Jeff Clark "BIG GOLD" BUY GoldcorpCasey Research
A few tidbits from the article:
Clearly, Goldcorp will lead its peers in terms of increasing production and keeping costs below the $550/oz industry average (excluding byproducts). And that should result in an industry-leading jump in earnings this year
The picture is clear: Not only will Goldcorp likely be one of the most profitable majors this year, its five-year growth rate tells us it will be the go-to senior stock for the foreseeable future.
Our Recommendation
Goldcorp rates high on our list of senior gold stocks that you can buy and hold till the end of the gold bull market. It will be less volatile than many of our other picks, but if you’re looking for risk-managed growth, GG may be for you.
How high might the stock go this year? Unless gold ends the year flat or down – something we think unlikely – GG could hit $60 this fall. That’s a 25% gain from $48, and a 30.4% return if you can snag it at $46, our recommendation. That’s not a promise, of course, but given the company’s operational growth this year, that’s a reasonable short-term target. And considering where we think gold is ultimately headed, that may be just the beginning for how high the stock could go.