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Goldcorp (GG) Stock Up as Gold Prices Rise, Morgan Stanley Prefers Over Peers

NEW YORK (TheStreet) -- Shares of Goldcorp (GG) were rising late Tuesday morning on higher gold prices and a bullish note at Morgan Stanley.

Gold for December delivery was advancing 0.35% to $1,346 per ounce on the COMEX despite bias tilting toward higher interest rates, MarketWatch reports.

Goldcorp, a Vancouver-based gold producer, also gained this morning after analysts at Morgan Stanley said they preferred the company over peers like Newmont Mining (NEM) and Barrick Gold (ABX).

The company has lagged behind the competition by approximately 95% year-to-date after resetting...