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A Look At Goldcorp Inc. (USA) (NYSE:GG) Stock


Goldcorp, Inc. (USA) (NYSE:GG) engages in exploration of gold and other minerals. The company operates through the following segments: Red Lake, Porcupine, and Peñasquito. It also has interests in the Cochenour and Borden projects in Canada and the Camino Rojo project in Mexico. The company was founded by Robert Ross McEwen in 1986 and is headquartered in Vancouver, Canada.

Goldcorp, Inc (USA) (NYSE:GG) is one of the world’s largest gold producers, with low operating costs of around $808/oz (AISC). In 2018 gold production is expected to improve on 2017 due to a production increase from their Éléonore mine in Canada and Cerro Negro mine in Argentina. Below, we can see that gold produced and revenue from both Eleonore and Cerro Negro mine's are increasing. 


Another strength is their strong balance sheet with low debt. Dividend yield is 0.83%. 

Goldcorp Inc. has a market cap of $11 Billion and an enterprise value of $13.1 Billion. 

2017 PE is 23.2, and 2018 PE is 23.9. Net profit margins for 2017 are forecast to be 11.8% and 11.7% in 2018. Company debt is $ 2.1 Billion. Analyst consensus estimates are for a target price of $19.88, with an outperform rating. I rate Goldcorp Inc (NYSE:GG) stock an accumulate on dips.