Investors bought shares of Goldcorp Inc. (NYSE:GG) on weakness during trading on Wednesday. $40.40 million flowed into the stock on the tick-up and $27.23 million flowed out of the stock on the tick-down, for a money net flow of $13.17 million into the stock. Of all equities tracked, Goldcorp had the 15th highest net in-flow for the day. Goldcorp traded down ($1.09) for the day and closed at $17.97

A number of research analysts have commented on GG shares. Jefferies Group increased their price objective on shares of Goldcorp to $17.00 in a research note on Wednesday, March 30th. CIBC increased their price objective on shares of Goldcorp from $16.50 to $17.50 in a research note on Friday, April 8th. Desjardins upgraded shares of Goldcorp from a “hold” rating to a “buy” rating in a research note on Wednesday, June 22nd. Zacks Investment Research upgraded shares of Goldcorp from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Tuesday, June 28th. Finally, HSBC reiterated a “buy” rating on shares of Goldcorp in a research note on Thursday, July 7th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $18.12.

The company’s market cap is $14.95 billion. The company’s 50-day moving average is $18.58 and its 200-day moving average is $16.20.

Goldcorp (NYSE:GG) last announced its earnings results on Wednesday, April 27th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.06. During the same period last year, the firm posted ($0.11) EPS. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $953.42 million. The company’s revenue was down 9.0% compared to the same quarter last year. Equities analysts forecast that Goldcorp Inc. will post $0.39 earnings per share for the current year.

A number of large investors have made changes to their positions in the stock. Airain ltd raised its stake in shares of 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 during the period. 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 period. 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 period. 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 valued at $21,916,000 after buying an additional 162,146 shares during the period. Finally, 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 valued at $2,836,000 after buying an additional 11,160 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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