Best Gold Stocks To Own For 2016

Best Gold Stocks To Own For 2016: Goldcorp Incorporated(GG)

Goldcorp Inc. engages in the acquisition, exploration, development, and operation of precious metal properties in Canada, the United States, Mexico, and Central and South America. It produces and sells gold, silver, copper, lead, and zinc. The company was founded in 1954 and is headquartered in Vancouver, Canada.

Advisors' Opinion:

• [By Jim Jubak]

  Gold reserves fell by 8%. That is a relatively small reduction, in comparison to those being declared by other gold miners recently—Goldcorp (GG), for example, declared a 15% reduction in reserves. Yamana Gold has been relatively aggressive in cutting the price assumptions it uses in calculating reserves (at $950 an ounce versus $1,300 an ounce at Goldcorp), so the low price of gold in 2013 has relatively less effect on Yamana's reserve calculations.

• [By Sean Williams]

  Relatively speaking, there is only one of other gold miner that even comes close to Yamana's cost structure thanks to byproducts, Goldcorp (NYSE: GG  ) . While I have nothing at all against Goldcorp (in fact, I feel it should be on your Watchlist as well), its byproduct costs have shot higher in recent quarters and stood at $565/oz. as of the first quarter. It's also having legal issues with regard to certain land rights located within its Penasquito mine site. By comparison, Yamana's first-quarter byproduct cash costs totaled just $383/oz. and its all-in sustaining costs were nearly $280/oz. lower than Goldcorp!

• [By Heather Ingrassia]

  On Friday, shares of PepsiCo -- which currently possess a market cap of $122.80 billion, a P/E ratio of 18.71, a forward P/E ratio of 16.78, and a forward yield of 2.86% ($2.27) -- settled at $79.73. As of June 30, 2013, and from a cash and debt perspective, Goldcorp (GG) had a total of $8.14 billion in cash and a total of $29.51 billion in debt on its books. Based on Friday's closing price of ! $29.92, shares of PepsiCo are trading 2.50% below their 20-day simple moving average, 3.60% below their 50-day simple moving average, and 3.40% above their 200-day simple moving average. These numbers indicate a short and mid-term downtrend and a moderate long-term uptrend for the stock, which generally translates into somewhat of a buying mode for most traders.

• [By Ben Levisohn]

  There’s a lady who’s sure all that glitters is gold, but that lady is not Barclays, which named Goldcorp (GG) a top pick today.

  Eva-Lotta Jansson/Bloomberg/Getty Images

  Goldcorp has gained 3.4% today, about in line with the Market Vectors Gold Miners ETF(GDX) 3.5% rise. And much of the credit, of course, goes to the jump in gold prices: theSPDR Gold Trust(GLD) has gained 1.5%.

source from Top Stocks To Buy For 2015:http://www.topstocksforum.com/best-gold-stocks-to-own-for-2016.html