After Reassessing Our Valuation Assumptions, We Are Reducing Goldcorp’s Fair Value Estimate
Goldcorp reported a decent second quarter, flattered in part by an easier prior-year quarter for comparison. Production rose nearly 4% to 635,000 ounces, while all-in sustaining costs (AISC) fell 25% to $800 per ounce. The company largely maintained its five-year outlook, centered on its 20/20/20 growth plan. Over the next five years, Goldcorp looks to boost production by 20%, boost reserves by 20%, and reduce AISC by 20%. By 2021, we forecast production will be roughly 10% higher and AISC rough...Goldcorp is a gold producer engaged in the operation, exploration, development and acquisition of precious metal properties in Canada, the United States, Mexico, and Central and South America. Co.'s metal properties consist of gold, silver, copper, lead and zinc.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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