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Wednesday, January 18, 2012

Goldcorp stock prices outlook 2012

Goldcorp stock prices outlook 2012 ; Goldcorp has a forward price earnings ratio of 14.74. The company has $5.23 billion in revenues, $1.48 billion in cash and $726.00 million in debt. In the past year, the earnings have been volatile by coming at $.57. Then falling to $.50 per share, before these figures started rising to $.57 (in the last quarter). This is illustrating, how the stock is overvalued in comparison with the markets and the instability in earnings. However, the balance sheet is in good shape.

This means that the company can withstand a number of issues. Technically speaking, the price is below the 200 day moving average of $49.47 (which is considered to be a bearish pattern). These factors are showing how the company is facing increased amounts of volatility from a lack of clarity in earnings guidance and high valuations. As a result, it is advisable to wait for a lower forward PE ratio (in comparison with the markets), more earnings stability and a consistent pattern of rising prices (with a close above the 200 day moving average). However, over the long term I think this stock is a winner For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

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