Goldcorp

Source: network.nationalpost.com --- 12 days ago
Goldcorp currently has a negative technical profile. Intermediate trend is down. The stock trades below its 50 and 200 day moving averages. Short term momentum indicators currently are slightly overbought and trending lower. However, the stock is showing early technical signs of bottoming. Support is indicated at $26.60 Cdn.. Strength relative to the TSX Composite turned positive a month ago.  Jean Coutu currently has a negative technical profile. Intermediate trend is down. The stock trades below its 50 and 200 day moving averages. Short term momentum indicators are slightly overbought and trending lower. However, the stock is showing early technical signs of bottoming. Support is indicated at $6.88. Resistance is indicated at $8.65. Strength relative to the TSX Composite Index turned positive in mid July.   Don Vialoux, chartered market technician, is the author of a free daily report on equity markets, sectors, commodities, equities and Exchange-Traded Funds. For more visit Don Vialoux's Web site   ...

Source: network.nationalpost.com --- 13 days ago
Goldcorp Inc.'s   Red Lake mine is expected to increase production starting in 2009, says RBC Capital Markets analyst Michael Curran.  "With the completion of the new #3 shaft, coupled with improvements to underground ventilation, the Red Lake mine should see increased production rates in coming quarters, from both improved access to high-grade gold zones and increased hoisting capacity from the new shaft," he said in a note to clients following a visit to Red Lake, Ontario. "We forecast an increase in gold production, from the 625Koz estimated for 2008, to a sustainable level of 800Koz/yr starting in 2009." Mr. Curran maintained his "top pick" rating and $47 price target on Goldcorp stock, noting that cash costs at Red Lake could also be positively impacted as the company reduces its reliance on traditional cut&fill mining and moves towards more long-hole mining in 2009.  As for Red Lake exploration in general, the analyst remains bullish, citing promising future developments such as Rahill-Bonanza, Goldcorp's joint venture with Premier Gold Mines Ltd. and projects from Claude Resources Inc. , Rubicon Minerals Corp. and Cypress Development Corp. ...

Source: www.marketwire.com --- 34 days ago
VANCOUVER, BRITISH COLUMBIA (MARKET WIRE) (All dollar amounts in United States dollars (US$)) ...

Source: www.moreover.com --- 30 days ago
Rights Action Sep 13 2008 12:03PM GMT ...

Source: seekingalpha.com --- 12 days ago
FP Trading Desk submits: Goldcorp Inc.'s (GC) Red Lake mine is expected to increase production starting in 2009, says RBC Capital Markets analyst Michael Curran.  "With the completion of the new #3 shaft, coupled with improvements to underground ventilation, the Red Lake mine should see increased production rates in coming quarters, from both improved access to high-grade gold zones and increased hoisting capacity from the new shaft," he said in a note to clients following a visit to Red Lake, Ontario. Complete Story » ...

Source: www.moreover.com --- 9 days ago
Upside Down World Oct 3 2008 6:02PM GMT ...

Source: seekingalpha.com --- 26 days ago
FP Trading Desk submits: Barrick Gold Corp. (ABX) and Goldcorp Inc. (GG) are still bullish on long-term gold prices despite the recent correction in the precious metal, according to a new note from Credit Suisse In a wrap-up of last week's Denver Gold Forum, analyst Anita Soni told clients that Barrick believes the re-emergence of global inflation, low real interest rates and renewed credit concerns will continue to support higher gold prices. Complete Story » ...

Source: network.nationalpost.com --- 26 days ago
Barrick Gold Corp. and Goldcorp Inc. are still bullish on long-term gold prices despite the recent correction in the precious metal, according to a new note from Credit Suisse In a wrap-up of last week's Denver Gold Forum, analyst Anita Soni told clients that Barrick believes the re-emergence of global inflation, low real interest rates and renewed credit concerns will continue to support higher gold prices. Barrick added, she said, that underpinning these issues, is an environment of supportive supply demand fundamentals including declining mine supply and emerging market demand for gold. Goldcorp meanwhile argued that investors are only half way through a longterm bull market for gold, despite the surprise correction that has seen gold fall more than 10% this summer, the analyst wrote. Ms. Soni also said that several producers expect M&A activity to pick up now that the recent pullback in equity prices has provided some attractive opportunities, especially for those companies with large cash balances. David Pett ...

Source: www.schaeffersresearch.com --- 20 days ago
Today's option skew scan showed net call accumulations on Freeport-McMoRan Copper & Gold (FCX), Newmont Mining (NEM), and Goldcorp Incorporated (GG)...( Read More ) ...

Source: www.schaeffersresearch.com --- 36 days ago
The comment below about the relative weakness in gold stocks spurred me to revisit the call accumulations we discussed a few weeks ago...( Read More ) ...

Source: www.schaeffersresearch.com --- 10 days ago
The post below noted the weakness in gold stocks and that spurred me to check in on the Amex Gold Bugs Index (HUI)...( Read More ) ...

Source: network.nationalpost.com --- 9 days ago
Blackmont Capital has reduced its copper forecast, sending price targets lower on Canada's gold giants.  Precious minerals analyst Richard Gray told clients in a note that Blackmont has lowered its copper price forecast to US$3 per pound for the fourth quarter of 2008 from US$3.65. The research firm also now expects US$3 copper until 2012. Blackmont's previous estimates were for US$4 copper in 2010 and US$3.50 copper in 2011.  Mr. Gray said Barrick Gold Corp. will be impacted by the slumping copper prices, due to its copper production at the Zaldivar and Osborne mine. "We are lowering our NAVPS to US$29.50 (from US$30); our EPS estimates by 3% (2008), 10% (2009), and 16% (2010); and our CFPS estimates by 2% (2008), 7% (2009), and 11% (2010)," he wrote. As a result, he dropped his price target on the stock from $53 to $49, but with upside of 47% still available, he maintained his "buy" rating. "Barrick [is] expected to benefit from a flight to quality and liquidity in the gold sector," he said For similar reasons, Mr. Gray lowered his price target on Goldcorp Inc. from $50 to $45, while maintaining his "buy" rating on the stock. His said Goldcorp, which is impacted due to the copper production from the 37.5% owned Alumbrera mine, will see its NAVPS drop from US$24 to US$23, while his EPS estimate falls 9% and 15% in 2009 and 2010, respectively and his CFPS estimate slumps by 6% and 11% over that same period. The analyst also cut p ...

Source: www.bloggingstocks.com --- 37 days ago
Filed under: International markets , Newsletters , Goldcorp Inc (GG) , Commodities , Stocks to Buy "People want to own more gold when there's a perception of growing global economic and political turmoil," explain resource experts Roger Conrad and Yiannis Mostrous. In their Vital Resource Investor, the advisor offer their long-term bullish assessment for gold as well their favorite gold mining stock: " Goldcorp (NYSE: GG ). "Every commodity bull market eventually ends when consumers permanently reduce demand with conservation and switch to alternatives, and the producers ultimately over-expand. This, however, only happens over a period of many years. "To be sure, we've seen demand in the US drop for many vital resources, from copper to energy, as the economy has slowed. Demand from developing nations, however, remains entrenched by necessity, as these suddenly more affluent nations struggle to upgrade their vital infrastructure. "And although we may see Chinese economic growth slow from its current off-the-chart 10% rate, that country will still face critical needs to build out its cities to meet the millions of new migrants that come every year. And that's a huge call on raw materials. "The bottom line is the key long-term drivers of gold's run this decade are still very much in place. And the metal remains a cornerstone investment. And while the market is spectacularly volatile, we expect much higher gold prices over the next few yea ...

Source: www.bignewsnetwork.com --- 27 days ago
Low gold prices have led gold mining major, Goldcorp, to suspend operations at its relatively marginal Pamour mining operation near Timmins, Ontario, Canada. ...

Source: www.bnamericas.com --- 32 days ago
Vancouver major Goldcorp (TSX: G; NYSE: GG) is loo ...

Source: www.northernminer.com --- 24 days ago
Goldcorp (G-T, GG-N) has suspended mining at its Pamour gold mine, near Timmins, Ont. According to a Reuters news r... [ Full Story ] ...

Source: www.northernminer.com --- 11 days ago
Just two years after acquiring its Peñasquito property in Mexico's state of Zacatecas, Goldcorp (G-T, GG-N) poured ... [ Full Story ] ...

Source: www.ad-hoc-news.de --- 7 days ago
Toronto (aktiencheck.de AG) - Die Analysten von BMO Capital Markets stufen die Aktie von Goldcorp (ISIN CA3809564097/ WKN 890493) unverändert mit outperform ein. Das Kursziel werde von 42 auf 36 USD gesenkt. (06.10.2008/ac/a/u) ...