming a combination double-bottom with an explosive mid-December bullish gap, WPM has minted an uptrend. The bullish foundation looks even more durable as the series of higher highs and lows began with a solid-looking breakout in January.The breakout sent shares firmly into bull territory after toiling in a congestion pattern with the longer-term, 200-day simple moving average for a handful of weeks. And Wheaton Precious Metals stock has never looked back.Now, with shares pulling back over the course of several sessions, it's time to consider buying WPM shares on weakness as technical support for the uptrend is tested. How would I approach a purchase of Wheaton Precious Metals stock in today's market? With Wheaton Precious Metal stock's stochastics oversold, but not yet showing a crossover signal, having a bit of constraint to avoid potentially catching a knife makes sense.Specifically and to help avoid any larger corrections, my suggestion is to simply wait for confirmation of a pivot low on the daily chart before buying WPM.If a buy trigger does occur but shares fail to follow-through on the upside, keeping a stop tethered to the trend's newly formed show of support makes a good deal of technical sense. This exit also offers investors stronger "cost predictability" in Wheaton Precious Metals stock and that makes it worth betting on here.Disclosure: Investment accounts under Christopher Tyler's management do not currently own positions in any securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional options-based strategies, related musings or to ask a question, you can find and follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Low-Priced Tech Stocks With Great Potential * 9 Stocks That Would Be Hurt By a Mexico/U.S. Border Closure * The Era of Car Ownership Is Over. And These 4 Charts Prove It Compare Brokers The post How to Extract Profits From Wheaton Precious Metals Stock appeared first on InvestorPlace.

  • Goldcorp shareholders approve Newmont's $10 billion takeover offer
    Reuters17 days ago

    Goldcorp shareholders approve Newmont's $10 billion takeover offer

    Goldcorp shareholders approved Newmont Mining Corp's $10 billion takeover offer on Thursday, removing one of the last remaining hurdles to create the world's largest gold producer. While some Goldcorp shareholders had voiced concerns in recent weeks, in the end there was little push back against blessing the biggest-ever corporate takeover in the gold sector's history, according to Refinitiv data. The deal, which would create a company with assets in the Americas, Africa and Australia, will be voted on by Newmont shareholders next Thursday.

  • Goldcorp shareholders approve Newmont's $10 billion takeover offer
    Reuters17 days ago

    Goldcorp shareholders approve Newmont's $10 billion takeover offer

    While some Goldcorp shareholders had voiced concerns in recent weeks, in the end there was little push back against blessing the biggest-ever corporate takeover in the gold sector's history, according to Refinitiv data. The deal, which would create a company with assets in the Americas, Africa and Australia, will be voted on by Newmont shareholders next Thursday. About 97 percent of Goldcorp's outstanding shares that were voted at a special meeting were cast in favor of the deal, the company said in a statement.

  • Bloomberg17 days ago

    Goldcorp Shareholders Approve Newmont’s $10 Billion Takeover Bid

    Greater than 97 percent of Goldcorp shareholders voted for the merger at a special meeting in Vancouver, the miner said Thursday in a statement. The deal would see Colorado-based Newmont pay 0.3280 of its shares for each Goldcorp share, plus two cents. The Goldcorp ballot required at least two-thirds of shareholders who voted to approve the deal.

  • Investors Have Little Reason to Stick With Goldcorp Stock
    InvestorPlace18 days ago

    Investors Have Little Reason to Stick With Goldcorp Stock

    It's hard not to feel for the owners of Goldcorp (NYSE:GG) stock. GG stock has been one of the worst-performing stocks this decade, dropping from its 2011 highs of $55 to below $10 in October.Source: Shutterstock At those lows, GG's management continued to talk up the company's turnaround plan. then promptly sold the company to Newmont Mining (NYSE:NEM). The all-stock deal offered only a modest premium for the owners of Goldcorp stock, which promptly plunged as NEM 's shares sold off following the announcement of the deal. * Should You Buy Q1's 6 Best-Performing S&P 500 Stocks? GG stock has rallied since then. But although it's above $11, GG stock still trades at a massive discount to its former valuation. With Barrick Gold (NYSE:GOLD) apparently backing off its plans to bid for Newmont, the spread assigned Goldcorp stock has narrowed as well. Goldcorp investors will receive 0.328 shares of NEM stock for each Goldcorp share. That currently values GG stock at about $11.75, just a 2.5% premium (or deal spread) to the current price of $11.47.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn other words, what GG stock right now provides is ownership of Newmont Mining stock, at a small discount. It's difficult to see why that is an attractive proposition. The First Big Problem With Gold StocksThe problem with gold stocks remains relatively simple. Gold stocks should provide leverage to the price of gold, meaning they outperform when gold goes up, and underperform when gold goes down.A simple example is instructive. If gold is at $1,000 an ounce, and a company's all-in costs are $800, the company's pre-tax profit should be $200 an ounce. Cut the price of gold 20%, to $800, and its profits drop 100% to basically zero. The company's stock likely falls substantially in this scenario, certainly more than the 20% drop in the value of the underlying commodity.Raise gold prices 20%, however, to $1200, and profits now double. And the stock should rise much more than 20% (even if the stock won't necessarily double, as investors may see some risk that gold prices will pull back). In short, and in theory, the move of underlying gold prices should be magnified by gold stocks.In practice, though, there are two real problems with this theory. The most notable problem is that major gold miners have failed spectacularly to give shareholders that leverage. Barrick has been the most notable disaster, as I wrote last year, but other majors have performed equally poorly.Over the past decade, gold has gained about 35% (in U.S. dollars). During that time, GG stock has lost 66% of its value. Barrick stock is down 58%. Newmont has been the best of the majors,and it has declined 20%. With dividends, NEM shareholders probably have broken even.All of these stocks should be rising faster than gold prices, yet they haven't. Whether the prolem is excessive executive compensation, geopolitical problems, sheer execution, or some combination of them major miners have failed to provide positive returns. The Second Big ProblemThat history leads to a simple question: if an investor is bullish on gold, why would she buy gold miner stocks in general and shares of the major miners in particular? Smaller miners have shown some ability to provide returns, with Kirkland Lake Gold (NYSE:KL) perhaps the best example of late. The diversified, large, majors, however, have made money for their employees , executives,and lawyers, but not for their shareholders.And if those shareholders see gold moving higher, there are ways to make that bet without the messy aspects of actual mining. ETNs like the VelocityShares 3x Long Gold ETN (NASDAQ:UGLD) or the DB Gold Double Long ETN (NYSEARCA:DGP) offer leveraged exposure. Options trades (though only suitable for advanced investors who understand the trades) similarly can provide weighted upside to gold prices.To be sure, those strategies entail risk - but the performance of miners over time shows there's plenty of risk in those trades as well. NEM stock, for instance, sits below 1990 levels. And if gold prices tumble, mining stocks are going to do the same. Why GG or NEM?So if an investor is going to buy GG stock - which essentially implies NEM stock - she has to believe that something is going to change. Either miners will become more efficient, Newmont will outperform, or the Goldcorp deal is a good one.That's a tough case to make at this point. Miners are trying to focus more on profitability and cash flow, instead of production. That hasn't done much for share prices of late, however. Recently, Newmont has done better than its major mining peers, but it's hardly done well.As far the Goldcorp deal, it's important to ask one simple question: why was the deal made? If Goldcorp's assets are so valuable, why is Goldcorp's management selling them at a modest premium to GG stock when Goldcorp stock is at a 15-year low? The owners of GG stock aren't even getting any cash in the deal.Some investors have pointed to the payout being received by Goldcorp CEO David Garofalo and Chairman Ian Telfer. But Garofalo, in particular, has nearly 900,000 shares, restricted stock units, and rights - enough to suggest he would participate in any rally of GG stock on a Goldcorp turnaround. It's a bit too conspiratorial to suggest that Goldcorp's board would allow the owners of GG stock to be fleeced simply for golden parachutes.Rather, the issue seems to be that GG itself doesn't see its assets as worth much more than $12 per share of Goldcorp stock. So what is Newmont getting in return for giving roughly one-quarter of its equity to the owners of GG stock?Synergies between GG and Newmont are estimated to be as much as $100 million a year; in the context of a $30 billion market cap for the combined company, that's a drop in the bucket.Owning GG stock means owning NEM stock. Owning NEM stock certainly seems like more of the same. It's hard to see how that's a good deal, even at a modest discount.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Best ETFs for 2019: A Close Race at the Front * 15 Stocks to Buy Leading the Financial Charge * 7 Stocks From Around the World That Beat U.S. Stocks Compare Brokers The post Investors Have Little Reason to Stick With Goldcorp Stock appeared first on InvestorPlace.

  • Goldcorp Outperformed Its Peers in Q1—Could This Continue?
    Market Realist18 days ago

    Goldcorp Outperformed Its Peers in Q1—Could This Continue?

    How Gold and Gold Miners Performed in Q1(Continued from Prior Part)Goldcorp’s earnings beat Goldcorp’s (GG) fourth-quarter EPS came in at $0.07, which beat the consensus estimate of $0.04. GG’s revenue of $772.0 million, however, missed

  • Goldcorp Special Dividend Is Capital Allocation at Its Finest
    InvestorPlace23 days ago

    Goldcorp Special Dividend Is Capital Allocation at Its Finest

    Newmont Mining (NYSE:NEM), is offering an 88-cent special dividend to Newmont shareholders to close its $10 billion acquisition of Goldcorp (NYSE:GG). Owners of GG stock should be happy about Newmont's capital allocation decision. * 10 Tech Stocks That Transformed Their Business Source: Shutterstock InvestorPlace - Stock Market News, Stock Advice & Trading TipsOn the ten-yard line, Newmont had to do something to convince prominent shareholders, such as John Paulson, that the deal to buy Goldcorp was a good one. Newmont initially offered Goldcorp shareholders .328 shares of NEM stock in mid-January for every share of GG stock held, along with 2 cents in cash per share. Newmont trotted out the natural synergies explanation as to why the deal made sense -- $365 million in annual pre-tax synergies while delivering 6-7 million ounces of gold annually within a decade -- but Newmont shareholders felt the deal unfairly benefited Goldcorp shareholders. On March 25, VanEck portfolio manager Joe Foster, who oversees the VanEck precious metals investment team, changed his mind about the merger vote. VanEck, Newmont's third-largest shareholder, had serious concerns about the deal. The special dividend has removed any such concerns. "As things stand right now I plan to vote in favor of the Newmont deal," Foster said in an interview. While Paulson is still reviewing the special dividend, it's likely that he'll also fall in line and vote for the deal. Ratification is expected April 4. "From my standpoint, I think we've done what we needed to do," Newmont Chief Executive Officer Gary Goldberg said in an interview. "It now is up to our shareholders. I'm really looking forward to positive results out of both votes.''While the special dividend will only be paid on the successful consummation of the $10 billion deal, it illustrates why more companies should utilize this capital allocation lever ahead of customary shareholder rewards such as regular dividends and share repurchases. Here's why. Greater Flexibility to Handle All Economic ConditionsIn April 2016, I highlighted four stocks that had paid one or more special dividends in the past year, that I thought were good investments. My argument was relatively straightforward. "In my opinion, special dividends are one of the best examples of efficient capital allocation because it shows me that management understands the ebb and flow of its own cash flows and is more than willing to reward shareholders when the coffers are flush and to hold back when they're not," I wrote on May 3, 2016."But I wasn't just looking for stocks to buy that paid a special dividend -- I was after those that don't pay a regular dividend and have no formal dividend policy."Here's how the four stocks have performed in the 35 months since. Stock Performance Amerco (NASDAQ:UHAL) 4.0% Diamond Hill Investment Group (NASDAQ:DHIL) -12.3% Under Armour (NYSE:UAA) -52.3% Facebook (NASDAQ:FB) 42.4% SPDR S&P 500 ETF (NYSE:SPY) 44.1% So, what happened? Why such terrible performance relative to the index?Well, each of the businesses has had different issues to deal with: Amerco (rising costs), Diamond Hill (increased competition), Under Armour (bad management) and Facebook (privacy issues).These are hardly my best stock selections over the past three years. However, I do believe that all four are company-specific problems rather than asset allocation mistakes. Long-term, all of these stocks should make investors money. But I digress. Newmont's Capital Allocation Winning ChoiceOver the past three fiscal years, Newmont generated $2.9 billion in free cash flow. From that, it's paid out $648 million in dividends, repurchased just $98 million of its stock, and repaid $1.7 billion of its debt, leaving it with plenty of cash for other potential uses. The 88-cent special dividend will cost the company $469 million. However, the combination of it and Goldcorp should produce at least $1 billion in annual free cash flow -- probably more if it achieves the projected cost synergies of $365 million annually. Without the special dividend available to it, there's almost no way Newmont could have achieved a successful vote. That's because it would have had to reduce the number of shares it issued Goldcorp shareholders (less than 0.3280) to pay for the deal. Goldcorp shareholders likely would have vetoed such a plan. Newmont was a rock in a hard place.I don't know why companies don't utilize the special dividend more often. It provides greater financial flexibility so that management can do what's right for all stakeholders, including shareholders, without locking the company into quarterly rent checks that become a noose around its neck.The argument against special dividends is that it benefits Johnny-come-lately shareholders at the expense of long-time shareholders, who didn't buy on the news. There's a measure of truth to that. * 7 Dividend Stocks With Double-Digit Increases However, in the long run, I believe the pros outweigh the cons. If you're Joe Foster at VanEck, you see the benefits. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 Genomic Testing Stocks That Can Ease the Sting of Theranos * 4 Pot Stocks That Could Be Fizzling Out * 7 Mid-Cap Growth Stocks That Could Be the Next Amazon or Netflix Compare Brokers The post Goldcorp Special Dividend Is Capital Allocation at Its Finest appeared first on InvestorPlace.

  • Reuters24 days ago

    COLUMN-Struggling small miners may lead to bigger industry woes: Russell

    Small miners are finding it increasingly difficult to raise capital to fund new ventures despite the positive demand outlook for several commodities and a world still largely awash with cheap credit. How they cope is likely to affect how the mining industry as a whole goes from exploring for new resources to actually producing raw materials. Under the traditional model, would-be junior miners raised seed capital in order to drill exploration holes to confirm the presence of a resource.

  • 3 Gold Stocks That Should Glitter With Rising Gold Prices
    InvestorPlace26 days ago

    3 Gold Stocks That Should Glitter With Rising Gold Prices

    Since hitting a low of about $1,175 per oz. on Aug. 14, gold prices have steadily risen. Gold took off as stocks dropped dramatically last fall. However, as shares began to recover from a December 24th low, gold and gold stocks continued to rise. Gold now trades above $1,315 per oz., close to levels seen last April.Many blame the rise in gold prices on an inverted yield curve in the bond market. As the annualized rate on 90-day loans exceeds that of the 10-year bond, many see that as a sign of recession. Such an inversion preceded the previous seven recessions, according to the Cleveland Fed.Gold stocks, which usually rise and fall with the price of gold, should also benefit. Gold stocks have suffered in the last eight years. The yellow metal experienced a bear market as prices fell from the almost $1,900 per oz. level they saw back in 2011. Now, with the bull market having persisted more than 10 minutes, many wonder if a pullback -- and subsequently a rising interest in gold -- is imminent. Our own Aaron Levitt has cited the increasing M&A activity that has come with gold trading above $1,300 per oz.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Marijuana Stocks to Play the CBD Trend Assuming a new bull market in gold has begun, these three stocks on the rise could benefit: Gold Stocks on the Rise: Goldcorp (GG)Source: Shutterstock Canada-based Goldcorp (NYSE:GG) has become a leading target among gold stocks as Newmont Mining (NYSE:NEM) seeks to acquire the company.GG stock has risen by about 15% since the two companies announced the proposed takeover. It has also increased around 32% since the Q3 earnings report last October sent the stock plunging. Thanks to the merger and rising gold prices, it trades at just over $11 per share today.Under terms of the proposed deal, the new company will become Newmont Goldcorp. Current Newmont shareholders will own 65% of the company with the remainder of the control going to current holders of GG stock.Although the deal has received regulatory approval in Canada and Mexico, it has faced opposition in some quarters. Hedge fund Paulson & Co. had initially opposed the deal. However, Newmont's CEO offered a special dividend of 88 cents per share to Newmont shareholders if the transaction occurs. With that, Paulson withdrew its opposition.Moreover, even without the merger, GG stock looks poised to move higher. Thanks to rising gold prices, analysts forecast a 200% increase in profits this year. They also predict earnings will increase by 45.5% next year. With that kind of growth and its 23.5 forward price-to-earnings (P/E) ratio, one can understand Newmont's interest.The deal awaits regulatory approval in the U.S. However, whether traders deal with GG stock or NEM stock longer-term, the future appears bright for holders of Goldcorp stock. Barrick Gold (GOLD)Source: Jeremy Vohwinkle via Flickr (Modified)Barrick Gold (NYSE:GOLD) led the recent consolidation move among gold stocks. Its takeover of Randgold Resources likely inspired the proposed deal between Newmont and Goldcorp. That merger made the Toronto-based company one of the world's largest gold producers.Barrick had also attempted a hostile takeover of Newmont. Both have operated mines in Nevada for decades, and Barrick wanted to benefit from the potential synergies of combining operations. Instead, both companies will enter into a joint venture to combine the Nevada mine operations.Despite mixed success on the takeover front, GOLD stock has risen by almost 50% since hitting lows in September. After the Randgold merger closed at the end of 2018, Barrick stock has traded in a range. Now, GOLD has finally begun to rise above post-merger levels in recent days. Today, it trades in the $14 per share range.Now, with merger-related speculation likely over for now, the future of GOLD stock again relies on the price of physical gold. Barrick stock trades well below 2011 levels, when it last saw prices above $50 per share. Analysts foresee profit increase of 14.3% this year and 17.5% the next. The company has shown confidence as it has hiked its dividend for three years in a row. This has taken the annual dividend yield to about 2%, or 28 cents per share on a yearly basis. * 5 Cloud Stocks to Help Your Portfolio Fly However, the accuracy of those forecasts hinges on gold prices. It took gold prices of almost $1,900 per oz. to take GOLD stock to the $50 per share level. However, gold has not traded above $1,365 per oz. since 2013. Assuming the price of gold can finally rise above that level, both profit forecasts and the price of GOLD stock should eventually move back toward 2010-2011 highs. Vale (VALE)Source: Shutterstock Vale (NYSE:VALE) faces a different set of challenges than gold stocks like Goldcorp and Barrick. Unlike these Canadian counterparts, the Brazil-based materials company mines a variety of minerals. A ruptured dam in the Brazilian state of Minas Gerais killed more than 300 people in January. Since that time, that state has won its bid to freeze more than 2.95 billion reals ($795 million) in company assets. A dividend suspension following the disaster has also weighed on VALE stock.Due to this dam issue, VALE stock has not risen in the last six months like other gold stocks. Also, with profits forecasted to fall by 3.7% this year, near-term hopes look dim. However, as grim as this may sound, such disasters tend to create buying opportunities for investors.Indeed, the outlook improves dramatically once it can put the tragedy in Minas Gerais behind it. Analysts expect profits to increase by 50% next year. Also, despite the recent setback, VALE stock has risen dramatically from 2016 levels when the stock briefly dipped below $2.50 per share. Now trading at about $13 per share, VALE has stabilized despite the setback. Like other gold stocks, Vale trades well below 2011 levels when the equity approached the $35 per share level.Given the uncertain political environment in Brazil and the issues with the ruptured dam, the reputation of Vale has seen a setback. However, the rising price of gold and other precious metals offers VALE stock the opportunity it needs to recover both its reputation and its stock price.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dual-Class Stocks That Will Outperform * 7 Reasons Why Apple Streaming Won't Move the Needle for Apple Stock * 7 A-Rated Stocks to Buy in the Second Quarter Compare Brokers The post 3 Gold Stocks That Should Glitter With Rising Gold Prices appeared first on InvestorPlace.

  • Argentina Mining Gets Macri Boost Ahead of Tough Election
    Bloomberg26 days ago

    Argentina Mining Gets Macri Boost Ahead of Tough Election

    Argentina’s economy is tanking with the central bank hiking interest rates to ease inflation and save the peso, the worst-performing currency in emerging markets. No matter who wins in October, the ground’s now tilled for a series of mining investments, said Mariano Lamothe, Argentina’s Undersecretary for Mining Development.

  • Newmont Unveils Special Dividend, Gets Mexican Anti-Trust Nod
    Zacks26 days ago

    Newmont Unveils Special Dividend, Gets Mexican Anti-Trust Nod

    Newmont (NEM) to pay a one-time special dividend of 88 cents per share of common stock, which is conditional upon shareholders' approval of the transaction with Goldcorp.

  • Newmont's Goldcorp Deal Wins Support of Paulson, VanEck, ISS
    Bloomberg27 days ago

    Newmont's Goldcorp Deal Wins Support of Paulson, VanEck, ISS

    “Paulson & Co. commends the special dividend to Newmont shareholders,” a spokesman said Monday by email. The comments marked a U-turn from Friday, when both Foster and billionaire John Paulson expressed serious concerns about the price tag on the merger, which was negotiated before Newmont struck a joint-venture deal with Barrick Gold Corp. to combine their lucrative mines in Nevada.

  • Reuters27 days ago

    Newmont's special dividend wins top investors over to Goldcorp deal

    Newmont Mining Corp won the support of at least two key investors for its $10 billion takeover of Goldcorp Inc on Monday, after offering to sweeten the deal with an 88-cent-per-share special dividend if shareholders approve the transaction. The immediate cash payment would represent a portion of the savings from a separate agreement with Barrick Gold Corp, Newmont said in a regulatory statement. Newmont investors who had earlier protested the terms of the deal, saying Goldcorp shareholders benefited too much from it, commended the dividend payment and withdrew their opposition.

  • Will Newmont Investors Approve GG Merger after Special Dividend?
    Market Realist27 days ago

    Will Newmont Investors Approve GG Merger after Special Dividend?

    Will Newmont Investors Approve GG Merger after Special Dividend?Newmont’s special dividend payment Today, Newmont Mining (NEM) announced a conditional special dividend to shareholders if its proposed merger with Goldcorp (GG) goes through. This