Seeking Alpha

Goldcorp (GG -1.3%) is downgraded to Neutral from Outperform with a reduced price target of $45...

Goldcorp (GG -1.3%) is downgraded to Neutral from Outperform with a reduced price target of $45 (from $58) at Credit Suisse, which sees lower cash flow in 2013 and lower NAV based on revised estimates for Penasquito and PV. The firm continues to see near-term headwinds for GG with a likely capex increase and a reduced production growth profile.
Comments (5)
  • Way too late for this call (as usual from these guys). At $35 and change, if the target is "$45" GG is obviously a buy!
    21 Dec 2012, 12:58 PM Reply Like
  • I'd have to agree with that!
    21 Dec 2012, 03:01 PM Reply Like
  • Just, bought more yesterday at $35 and change.
    21 Dec 2012, 08:58 PM Reply Like
  • Bought some not long ago at < 38 US $ : must leep ;-) ?
    22 Dec 2012, 05:14 PM Reply Like
  • Wonder what is happening to Pensaquito??? and what is PV?
    23 Dec 2012, 01:10 PM Reply Like
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