Tuesday, January 11, 2011

Goldcorp (NYSE:GG) Gets PT Push from Deutsche Bank (NYSE:DB)

Deutsche Bank (NYSE:DB) boosted the price target on several gold and diversified miners today, including Goldcorp among them.

They have maintained their ratings on most companies, suggesting investors should look for entry points to get in at, as they expected prices to rise, especially with the large caps, including Freeport-McMoran and Barrick Gold.

Being one of the largest gold miners in the world, Goldcorp also has exposure to copper, silver, lead and zinc, some of which are expected to increase in value this year, especially copper and silver, although both could experience some significant volatility during that time.

Goldcorp was trading at $43.55, gaining $0.64, or 1.49 percent. Deutsche has a price target of $60 on them, increasing it from $46.

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