Shares of Goldcorp Inc. (NYSE:GG) traded down 1.4% on Tuesday . The stock traded as low as $17.64 and last traded at $17.69, with a volume of 6,416,180 shares. The stock had previously closed at $17.94.

Several analysts have recently weighed in on the stock. Vetr upgraded shares of Goldcorp from a “buy” rating to a “strong-buy” rating and set a $21.00 price objective for the company in a research report on Wednesday, August 17th. Morgan Stanley initiated coverage on shares of Goldcorp in a research report on Tuesday, August 9th. They issued an “overweight” rating and a $22.00 price target for the company. Barclays PLC upped their price target on shares of Goldcorp from $18.00 to $20.00 and gave the company an “overweight” rating in a research report on Monday, August 8th. TD Securities reiterated a “hold” rating and issued a $21.00 price target (down previously from $23.00) on shares of Goldcorp in a research report on Thursday, August 4th. Finally, Citigroup Inc. initiated coverage on shares of Goldcorp in a research report on Tuesday, August 2nd. They issued a “neutral” rating and a $20.00 price target for the company. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Goldcorp currently has a consensus rating of “Hold” and an average price target of $19.59.

The firm’s market cap is $15.09 billion. The company’s 50 day moving average price is $18.67 and its 200 day moving average price is $17.41.

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 business earned $921 million during the quarter, compared to the consensus estimate of $882.55 million. The business’s revenue was down 30.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.08 EPS. Equities analysts anticipate 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 position in shares of Goldcorp Inc. (NYSE:GG) by 81.8% during the fourth quarter, according to its most recent filing with the SEC. 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 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.

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