Canaccord Raises Target to $50Canaccord Adams' analyst Steven Butler was sufficiently impressed by the organic growth plans of
Goldcorp, as well as the performance of their core development projects, to upgrade their target price for the stock from to US$50 per share from US$46.50 . "We rate Goldcorp shares as a buy on hedge-free growth in production highlighted by expansions at Red Lake and Luismin, startup at Los Filos and Penasquito, and development of Eleonore and Pueblo Viejo," he wrote in a note to clients.