North American gold stocks are ready to restore their former luster through disciplined growth...

North American gold stocks are ready to restore their former luster through disciplined growth and a focus on returns and free cash flows that should catalyze a return to historical multiples, Barclays believes. Goldcorp (GG) is initiated as the firm's top pick with an Overweight rating and $62 target. Also Overweight: AUY, NEM. Equal Weight: ABX, KGC, EGO, AEM, IAG.
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Comments (5)
  • Old Trader
    , contributor
    Comments (5732) | Send Message
    Being long GG, it would be nice if Barclays is correct on their price target, LOL.
    16 Oct 2012, 06:16 PM Reply Like
  • TDWelander
    , contributor
    Comments (624) | Send Message
    Who will buy GG with a PE of 28? No one I know. And the yield of 1.23% is better than nothing, but pretty anemic. How is it GG is their number one pick? ABX with a PE of 9.8 looks pretty wonderful.
    KGC and AEM have a negative EPS. EGO PE is 26.8. IAG PE is 17.7. Still, ABX it the only one worth owning. So what are they talking about with GG? Don't they read their own stats?
    17 Oct 2012, 12:22 PM Reply Like
  • jbassbia
    , contributor
    Comments (394) | Send Message
    There are also very good prospects among the juniors. My personal top choice is B2Gold (BTO) due to its production increases forecast and the recent announced takeover of 200,000 ounces in an all stock deal.
    I believe BTO is in a position to aquire other juniors who cannot get financing themselves -
    17 Oct 2012, 01:10 PM Reply Like
  • TDWelander
    , contributor
    Comments (624) | Send Message
    Not a chance. The juniors can be bought out over night by any one
    or any group of over 100 large institutional investors or syndicates;
    leaving you in the cold with a depressed stock price; and very short some real cash. This kind of legal skimming has been going on for
    a very long time; though out of the public eye to avoid litigation. If you
    are a small investor, never buy a small stock. You never know when it will disappear to your great detriment.
    18 Oct 2012, 10:00 AM Reply Like
  • Gene Jaquet
    , contributor
    Comments (981) | Send Message
    Just liquidated a NEM position to replace it with GG, on the basis that NEM management has stumbled recently (see last quarter's conf call) on a number of issues, notably poor forecasting, and production hick-ups (not to mention the Conga debacle). Any views as to quality of management at NEM vs GG ?
    17 Oct 2012, 06:18 PM Reply Like
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