Andean Resources

Goldcorp (NYSE:GG) Growth Looks Good for Short- and Long Term

Growth for Goldcorp (NYSE:GG) looks good over the near and long term, according to Barclays, who maintains their “Underweight” on the gold miner whil raising their price target.Barclays said, “The company’s growth profile continues to develop in both the near and long term. Over the next several months, Goldcorp anticipates to complete scoping studies at Cochenour and Noche Buena, environmental

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Goldcorp (NYSE:GG) Growing Organically and by Acquisition

Goldcorp (NYSE:GG) has lagged the surge in gold prices in 2010, up only about 7 percent, while gold prices have soared by 17 percent so far.A couple of concerns are missing their numbers last quarter, falling 2 cents a share below earnings expectations of 29 cents a share. The other is the acquisition of Andean Resources for $3.4 billion, which came with a 35 percent premium.In an interview with

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Gold Mining Stocks To Outperform Even If Gold Corrects

Filed in African Gold, Andean Resources, Australian Gold, Gold, miners, outperform by on September 27, 2010 0 Comments

I believe these miners will outperform even if bullion corrects. Mergers and acquisitions are increasing with the recent purchases of Andean Resources by Goldcorp (NYSE:GG)outbidding Eldorado Gold (EGO), Kinross Gold (NYSE:KGC) buying …

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Eldorado (NYSE:EGO) and Low Cost Benefits

Eldorado Gold (NYSE:EGO) received a lot of attention recently when they were named as the fastest growing company in 2010 by Fortune, but growth isn’t the only strengh of Eldorado, as their low operational costs puts them in an enviable place. The two major benefits of any company with low costs advantage are the flexibility it has and the ability to navigate its way through difficult economic

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Eldorado Gold (NYSE:EGO) and Fallout from Andean (TSE:AND) Bid

Eldorado Gold (NYSE:EGO) has suffered some unexpected backlash when they were suddenly outbid by Goldcorp (NYSE:GG) for Andean Resources (TSE:AND).Most of the fallout from the lost bid is in the rumor mill, more than anything else, and it didn’t help that they were named the fastest-growing company by Fortune, when that isn’t the case.That invited intense scrutiny, which combined with the rumors,

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UBS (NYSE:UBS) Raises Goldcorp (NYSE:GG) Price Target on Andean (TSE:AND) Acquisition

UBS (NYSE:UBS) kept its “Buy” rating on Goldcorp (NYSE:GG), but raised its price target on the company to $56 a share, an increase of $2.50, on the assumption they’ll end up with Andean Resources (TSE:AND). In a note to clients, UBS said, “We estimate that with its free cash flow under UBS assumptions and proceeds from recent asset sales, Goldcorp can easily fund the Andean transaction and the

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Eldorado Gold (NYSE:EGO) Downgraded by Credit Suisse (NYSE:CS)

Credit Suisse (NYSE:CS) downgraded Eldorado Gold (NYSE:EGO) from “Outperform” to “Neutral,” with a price target of $23 on them.Even the soaring gold prices today weren’t able to lift Eldorado up, as they’ve been flirting around the level mark, moving slightly down and up throughout the trading session.As of 1:46 PM EDT, Eldorado Gold (NYSE:EGO) was at $19.06 a share, losing $0.04, or 0.21

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Goldcorp (NYSE:GG) Acquires Andean (TSE:AND) Shares for $3.4 Billion

Goldcorp (NYSE:GG) announced it has acquired Andean Resources (TSE:AND), eyeing its Cerro Negro gold project in Argentina. Cerro Negro has indicated resources of 2.54 million ounces of gold and 23.56 million ounces of silver. Inferred resources are 523,000 ounces of gold and 3.12 million ounces of silver.The project is wholly owned by Andean, making it even more desirable to Goldcorp.Goldcorp

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Eldorado Gold (NYSE:EGO) Offers $3.2 Billion for Andean (OTC:ANDPF)

Eldorado Gold Corp. has made a $3.2 Billion bid for Andean Resources Ltd. (OTC:ANDPF), a gold mining company based in Australia. Terms of the transaction would be a straight stock deal for shares from Eldorado. “The transaction is consistent with Eldorado’s stated strategy of building a geographically diversified, low cost, high growth gold producer,” said Eldorado’s chief executive officer

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