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mercoledì 5 agosto 2015

ETFdailynews: Goldcorp Stock In Focus After Earnings

ETFdailynews - Goldcorp Inc. (USA:GG) Stock In Focus After Earnings
August 3rd, 2015

Even if the gold price continues to fall further, RBC Capital Markets on July 22 cited Goldcorp as one of the gold producers able to withstand a sub-$1,000 an ounce gold price scenario. That’s due to the firm’s “low net debt, low capital spending to cash flow ratio, and low cost mines.”

That followed a bullish call on July 21 from JPMorgan. Analyst John Bridges reiterated his “Buy” rating on GG stock with a $27.50 price target. That indicates the investment bank is looking for a roughly 65% gain for GG stock over the next 12 months.

(...) Goldcorp has a current market cap of $11.18 billion. It’s engaged in the operation, exploration, development, and acquisition of precious metal properties in Canada, the United States, Mexico, and Central and South America. That means its low-cost gold production is located in mostly safe jurisdictions. Further, it remains one of the world’s fastest-growing senior gold producers. (...) 

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