Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Toronto Stock Exchange  >  Goldcorp Inc.    G   CA3809564097

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Banks drag TSX to one-week low on Cyprus fears

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/21/2013 | 09:57pm CEST

Canada's main stock index fell to a one-week low on Thursday as investor anxiety over the threat of a debt default and banking meltdown in Cyprus spurred weakness in financial and energy shares that a surge in gold-mining stocks couldn't overcome.

Stronger manufacturing data from China and the U.S. Federal Reserve's recommitment on Wednesday to its ongoing stimulus program prevented the fall from becoming steeper.

The Toronto Stock Exchange's S&P/TSX composite index <.GSPTSE> closed down 78.68 points, or 0.61 percent, at 12,747.87, very close to its lowest level of the day and its lowest point since March 14.

The crisis in Cyprus revived questions about the economic health of the broader euro zone and brought into focus the risks investors there must face.

"It reinforces the piece that says the problems in Spain, Portugal, Greece and other locations aren't going away in a hurry," said Robert McWhirter, president and portfolio manager at Selective Asset Management.

The European Central Bank gave Cyprus until Monday to raise billions of euros to clinch an international bailout or face losing emergency funds for its banks.

"If this goes down to the wire, there is some risk to the markets," said Stan Wong, vice president and portfolio manager at Macquarie Private Wealth. "Being a little cautious and holding some cash would make some sense."

Financials, the index's weightiest sector, were down 0.8 percent. Royal Bank of Canada (>> Royal Bank of Canada), the country's biggest bank, slipped about 1 percent to C$60.74, and Toronto-Dominion Bank (>> Toronto-Dominion Bank) fell 0.7 percent to C$83.67.

A sharp fall in oil prices and a 2.5 percent decline in Canadian Natural Resources Ltd (>> Canadian Natural Resources Limited) to C$32.79 resulted in the energy sector losing 1.1 percent.

The industrials sector dropped 1.6 percent. Canadian National Railway Co (>> Canadian National Railway Company) was down 2.5 percent at C$98.84.

The Cyprus worries boosted the appeal of gold as a safe haven and pushed the price of the precious metal to a one-month high. <GOL/>

That helped the index's materials sector, which includes mining stocks, gain 0.5 percent, with gold miners rising 2.2 percent. Barrick Gold Corp (>> Barrick Gold Corp.) added 2.4 percent to C$30.31, and Goldcorp Inc (>> Goldcorp Inc.) climbed almost 2 percent to C$34.24.

Lululemon Athletica Inc (>> Lululemon Athletica Inc) said it expected earnings to drop in the current quarter, hurt by a recall of its workout pants. It also reported results for the quarter ended February 3 that came in slightly ahead of forecasts. Shares of the yogawear retailer were up 1.4 percent at C$66.26.

($1=$1.02 Canadian)

(Reporting by John Tilak, editing by Peter Galloway)

By John Tilak

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on GOLDCORP INC.
07/29 RAPIER GOLD : Announces private placement, closes first tranche
07/28 GOLDCORP : Reports Second Quarter 2016 Results; Expansions Approved at Peñasquit..
07/28 GOLDCORP : Être une femme chez Goldcorp
07/28 GOLDCORP : Ser minera en Goldcorp
07/28 GOLDCORP : Reports Second Quarter 2016 Results
07/28 GOLDCORP : Reports Second Quarter 2016 Results; Expansions Approved at Peñasquit..
07/28 GOLDCORP : reports 2Q loss
07/26 GOLDCORP : L’exercice d’une gestion environnementale responsable
07/26 KAPUSKASING GOLD : Announces Drill Program has commenced on the Rollo Property, ..
07/25 Cariboo Rose Commences Exploration at the Canadian Creek Gold Project, Yukon
More news
Sector news : Gold - NEC
07/29 BARRICK GOLD : Gold miners keep chipping at costs, debt even as profits climb
07/27 RANDGOLD RESOURCES : flagship Mali mine on track to beat production guidance
07/27DJBARRICK GOLD : Higher Gold Prices Helps Barrick Post Gain
07/27DJBARRICK GOLD : Higher Gold Prices Helps Barrick Post Gain
07/26 EXCLUSIVE - BARRICK GOLD WEIGHS SALE : sources
More sector news : Gold - NEC
News from SeekingAlpha
04:15a Jim Grant's view on the markets, metals and stocks
07/30 Goldcorp's (GG) CEO David Garofalo on Q2 2016 Results - Earnings Call Transcr..
07/30 What Can We Learn From The Gold Majors' Largest Mines
07/29 GOLDCORP : Good Time To Buy
07/28 What The Heck Is Going On With Goldcorp?
Advertisement
Financials ($)
Sales 2016 4 065 M
EBIT 2016 433 M
Net income 2016 260 M
Debt 2016 1 962 M
Yield 2016 0,67%
P/E ratio 2016 42,52
P/E ratio 2017 30,06
EV / Sales 2016 4,24x
EV / Sales 2017 3,79x
Capitalization 15 280 M
More Financials
Chart GOLDCORP INC.
Duration : Period :
Goldcorp Inc. Technical Analysis Chart | G | CA3809564097 | 4-Traders
Full-screen chart
Technical analysis trends GOLDCORP INC.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 23
Average target price 22,7 $
Spread / Average Target 27%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
David A. Garofalo President, Chief Executive Officer & Director
Ian W. Telfer Chairman
George R. Burns Chief Operating Officer & Executive Vice President
Russell David Ball CFO & Executive VP-Corporate Development
Luis Canepari Vice President-Information Technology
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
GOLDCORP INC.40.20%15 280
FRANCO NEVADA CORP55.84%13 736
RANDGOLD RESOURCES LIM..114.22%10 938
ZIJIN MINING GROUP CO...-1.42%10 354
GOLD FIELDS LIMITED99.91%4 984
SIBANYE GOLD LTD180.10%4 259
More Results