Goldcorp Inc. (NYSE:GG) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $20.38 and last traded at $20.13, with a volume of 5,398,129 shares changing hands. The stock had previously closed at $19.98.

Several brokerages recently issued reports on GG. Deutsche Bank AG reaffirmed a “sell” rating on shares of Goldcorp in a research report on Thursday. HSBC reaffirmed a “buy” rating on shares of Goldcorp in a research report on Thursday. Vetr lowered Goldcorp from a “strong-buy” rating to a “sell” rating and set a $19.34 target price for the company. in a research report on Tuesday. Jefferies Group reaffirmed a “hold” rating on shares of Goldcorp in a research report on Thursday, April 28th. Finally, Goldman Sachs Group Inc. lowered Goldcorp from a “buy” rating to a “neutral” rating and raised their target price for the stock from $15.30 to $16.00 in a research report on Wednesday, May 11th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $18.44.

The company’s market capitalization is $16.34 billion. The stock’s 50-day moving average price is $18.00 and its 200-day moving average price is $15.73.

Goldcorp (NYSE:GG) last posted its quarterly earnings results on Wednesday, April 27th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.06. During the same quarter in the previous year, the company earned ($0.11) earnings per share. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $953.42 million. The business’s quarterly revenue was down 9.0% on a year-over-year basis. Analysts expect that Goldcorp Inc. will post $0.35 earnings per share for the current fiscal year.

Other institutional investors have recently modified their holdings of the company. Comerica Bank increased its position in shares of Goldcorp by 17.0% in the fourth quarter. Comerica Bank now owns 89,746 shares of the company’s stock valued at $1,120,000 after buying an additional 13,033 shares during the period. Korea Investment CORP increased its position in shares of Goldcorp by 38.5% in the fourth quarter. Korea Investment CORP now owns 138,500 shares of the company’s stock valued at $1,594,000 after buying an additional 38,500 shares during the period. Gulf International Bank UK Ltd increased its position in shares of Goldcorp by 4.8% in the fourth quarter. Gulf International Bank UK Ltd now owns 245,242 shares of the company’s stock valued at $2,836,000 after buying an additional 11,160 shares during the period. Trexquant Investment LP increased its position in shares of Goldcorp by 532.4% in the fourth quarter. Trexquant Investment LP now owns 341,472 shares of the company’s stock valued at $3,947,000 after buying an additional 287,472 shares during the period. Finally, BNP Paribas Arbitrage SA increased its position in shares of Goldcorp by 81.8% in the fourth quarter. BNP Paribas Arbitrage SA now owns 665,396 shares of the company’s stock valued at $7,692,000 after buying an additional 299,357 shares during the period.

Goldcorp Inc is a gold producer engaged in the operation, exploration, development and acquisition of precious metal properties in Canada, the United States, Mexico, and Central and South America. The Company is engaged in the sale of gold, silver, lead, zinc and copper. The Company’s segments include Red Lake Gold Mines Ontario Partnership (Red Lake), Goldcorp Canada Ltd./Goldcorp Inc (Porcupine), Musselwhite, Les Mines Opinaca Ltee (Eleonore), Minera Penasquito SA de C.V.

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