Tag: Goldcorp Inc

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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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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Freeport (NYSE:FCX), Goldcorp (NYSE:GG), Newmont (NYSE:NEM) Soar on Rising Gold Prices

Freeport-McMoRan Copper & Gold (NYSE:FCX), Newmont Mining (NYSE:NEM) and Goldcrop (NYSE:GG) made nice upward moves today as the price of gold soared to another record high, with December delivery gold prices reached as high as $1,375.70.Spot gold was at $1,370 a 1:25 PM EDT.Freeport was among the leaders in the sectors, pushing up to $99.45, gaining $4.32, or 4.45 percent at 1:25 PM EDTGoldcrop

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Gold Prices Today Pick Up After Noon

Gold prices today plummeted in morning trading, as on the Comex division of the New York Mercantile Exchange they dropped to as low as $1,341.10.Spot gold also rebounded to surpass the $1,350 an ounce mark, also dropping to almost $1,340 earlier in the trading session.Major gold miners like Barrick Gold (NYSE:ABX), Newmont Mining (NYSE:NEM) and Goldcorp (NYSE:GG) were all still down at about 1:00

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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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Newmont Mining (NYSE:NEM) Making its Move?

If you look at a chart of Newmont Mining’s (NYSE:NEM) performance over the last five years, you find it less than inspiring, as until this summer, it hadn’t reached the levels it has in the early part of 2006, when it hit $59.87 on January 9.It took until June of 2010 for the largest U.S. gold miner to reach and surpass those levels, and it looks like they may have finally broken out, closing at

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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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Barrick (NYSE:ABX), Newmont (NYSE:NEM) and Goldcorp (NYSE:GG) Will Move Up as Gold Prices Continue to Soar

A number of gold miners, including giants Barrick Gold Corp. (NYSE:ABX), Newmont Mining Corp. (NYSE:NEM), and Goldcorp Inc. (NYSE:GG) should perform strongly going forward, as valuations are historically cheap, and lag the upward movement of the price of gold.A growing number of investors are increasingly excited about the possibilities for gold mining companies, as it’s inevitable they attract

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Goldcorp (NYSE:GG) Announces Commercial Production Hit at Penasquito

Filed in Gold, Goldcorp Inc, lead, penasquito, Penasquito Mine, silver, Zinc by on September 14, 2010 0 Comments

Although the first lead and zinc concentrates were produced by Goldcorp (NYSE:GG) at their Penasquito project in Mexico in 2009, the company decided to wait until the second 50 000-t/d mill and flotation line was operational before making the declaration it had officially hit commercial production, which they now have done. Goldcorp is on track to finish construction on high-pressure grinding

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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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