Goldcorp Inc. (NYSE:GG) shot up 3% during trading on Wednesday . The stock traded as high as $18.88 and last traded at $18.85, with a volume of 5,760,452 shares. The stock had previously closed at $18.30.

Several research firms have recently commented on GG. Jefferies Group restated a “hold” rating on shares of Goldcorp in a research note on Thursday, April 28th. Royal Bank Of Canada restated an “underperform” rating on shares of Goldcorp in a research note on Wednesday, April 27th. Credit Suisse Group AG restated a “hold” rating on shares of Goldcorp in a research note on Saturday, May 14th. Goldman Sachs Group Inc. lowered Goldcorp from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $15.30 to $16.00 in a research note on Wednesday, May 11th. Finally, Desjardins lowered Goldcorp from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $18.59.

The company’s 50-day moving average is $18.68 and its 200-day moving average is $16.42. The company’s market capitalization is $15.68 billion.

Goldcorp (NYSE:GG) last posted its earnings results on Wednesday, July 27th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by $0.12. The company had revenue of $921 million for the quarter, compared to the consensus estimate of $882.55 million. Goldcorp’s revenue for the quarter was down 30.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.08 EPS. On average, analysts forecast that Goldcorp Inc. will post $0.40 earnings per share for the current fiscal year.

A number of hedge funds and institutional investors have bought and sold shares of GG. Comerica Bank increased its position in 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 in the last quarter. State of Wisconsin Investment Board increased its position in Goldcorp by 49.8% in the fourth quarter. State of Wisconsin Investment Board now owns 1,254,956 shares of the company’s stock worth $14,446,000 after buying an additional 417,300 shares in the last quarter. Gulf International Bank UK Ltd increased its position 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 in the last quarter. Wells Fargo & Company MN increased its position in 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 in the last quarter. Finally, Trexquant Investment LP increased its position in Goldcorp by 532.4% in the fourth quarter. Trexquant Investment LP now owns 341,472 shares of the company’s stock worth $3,947,000 after buying an additional 287,472 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.