GoldCorp Has Largest Market Capitalization in Gold Sector

The Financial Post reported that Goldcorp has moved past Barrick Gold to claim top spot of market capitalization in the gold sector.

As quoted in the market report:

Goldcorp enjoys a premium valuation that Barrick can only dream of right now. Pawel Rajszel, an analyst at Veritas Investment Research, calculated that Goldcorp trades at 10.7 times forward cash flows, compared to 5.3 times for Barrick. Mackie Research Capital analyst Barry Allan has Goldcorp trading right at net asset value, while Barrick is at a 20% discount.

To view the whole Financial Post report, click here.