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

GG has been the topic of several research analyst reports. Vetr cut shares of Goldcorp from a “strong-buy” rating to a “strong sell” rating and set a $16.25 price target on the stock. in a report on Tuesday, May 17th. HSBC reissued a “buy” rating on shares of Goldcorp in a research note on Thursday. Macquarie cut Goldcorp from an “outperform” rating to a “neutral” rating in a research note on Tuesday, March 15th. Deutsche Bank AG reissued a “sell” rating and issued a $12.30 target price on shares of Goldcorp in a research note on Thursday, March 24th. Finally, Royal Bank Of Canada cut Goldcorp from a “sector perform” rating to an “underperform” rating and increased their target price for the company from $12.00 to $16.50 in a research note on Monday, April 11th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $17.87.

The company has a 50 day moving average of $18.07 and a 200 day moving average of $15.79. The company’s market capitalization is $16.58 billion.

Goldcorp (NYSE:GG) last announced its quarterly 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 earned $1.16 billion during the quarter, compared to analysts’ expectations of $953.42 million. During the same quarter in the previous year, the firm earned ($0.11) EPS. The firm’s revenue for the quarter was down 9.0% compared to the same quarter last year. Equities research analysts anticipate that Goldcorp Inc. will post $0.35 EPS for the current fiscal year.

Several hedge funds have bought and sold shares of GG. Gulf International Bank UK Ltd increased 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 worth $2,836,000 after buying an additional 11,160 shares during the period. 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 last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its position in shares of Goldcorp by 1.0% in the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 1,495,800 shares of the company’s stock valued at $23,918,000 after buying an additional 14,200 shares during the last quarter. Gabelli Funds LLC increased its position in shares of Goldcorp by 0.6% in the fourth quarter. Gabelli Funds LLC now owns 3,545,000 shares of the company’s stock valued at $40,980,000 after buying an additional 20,000 shares during the last quarter. Finally, 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 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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