Tuesday, May 17, 2011

Goldcorp's (NYSE:GG) Trading Up as Gold Prices Rebound

Like some of its gold mining peers, Goldcorp's (NYSE:GG) shares enjoyed a resurgence after the price of gold rebounded after getting off to a slow start in morning trading.

Commodities overall seem to be stabilizing after a wild and volatile ride recently. Silver has come back into positive territory after diving to start the day off.

Goldcorp Inc., which participates in the acquisition, exploration, development, and operation of precious metal properties in North America, Mexico, and Central and South America, is moving in a tight range from $46.87 - $48.41 on the day.

It is trading at $48.12, gaining $0.20, or 0.42 percent, as of 2:14 PM EDT.

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