|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||14.27 - 14.66|
|52 Week Range||11.64 - 17.87|
|PE Ratio (TTM)||23.91|
|Forward Dividend & Yield||0.08 (0.54%)|
|1y Target Est||N/A|
On January 12, 2018, gold prices hit a four-month high of $1,338.20 per ounce, and it ended the day at $1,333.40. The implied volatility in gold was 8.9%. Most of these gains were due to the steady decline in the price of the dollar. The US dollar (UUP), tracked by the DXY Currency Index (or DXY) was down 1.0% on January 12.
Canada's main stock index ended higher on Wednesday, with financial stocks leading a broad but shallow rally as the Bank of Canada hiked rates, offsetting losses among gold miners as the price of the precious metal slipped. * The Toronto Stock Exchange's S&P/TSX composite index ended up 27.82 points, or 0.17 percent, at 16,326.70. Royal Bank of Canada added 0.5 percent to C$106.28, Bank of Montreal gained 0.7 percent to C$103.32, and Canadian Imperial Bank of Commerce finished up 0.5 percent to C$123.02 as they and other lenders moved their own benchmark lending rates up.
Canada's main stock index was little changed in morning trade on Wednesday, with gains for financial stocks offset by losses among gold miners. * At 9:46 a.m. EST , the Toronto Stock Exchange's S&P/TSX ...
Maurice Colson is the CEO of China Goldcorp Ltd (TSXV:CAU.H), which has recently grown to a market capitalization of CA$593.58K. Recognizing whether CEO incentives are aligned with shareholders is aRead More...
Goldcorp's (GG) preliminary full-year 2017 production results exceed its earlier guidance. Also, the company remains on track to achieve its 20/20/20 plan.
Credit Suisse has upgraded shares of Goldcorp (GG), a gold-mining stock that Barron's touted in a recent feature article. On Tuesday morning, Credit Suisse analysts upgraded Goldcorp to "outperform," based on attractive growth, cash flow and valuation." The firm also increased Goldcorp's target price from $15.50 to $19.00 a share. Shares of the miner were up 4.3%, to $14.96 a share in midday trading.
Canada's main stock index edged lower in morning trading on Tuesday as gold miners weighed down heavyweight resource stocks amid a commodity price retreat, even as marijuana producers extended a recent ...
Canada's main stock index gained on Monday, boosted by a bounce-back in shares of cannabis producers and sharp gains for gold miners as bullion prices hit a four-month high. * The Toronto Stock Exchange's ...
Canada's main stock index rose in morning trade on Monday, boosted by a bounce-back in shares of cannabis producers and sharp gains for gold miners as bullion prices hit a four-month high. * At 10:20 a.m. ...
Kinross Gold (KGC) has significantly outperformed gold prices (GLD), the overall gold miners’ index (GDX), as well as its peers in 2017. While the stock rose 38.9%, its close peers Newmont Mining (NEM), Barrick Gold (ABX), and Goldcorp (GG) returned 10.1%, -9.4%, and -6.1%, respectively. Kinross has shown an impressive operational performance in 2017 along with steady execution on its growth projects, which led to the outperformance of the stock.
Goldcorp (GG) has given negative returns in 2017. Its stock has lost 6.1% of its value as compared to a gain of 12.8% in the iShares Gold Trust (GLD) and 11.1% in the VanEck Vectors Gold Miners ETF (GDX). You can read These Factors Could Help Goldcorp Outperform Peers in 2018.
Goldcorp (GG) currently has “buy” ratings from 59% of the 22 analysts covering the stock, as per the consensus compiled by Thomson Reuters. Based on the mean target price and current market price, its stock has a higher upside potential of 29% as compared to its close peers (GDX) (NUGT) Barrick Gold (ABX) and Newmont Mining (NEM). The analyst sentiment seems to be improving for GG’s stock.
Barrick Gold (ABX) underperformed its peers and gold prices in 2017. While ABX’s stock returned -9.4% in 2017, gold prices rose by 12.8% and the VanEck Vectors Gold Miners ETF (GDX) rose by 11.1%. ABX’s close peers such as Newmont Mining (NEM), Goldcorp (GG), and Kinross Gold (KGC) returned 10.1%, -6.1%, and 38.9%, respectively.
In this series, we’ll discuss analyst ratings and recommendations for gold miners, starting with Barrick Gold. Of the 24 analysts covering Barrick Gold (ABX), only 29% have “buy” recommendations on the stock. Among the senior miner stocks (GDX), Barrick has the lowest percentage of “buy” recommendations. 63% of the analysts rate the stock as a “hold.” The remaining 8% recommend a “sell” for Barrick’s stock.
Goldcorp Inc (TSX:G) generated a below-average return on equity of 3.79% in the past 12 months, while its industry returned 7.18%. Though G’s recent performance is underwhelming, it is usefulRead More...
Gold is the most influential precious metal, and most miners follow its price trends. For our correlation analysis, we are comparing the mining stocks to gold. In this part of the series, we’ll look at Royal Gold (RGLD), Goldcorp (GG), New Gold (NGD), and Newmont Mining (NEM). We’ll look at the performance of the miners and their correlation to gold over the past three years.
The last trading day of 2017 witnessed an upswing in precious metal prices. Gold, silver, and platinum rose 0.94%, 1.4%, and 0.79%, respectively.