Goldcorp Inc. (NYSE:GG) was down 3.6% during 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 traded. The stock had previously closed at $18.83.

Several equities research analysts have commented on GG shares. Royal Bank Of Canada restated an “underperform” rating on shares of Goldcorp in a research report on Wednesday, April 27th. Jefferies Group restated a “hold” rating on shares of Goldcorp in a research report on Thursday, April 28th. 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 report on Wednesday, May 11th. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Goldcorp in a research note on Saturday, May 14th. Finally, Vetr downgraded Goldcorp from a “strong-buy” rating to a “strong sell” rating and set a $16.25 target price for the company. in a research note on Tuesday, May 17th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $19.59.

The firm has a 50-day moving average price of $18.77 and a 200-day moving average price of $17.21. The firm’s market capitalization is $15.67 billion.

Goldcorp (NYSE:GG) last posted its quarterly earnings results on Wednesday, July 27th. The company reported ($0.09) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.12. The company earned $921 million during the quarter, compared to analysts’ expectations of $882.55 million. During the same quarter in the previous year, the business posted $0.08 EPS. Goldcorp’s quarterly revenue was down 30.1% on a year-over-year basis. On average, equities analysts predict that Goldcorp Inc. will post $0.37 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of GG. 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 during 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 during 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 during the last quarter. Finally, Airain ltd increased its stake in Goldcorp by 2.1% in the fourth quarter. Airain ltd now owns 220,384 shares of the company’s stock worth $2,548,000 after buying an additional 4,496 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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