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Top 5 Gold Stocks For High Gold Prices

No. 4 -- Goldcorp (GG - Get Report)

Foster: Amongst the largest companies we like Goldcorp the best because they have a growth profile. They're developing a huge mine in Mexico called Penasquito that is coming in on budget and on time. It looks very good to us and next year they'll be bringing Pueblo Viejo online, a joint venture they have with Barrick Gold (ABX - Get Report) in the Dominican Republic. And beyond that there are a number of other projects to fill their pipelines, so we like the growth profile on Goldcorp and they're managing it very well.

The stock is up just 6% year to date, so just how undervalued do you think this stock really is?

Foster: In my view it's not that undervalued but because of their solid growth profile. I think they can trade at a premium to their peers because of their management and just the dynamics of the company. So I wouldn't call it a cheap stock but the outperformance would be in the high multiples the company can command.

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SYM TRADE IT LAST %CHG
AEM $31.53 -0.13%
ABX $13.09 -0.61%
GOLD $74.96 -1.60%
GG $18.52 -1.30%
IAG $2.30 0.88%

Markets

DOW 17,955.19 -115.21 -0.64%
S&P 500 2,095.57 -18.92 -0.89%
NASDAQ 4,946.2290 -70.70 -1.41%

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