Goldcorp Inc

Barclays (NYSE:BCS) Raises Goldcorp’s (NYSE:GG) PT on Updated Gold Price

The large cap gold miners got a close look from Barclays today, and most of them had their price target increased based on updated gold price assumptions. Barclays said, “Our earnings model now reflects marked-to-market metals prices for 4Q 2010 and updated gold price assumptions for 2011-2014. Based on these assumptions, our new $36 target price assumes a net firm value 7.6x our 2012 EBITDA

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Top Picks 2011: Goldcorp (GG)

Filed in Bank Gold, commodities, Gold, gold-stocks, Goldcorp Inc, o, target by on January 4, 2011 0 Comments
Top Picks 2011: Goldcorp (GG)

Filed under: Newsletters , Goldcorp Inc (GG) , Commodities , Stocks to Buy , Best Stocks for 2011 This post is one in a series in which more than 60 newsletter advisors share their Top Stock Picks for 2011 . This special report is courtesy of TheStockAdvisors.com . “Gold was the hot topic in 2010. Since the underlying factors that pushed prices to new highs have not changed, I expect my long held target of $1,600 gold will be realized in 2011,” says resource stock specialist Curtis Hesler . The editor of The Professional Timing Service explains, “In fact, I expect that upside target of $1,600 will be woefully short of the mark. And my favorite gold stock for 2011 is Goldcorp ( GG ). Continue reading Top Picks 2011: Goldcorp (GG) Top Picks 2011: Goldcorp (GG) originally appeared on BloggingStocks on Tue, 04 Jan 2011 15:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Barrick (NYSE:ABX), Goldcorp (NYSE:GG), Newmont (NYSE:NEM) as China Increased Gold Imports

The broader gold market today was soaring up till about noon, as news China has significantly increased its gold imports over the last year caused most gold miners, including large-caps Barrick Gold (NYSE:ABX), Goldcorp (NYSE:GG), and Newmont Mining (NYSE:NEM) to make nice upward moves, although as happens many times, speculators moved in and out of the market in that time frame and gold prices

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Barrick (NYSE:ABX), Goldcorp (NYSE:GG), Newmont (NYSE:NEM) Push Up As Gold Breaks $1,400

Major gold miners Barrick Gold (NYSE:ABX), Goldcorp (NYSE:GG) and Newmont Mining (NYSE:NEM) are all pushing up today, led by Barrick, which soared over 3 percent as gold prices soared past $1,400 an ounce.The gold news going forward will largely be the effects of quantitative easing on the price of gold, as well as the U.S. dollar, which usually move inversely to one another.Ben Bernanke

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Eldorado (NYSE:EGO), Yamana (NYSE:AUY), Novagold (AMEX:NG) Surge on Record Gold Prices

Eldorado Gold Corp Ltd (NYSE:EGO), Yamana Gold, Inc. (NYSE:AUY) and Novagold Resources Inc (AMEX:NG) are participating in the broad gold market, as gold prices today soar to new levels, reaching over $1,380 an ounce.Major gold miners like Freeport-Mcmoran (NYSE:FCX), Goldcorp (NYSE:GG) and Barrick Gold (NYSE:ABX) all moved up today as well.Eldorado was trading at $18.98, gaining $0.47, or 2.54

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Freeport (NYSE:FCX), Barrick (NYSE:ABX), Goldcorp (NYSE:GG) Soar on Record Gold Prices

The expected response of the market to gold has come about, as gold prices reached all-time records again today, with major miners like Freeport-McMoRan Copper & Gold, (NYSE:FCX), Barrick Gold (NYSE:ABX) and Goldcorp (NYSE:GG) riding the wave with them.Gold prices today have risen to over $1,380 an ounce, and it looks like there will be another sustainable rather after the Fed announcement

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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 Doubles Dividend Payments

Goldcorp Doubles Dividend Payments

Canadian gold miner Goldcorp (NYSE: GG ) increased the company’s dividend payment for the first time ever as third-quarter profits surged. The company reported net earnings in the third quarter attributable to the shareholders of $466.5 million (or $0.63 per share), an increase of 309% from $114.2 million (or $0.16 per share) in the third quarter of 2009. Adjusted net earnings were $231.5 million (or $0.31 per share), compared to $140.6 million (or $0.19 per share) in the third quarter of 2009. Revenues increased 28% to $885.8 million, from $691.9 million in the same quarter last year. As a result Goldcorp increased their annual dividend from $0.18 per share (or $0.015 monthly dividend) to $0.36 per share (or $0.03 monthly dividend). Goldcorp’s President and CEO commented on the third-quarter results saying, “Continued strong gold demand in the third quarter, along with Goldcorp’s lowest quarterly cash costs in over two years resulted in record cash margins of $979 per ounce, generating significant growth in both cash flow and earnings.” The company also reaffirmed 2010 production guidance of approximately 2.55 million ounces of gold. Despite the jump in dividend payment, Goldcorp remains one of the lowest-paying dividend gold stocks on the market. In my recent report for Wealth Daily, titled The Definitive Guide to Gold Dividend Stocks , I give investors a current perspective of gold dividend stocks and reveal the top three highest-yielding gold dividend stocks on the market today. You can read this report right now for free by clicking here or copying and pasting the following link into your internet browser’s address bar: http://www.wealthdaily.com/articles/the-definitive-guide-to-gold-dividend-stocks/2788 Good Investing, Luke Burgess Editor, Wealth Daily Investment Director, Hard Money Millionaire and Underground Profits Goldcorp Doubles Dividend Payments originally appeared in Wealth Daily . Wealth Daily is a free daily newsletter featuring contrarian investment insights and commentary.

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Goldcorp (NYSE:GG) Soars and Scores in Third Quarter

Goldcorp (NYSE:GG) soared over 5 percent by the close of trading Thursday, ending the session at $44.29, after a stunning performance in the third quarter. What was most impressive was its management of costs, even though the reported story will probably be the fact they increased profits y four times the same quarter last year, reaching $4.66.5 million, or 63 cents a share. That’s up from

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Gold Prices Today Plummet on Stronger US Dollar

Gold prices today have plunged as the US dollar strengthened on mixed economic news. The stronger dollar has also pushed the price of other metals and commodities down, pressuring natural resources companies in general. Uncertainty surrounding the inevitable resumption of quantitative easing may be pushing gold prices temporarily down as well, as the idea it may done more incrementally than in

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Barrick (NYSE:ABX), Newmont (NYSE:NEM), Agnico (NYSE:AEM) Rise in Afternoon Trading

Major gold miners Barrick Gold Corporation (NYSE:ABX), Agnico-Eagle Mines Limited (NYSE:AEM), Newmont Mining Corporation (NYSE:NEM) have all rebounded into positive territory after 1:00 PM EDT. Goldcorp (NYSE:GG) also closed in on being level, but are having trouble finding supporting in positive territory.They are moving in conjunction with spot gold prices, which were down earlier in the

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Teck (NYSE:TCK), Freeport, (NYSE:FCX), Goldcorp (NYSE:GG), Barrick (NYSE:ABX) Earnings Will Explode

Gold and base metals like copper have been driving the share price of of diversified miners and gold miners up, and companies like Teck Resources Limited (NYSE:TCK), Freeport-McMoran Copper & Gold Inc. (NYSE:FCX), Goldcorp (NYSE:GG) and Barrick Gold (NYSE:ABX) are poised to report strong third quarter earnings as a result. While some note that the mining companies haven’t been keeping up with

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