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Goldcorp Inc: Stock Price Target for 2013 (NYSE:GG)

Looking forward to 2013 many different analysis see a strong price target for gold and Goldcorp Inc. (NYSE:GG) (TSE:G).

In November 2012, Bloomberg forecast gold to be US dollars 1,925.- per ounce. The bullion bank ScotiaMocatta forecasts gold to be in the US$ 2,200.- per troy ounce. The CEO of the largest US gold mining company Newmont Mining estimates that the price of gold in 2013 may increase to US dollars 2,550. (Trustablegold)

With the projected increase in gold moving forward Goldcorp Inc looks to be in good condition to capitalize on the gains.

1. Estimated Sales = $6.63 billion

2. Estimated Profit Margin = 34.46%

3. Earnings = $2.285 billion

4. Shares Outstanding = 819.11 million

5. Estimated EPS = $2.79

6. Forward Average P/E = 20.3

NYSE:GG, TSX:G – Goldcorp Inc. – Stock Price Target for 2013 = $56.63 USD

Other stock price targets for Goldcorp:

16-Oct-12 Initiated Barclays Overweight $62
26-Jul-12 Reiterated HSBC Securities Overweight $67 → $60
05-Jul-11 Downgrade Deutsche Bank Buy → Hold $60 → $56
31-Jan-11 Reiterated RBC Capital Mkts Outperform $64 → $56


Charts Provided by: FINVIZ

To read another article on Goldcorp please read :Goldcorp: (NYSE:GG, TSX:G) Financial Strength

Please note: Currently I am Long Goldcorp.

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