Goldcorp Inc. (NYSE:GG)’s share price was down 4.4% during mid-day trading on Wednesday . The stock traded as low as $18.05 and last traded at $18.23, with a volume of 6,487,789 shares trading hands. The stock had previously closed at $19.06.

Several equities analysts have issued reports on GG shares. HSBC restated a “buy” rating on shares of Goldcorp in a research report on Thursday, July 7th. Vetr cut shares of Goldcorp from a “strong-buy” rating to a “sell” rating and set a $19.34 price objective for the company. in a research report on Tuesday, July 5th. Deutsche Bank AG reiterated a “sell” rating on shares of Goldcorp in a research report on Thursday, July 7th. Desjardins upgraded shares of Goldcorp from a “hold” rating to a “buy” rating in a research report on Wednesday, June 22nd. Finally, Royal Bank Of Canada reiterated an “underperform” rating on shares of Goldcorp in a research report on Wednesday, April 27th. 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 company. Goldcorp presently has a consensus rating of “Hold” and an average price target of $18.12.

The firm’s 50-day moving average price is $18.55 and its 200-day moving average price is $16.19. The firm’s market cap is $14.95 billion.

Goldcorp (NYSE:GG) last released its earnings results on Wednesday, April 27th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.06. The firm earned $1.16 billion during the quarter, compared to analysts’ expectations of $953.42 million. The company’s revenue was down 9.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.11) earnings per share. On average, equities research analysts anticipate that Goldcorp Inc. will post $0.39 EPS for the current fiscal year.

Other large investors have recently added to or reduced their stakes in the company. Airain ltd raised its stake in Goldcorp by 2.1% in the fourth quarter. Airain ltd now owns 220,384 shares of the company’s stock valued at $2,548,000 after buying an additional 4,496 shares in the last quarter. Gulf International Bank UK Ltd raised its stake 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 worth $2,836,000 after buying an additional 11,160 shares during the period. Comerica Bank raised its stake in shares of Goldcorp by 17.0% in the fourth quarter. Comerica Bank now owns 89,746 shares of the company’s stock worth $1,120,000 after buying an additional 13,033 shares during the period. OppenheimerFunds Inc. raised its stake in shares of Goldcorp by 2.7% in the fourth quarter. OppenheimerFunds Inc. now owns 4,334,678 shares of the company’s stock worth $50,109,000 after buying an additional 113,308 shares during the period. Finally, Wells Fargo & Company MN raised its stake in shares of Goldcorp by 9.4% in the fourth quarter. Wells Fargo & Company MN now owns 1,895,802 shares of the company’s stock worth $21,916,000 after buying an additional 162,146 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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