Goldcorp Inc. (GG) Sees Large Volume Increase
Goldcorp Inc. (NYSE:GG) shares saw unusually-strong trading volume on Wednesday . Approximately 8,427,246 shares traded 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 research analysts have recently issued reports on GG shares. Vetr lowered shares of Goldcorp from a “strong-buy” rating to a “strong sell” rating and set a $16.25 price target on the stock. in a report on Tuesday, May 17th. HSBC restated a “buy” rating on shares of Goldcorp in a report on Thursday, July 7th. Morgan Stanley started coverage on shares of Goldcorp in a report on Tuesday, August 9th. They set an “overweight” rating and a $22.00 price target on the stock. Barclays PLC boosted their price target on shares of Goldcorp from $18.00 to $20.00 and gave the company an “overweight” rating in a report on Monday, August 8th. Finally, Jefferies Group restated a “hold” rating on shares of Goldcorp in a report on Wednesday, June 8th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Goldcorp has a consensus rating of “Hold” and a consensus price target of $19.59.
The stock’s market capitalization is $14.18 billion. The stock has a 50 day moving average of $18.45 and a 200-day moving average of $17.39.
Goldcorp (NYSE:GG) last released its quarterly earnings data on Wednesday, July 27th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.03 by $0.12. The company had revenue of $921 million for the quarter, compared to analyst estimates of $882.55 million. Goldcorp’s revenue was down 30.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.08 earnings per share. On average, analysts anticipate that Goldcorp Inc. will post $0.37 earnings per share for the current year.
An institutional investor recently raised its position in Goldcorp stock. Airain ltd increased its position in shares of Goldcorp Inc. (NYSE:GG) by 2.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 220,384 shares of the company’s stock after buying an additional 4,496 shares during the period. Airain ltd’s holdings in Goldcorp were worth $2,548,000 at the end of the most recent reporting period.
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 MarketBeat.com's FREE daily email newsletter.