Goldcorp undervalued
It seems Goldcorp (NYSE: GG) isn't getting the respect it deserves, as the mining company has a lot of things going for, yet is selling at about $40, a very low price for what the company has.
For example, Goldcorp has a solid present and outstanding future with their mining projects, and last year alone produced 90,000 ounces of gold and about 1 million ounces of silver, and they have the means and sources to continue that on for some time, and even increase it.
I say that because of their Peñasquito, which has a huge future for the company, and is among the largest in the Americas.
Goldcorp should be a great stock for those with a long-term outlook, as it has positioned itself strongly for the present and future which not too many of its rivals and meet.
Saturday, April 10, 2010
Is Goldcorp (NYSE: GG) Undervalued?
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1 comment:
Ray - In 2009, Goldcorp produced 2.42 MILLION ounces of gold. Don't know where you got your numbers but they are grossly understated. However, I do believe Goldcorp is undervalued versus the price of gold and should be trading in the $45 - $46 range.
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