Barrick Vs. Goldcorp: Which Is The Better Buy?
- By Karin Hernandez:If you believe that gold still has room to run and that the stock market is not going to fall precipitously any time soon, then you might be thinking about investing in gold mining companies, whose value fluctuates depending on those two aforementioned factors. Two of the largest mining companies are Barrick Gold (NYSE: ABX) and Goldcorp Inc. (NYSE: GG).In my analysis, I tend to rely heavily on analyst opinion and estimates. I figure they have been studying the stock for a while and probably have a better handle on the numbers than I do. I do look at current news, as well, but I like to lean more on the numbers to provide an objective recommendation.Barrick is currently trading at about $39, about 10% up from its 52-week low of $34.82 reached in May. It has a PE of 8.6 and pays a 2.1% dividend. The currentComplete Story »