TSX:LSG.DB - Post by User
Post by
lornon Jun 15, 2015 12:17pm
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Post# 23831442
Re Gold Corp
Re Gold CorpGoldcorp downgraded at RBC, which says dividend needs better execution Jun 15 2015, 11:24 ET | About: Goldcorp Inc. (GG) | By: Carl Surran, SA News Editor Goldcorp (GG -0.8%) is downgraded to Sector Perform from Outperform with a $21 price target, reduced from $24, at RBC Capital, which expects the market will wait for it to successfully deliver on its production and mine development guidance before the shares re-rate higher, given previous failures to meet guidance. The firm also believes successful execution is necessary for GG to sustain its current dividend, and that the payout could be at risk below the current gold price, highlighting US$1,175/oz. gold and US$16.50/lb. silver as GG’s net free cash breakeven point, below which the company will need to cut capital spending or borrow to pay its dividend. https://seekingalpha.com/news/2580225-goldcorp-downgraded-at-rbc-which-says-dividend-needs-better-execution?uprof=46&dr=1#email_link