Goldcorp downgraded to Neutral from Outperform at Credit Suisse Credit Suisse downgraded Goldcorp based on expectations for increased capex and lower production growth due to Penasquito issues. Price target lowered to $45 from $58.
News For GG From The Last 14 Days
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Osisko responds to Goldcorp increased offer to C$7.65 per share Osisko notes the announcement by Goldcorp that it intends to amend its hostile offer to acquire all of the outstanding common shares of Osisko to extend the expiry date, increase the consideration payable and reduce the minimum tender condition. The board of Osisko said it will consider this announcement. Until the Corporation completes its review, it will not comment further or speculate as to any future course of action it might take.