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The Company is engaged in the acquisition, exploration, development and operation of precious metal properties.
Less than book value, and gold has gone down quite a bit already. And the company is still producing and selling as much as ever in terms of quantity. The lower price of gold is the cause of the reduction in revenue, not a decrease in actual production. This is important. The profits will return and likely reach new highs as the price of gold goes up.
Gold's usage in electronic and technological devices will increase the demand for the metal. Buy the miners with the lowest production costs and the highest reserves at historical low prices (last 5 years) and the investment will be profitable for investors with patience. Also, choose a company paying a dividend for added income.
buy @ 20, NEXT YR EPS 30%, TP 26
I'm looking at buying it lower, with real money, and if I miss the boat I want to at least get pretend money points.
Blood in the streets paved in gold, big declines leading to the bottom, but looking for long term returns. Everyone is selling, time to buy.
THIS IS A LOW DEBT COMPANY WITH LOWCOST AND VERY GOOD DIVIDEND
gold is low
political and economic uncertainty
gold is in an uptrend....coming off a terrible 2013
Large demand from China since they stopped with the mony loosing buying of the US Dollar bonds
The gold miners gold company. Goldcorp's assets are unrivaled in the industry... $1100 per ounce mines are considered high-cost to them. More than 50% from the peak, looks to be bottoming out.
Gold is way oversold, a bounce-back means big profits for GG investors.
Precious Metals are all going to POP to the upside now that all the evil Bullion Banks, ESPECIALLY JPM, HSBC, and Scotia (3 of the total 6) are done manipulating the paper price, providing a phenomenal contrarian play for entry into the Miners (which re down between 75-90%!!!) that have good B/S and Cash, along with plentiful mines that afford them access to Au and Ag for very good prices. The Miners who pay around $1150-$1200/oz are the ones who will benefit the MOST at first, as their margins have been squeezed to NOTHING. Companies like BVN, RGLD, FNV, GG, and others who pay just $75/Oz-$700/Oz for Gold will still benefit, but their stock prices won't accelerate as fast! Goldcorp stands to benefit immediately and handsomely, as their input costs were between just $690/oz. RGLD and FNV pay just $75 and $76, respectively, per oz mined, so while they offer the best overall LT Investment, it will take more for upward movement in Au's price for them to accelerate...
Gold oversold. Physical demand around the globe will force a bottom at these levels.
Gold as hedge
"Gold" , Recession in Europe, US economy is also not that great, and it is almost close to 52 week Low and it is that time of the year when stocks pull back and materials and mining go up and what not!!!!
I'm All In.
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