Goldcorp Inc. (GG) Trading 2.2% Higher
Shares of Goldcorp Inc. (NYSE:GG) traded up 2.2% during mid-day trading on Thursday . The stock traded as high as $15.71 and last traded at $15.58, with a volume of 5,965,101 shares changing hands. The stock had previously closed at $15.24.
Several equities analysts have recently weighed in on the stock. Credit Suisse Group AG reissued a “hold” rating on shares of Goldcorp in a research note on Saturday, May 14th. Vetr raised shares of Goldcorp from a “sell” rating to a “hold” rating and set a $16.25 price target on the stock in a research note on Monday, May 30th. Zacks Investment Research raised shares of Goldcorp from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Tuesday, July 12th. Goldman Sachs Group Inc. downgraded shares of Goldcorp from a “buy” rating to a “neutral” rating and raised their price target for the stock from $15.30 to $16.00 in a research note on Wednesday, May 11th. Finally, Jefferies Group reaffirmed a “hold” rating on shares of Goldcorp in a research note on Wednesday, June 8th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $19.41.
The firm has a 50 day moving average of $17.80 and a 200 day moving average of $17.41. The company’s market capitalization is $13.67 billion.
Goldcorp (NYSE:GG) last issued its quarterly earnings data on Wednesday, July 27th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by $0.12. The business had revenue of $921 million for the quarter, compared to the consensus estimate of $882.55 million. During the same period last year, the business earned $0.08 earnings per share. The firm’s quarterly revenue was down 30.1% compared to the same quarter last year. Analysts expect that Goldcorp Inc. will post $0.37 earnings per share for the current fiscal year.
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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