Shares of Goldcorp Inc. (NYSE:GG) fell 0.4% during mid-day trading on Friday . The company traded as low as $19.29 and last traded at $19.72, with a volume of 3,897,367 shares. The stock had previously closed at $19.64.

A number of brokerages recently issued reports on GG. Jefferies Group reissued a “hold” rating on shares of Goldcorp in a report on Thursday, April 28th. Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Goldcorp in a report on Wednesday, April 27th. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Goldcorp in a report on Saturday, May 14th. Goldman Sachs Group Inc. downgraded shares of Goldcorp from a “buy” rating to a “neutral” rating and increased their price objective for the company from $15.30 to $16.00 in a report on Wednesday, May 11th. Finally, Zacks Investment Research raised shares of Goldcorp from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Tuesday, June 28th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $18.44.

The company’s market capitalization is $16.58 billion. The firm’s 50 day moving average price is $18.02 and its 200 day moving average price is $15.76.

Goldcorp (NYSE:GG) last issued its earnings results on Wednesday, April 27th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.04 by $0.06. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $953.42 million. During the same quarter in the previous year, the firm posted ($0.11) earnings per share. Goldcorp’s revenue for the quarter was down 9.0% on a year-over-year basis. On average, equities analysts anticipate that Goldcorp Inc. will post $0.34 EPS for the current year.

Several large investors recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in shares of Goldcorp by 6.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,264,527 shares of the company’s stock valued at $26,178,000 after buying an additional 139,903 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake 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 last quarter. Trexquant Investment LP raised its stake 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 last quarter. Wells Fargo & Company MN raised its stake in Goldcorp by 9.4% in the fourth quarter. Wells Fargo & Company MN now owns 1,895,802 shares of the company’s stock valued at $21,916,000 after buying an additional 162,146 shares in the last quarter. Finally, Gulf International Bank UK Ltd raised its stake in 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 in the last quarter.

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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