G.TO - Goldcorp Inc.
| Previous Close | 18.41 |
| Open | 18.22 |
| Bid | 17.92 x 0 |
| Ask | 18.11 x 0 |
| Day's Range | 17.90 - 18.32 |
| 52 Week Range | 15.00 - 19.94 |
| Volume | 1,551,796 |
| Avg. Volume | 2,407,217 |
| Market Cap | 15.718B |
| Beta | 0.74 |
| PE Ratio (TTM) | 23.83 |
| EPS (TTM) | 0.76 |
| Earnings Date | Apr 25, 2018 |
| Forward Dividend & Yield | 0.10 (0.56%) |
| Ex-Dividend Date | 2018-03-14 |
| 1y Target Est | 18.79 |
- Forbes•yesterday
Gold Stocks Not All The Same: Here Are 2 In Up Trends And 2 The Other Way
Precious metals stocks don't all trade together: here are 4 contrasting examples.
- Market Realist•2 days 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.
Market Realist•3 days agoCould 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.
Market Realist•3 days agoCould 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.
- Market Realist•4 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%.
- Market Realist•5 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.
- Simply Wall St.•5 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...
- Market Realist•5 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.
Market Realist•5 days agoAre 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.
Market Realist•5 days agoIMF 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.
- Market Realist•5 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.
- Market Realist•6 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 Realist•6 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 Times•7 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.
- Market Realist•8 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.
Markit•8 days agoSee what the IHS Markit Score report has to say about Goldcorp Inc.
Goldcorp Inc NYSE:GG
- Market Realist•9 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.
- Motley Fool•11 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.
Market Realist•12 days agoWhich 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.
Market Realist•13 days agoReading 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.
- Market Realist•13 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.
- Zacks•13 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.
- Market Realist•13 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.
Market Realist•13 days agoWhat 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.
- Market Realist•14 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.
