Best Gold Companies To Watch For 2015

Best Gold Companies To Watch For 2015: Goldcorp Incorporated(GG)

Goldcorp Inc. engages in the acquisition, exploration, development, and operation of precious metal properties in Canada, the United States, Mexico, and Central and South America. It produces and sells gold, silver, copper, lead, and zinc. The company was founded in 1954 and is headquartered in Vancouver, Canada.

Advisors' Opinion:

• [By Doug Ehrman]

  With the price of gold cooling off over the last week, the roller-coaster ride for both the SPDR Gold Trust (NYSEMKT: GLD  ) and for big miners like Goldcorp (NYSE: GG  ) , Barrick Gold (NYSE: ABX  ) , and Newmont Mining (NYSE: NEM  ) is in full effect, and the rush back to gold seems over. A drop in demand would normally signal the end of a trend, but Dennis Gartman of "The Gartman Letter" urges us to think about gold in a new light 芒 as a currency.

• [By Ben Levisohn]

  As a result, Chidley and team upgraded Agnico Eagle Mines (AEM) andYamana Gold (AUY) to Neutral from Underweight, and raised Barrick Gold (ABX), Goldcorp (GG) and Iamgold (IAG) to Overweight from Neutral.Gold Fields (GFI) was downgraded “due to increased risk and also reduced expectations for the South Deep operation,” Chidley says.

• [By Ben Levisohn]

  On a day when gold miners are dropping, Goldcorp (GG) has found a way to buck the trend.

  Agence France-Presse/Getty Images

  Goldcorp has gained 1.4% to $22.43, even as competitors like Barrick Gold (ABX) and Newmont Mining (NEM) have dropped 1.3% and 0.8%, respectively. The Market Vectors Gold Miner ETF (GDX) has declined 1.1%, even as the SPDR Gold Trust ETF (GLD) has risen 0.3%.

  What’s behind Goldcorp’s surprising rise? How about its production update, which it released yesterday after the close? Reuters has the details:

  Goldcorp, one of the world’s biggest gold miners, said it expects t! o produce between 3.0 and 3.15 million ounces of gold in 2014, an increase of 13 to 18 percent…

  Cash costs for 2014 are expected at between $950 and $1,000 per ounce compared with the 2013 average of $885 and $1,065 per ounce.

  Goldcorp said it expects cash costs to decrease by 15 to 20 percent over the next two years, positioning the company for continuing improved margins and free cash flow growth.

  Citigroup’s Brian Yu worries about the impact of taxers on Goldcorp’s business:

  2014 gold production is set at 3.0-3.15 mln ozs, approximating our estimate of 3.1 mln ozs, but by-product costs of $550-$600/oz is above the $560/oz posted for 2013 and our model of $530/oz. In addition, tax is expected to jump to 41% vs our model of 30% because of previously disclosed changes at Pueblo Viejo as well as recently-enacted tax changes in Mexico. The 2014 All-In Sustaining Cost (AISC) guidance of $950-$1,000/oz is a meaningful improvement vs $1,065/oz for 2013, but this does not capture tax even though taxes have an impact on cash flows.

  As a result, Yu cut his price target for Goldcorp to $26 from $28.

• [By Doug Ehrman]

  As gold prices tumbled during Friday's trading session, precious metals companies were dragged down too, including Goldcorp (NYSE: GG  ) and the gold ETF, the SPDR Gold Trust (NYSEMKT: GLD  ) . Given its recent increase in exposure to gold, Silver Wheaton's (NYSE: SLW  ) inability to escape the slide is not a big surprise. Despite increased signs of global economic instability, gold fell below $1500 for the first time since July 2011.

source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/best-gold-companies-to-watch-for-2015.html