Goldcorp Inc. (NYSE:GG) shares saw strong trading volume on Wednesday . 8,427,246 shares changed hands during trading, an increase of 8% from the previous session’s volume of 7,792,183 shares.The stock last traded at $16.68 and had previously closed at $17.69.

A number of equities analysts have recently weighed in on the company. Jefferies Group reaffirmed a “hold” rating on shares of Goldcorp in a research report on Thursday, April 28th. Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Goldcorp in a research report on Wednesday, April 27th. Credit Suisse Group AG reissued a “hold” rating on shares of Goldcorp in a research report on Saturday, May 14th. Vetr raised Goldcorp from a “buy” rating to a “strong-buy” rating and set a $21.00 price target for the company in a research report on Wednesday, August 17th. Finally, Goldman Sachs Group Inc. lowered Goldcorp from a “buy” rating to a “neutral” rating and increased their price target for the company from $15.30 to $16.00 in a research report on Wednesday, May 11th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Goldcorp presently has an average rating of “Hold” and a consensus price target of $19.59.

The company has a 50-day moving average of $18.67 and a 200 day moving average of $17.41. The company’s market capitalization is $13.69 billion.

Goldcorp (NYSE:GG) last released its earnings results on Wednesday, July 27th. The company reported ($0.09) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by $0.12. The business earned $921 million during the quarter, compared to analyst estimates of $882.55 million. During the same quarter last year, the business earned $0.08 earnings per share. The company’s quarterly revenue was down 30.1% on a year-over-year basis. Analysts expect that Goldcorp Inc. will post $0.37 earnings per share for the current year.

A hedge fund recently raised its stake in Goldcorp stock. BNP Paribas Arbitrage SA increased its stake in Goldcorp Inc. (NYSE:GG) by 81.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 665,396 shares of the company’s stock after buying an additional 299,357 shares during the period. BNP Paribas Arbitrage SA owned about 0.08% of Goldcorp worth $7,692,000 as of its most recent SEC filing.

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's FREE daily email newsletter.