Shares of Goldcorp Inc. (NYSE:GG) dropped 3.6% during mid-day trading on Wednesday . The stock traded as low as $18.07 and last traded at $18.16, with a volume of 4,840,550 shares. The stock had previously closed at $18.83.

GG has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Goldcorp from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Tuesday, June 28th. Desjardins upgraded shares of Goldcorp from a “hold” rating to a “buy” rating in a research note on Wednesday, June 22nd. HSBC reiterated a “buy” rating on shares of Goldcorp in a research note on Thursday, July 7th. BMO Capital Markets reiterated a “buy” rating and issued a $23.00 target price on shares of Goldcorp in a research note on Thursday, July 28th. Finally, Vetr lowered shares of Goldcorp from a “strong-buy” rating to a “buy” rating and set a $21.00 target price for the company. in a research note on Wednesday, August 10th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $19.59.

The firm has a 50-day moving average of $18.77 and a 200-day moving average of $17.19. The company’s market cap is $15.78 billion.

Goldcorp (NYSE:GG) last released its quarterly earnings data on Wednesday, July 27th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.03 by $0.12. The company earned $921 million during the quarter, compared to the consensus estimate of $882.55 million. During the same period last year, the firm earned $0.08 EPS. The business’s quarterly revenue was down 30.1% compared to the same quarter last year. On average, equities analysts anticipate that Goldcorp Inc. will post $0.37 EPS for the current year.

Several large investors have recently added to or reduced their stakes in GG. Trexquant Investment LP increased its stake 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. Bridgewater Associates LP increased its stake in Goldcorp by 38.0% in the fourth quarter. Bridgewater Associates LP now owns 1,226,822 shares of the company’s stock worth $14,182,000 after buying an additional 337,961 shares in the last quarter. Wells Fargo & Company MN increased 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 worth $21,916,000 after buying an additional 162,146 shares in the last quarter. Comerica Bank increased its stake 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. Finally, BNP Paribas Arbitrage SA increased its stake in Goldcorp by 81.8% in the fourth quarter. BNP Paribas Arbitrage SA now owns 665,396 shares of the company’s stock worth $7,692,000 after buying an additional 299,357 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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