Morgan Stanley restated their overweight rating on shares of Goldcorp Inc. (NYSE:GG) (TSE:G) in a research note issued to investors on Friday morning.

Several other research firms also recently weighed in on GG. Jefferies Group LLC boosted their price target on Goldcorp from $14.50 to $15.00 and gave the company a hold rating in a research note on Wednesday, April 19th. Scotiabank reiterated an outperform rating and set a $19.00 price target on shares of Goldcorp in a research note on Thursday, April 27th. Deutsche Bank AG reiterated a hold rating and set a $15.00 price target (down previously from $16.00) on shares of Goldcorp in a research note on Sunday, June 25th. Royal Bank Of Canada set a $17.00 price target on Goldcorp and gave the company a hold rating in a research note on Wednesday, May 24th. Finally, BidaskClub upgraded Goldcorp from a strong sell rating to a sell rating in a research note on Tuesday, June 27th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Goldcorp has a consensus rating of Hold and a consensus price target of $17.27.

Goldcorp (GG) traded up 0.73% during midday trading on Friday, hitting $13.72. The stock had a trading volume of 6,804,415 shares. The stock has a market cap of $11.74 billion, a PE ratio of 46.99 and a beta of 0.02. The company’s 50 day moving average price is $13.27 and its 200-day moving average price is $14.64. Goldcorp has a 52-week low of $11.91 and a 52-week high of $19.35. Goldcorp also was the recipient of unusually large options trading on Thursday. Stock traders bought 13,951 put options on the stock. This is an increase of 166% compared to the typical volume of 5,252 put options.

Goldcorp (NYSE:GG) (TSE:G) last announced its earnings results on Wednesday, April 26th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.11. Goldcorp had a return on equity of 2.72% and a net margin of 7.31%. The company had revenue of $882 million for the quarter, compared to analyst estimates of $929.91 million. During the same period in the prior year, the company posted $0.10 EPS. Analysts forecast that Goldcorp will post $0.37 EPS for the current fiscal year.

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The business also recently declared a quarterly dividend, which was paid on Friday, June 23rd. Investors of record on Thursday, June 15th were issued a $0.02 dividend. The ex-dividend date of this dividend was Tuesday, June 13th. This represents a $0.08 annualized dividend and a dividend yield of 0.58%. Goldcorp’s dividend payout ratio is presently 26.67%.

Large investors have recently bought and sold shares of the stock. Nomura Asset Management Co. Ltd. boosted its stake in Goldcorp by 55.6% in the first quarter. Nomura Asset Management Co. Ltd. now owns 8,400 shares of the basic materials company’s stock valued at $123,000 after buying an additional 3,000 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Goldcorp by 12.5% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 9,358 shares of the basic materials company’s stock valued at $137,000 after buying an additional 1,037 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Goldcorp during the fourth quarter valued at approximately $137,000. First Financial Equity Corporation bought a new stake in Goldcorp during the first quarter valued at approximately $162,000. Finally, BB&T Securities LLC bought a new stake in Goldcorp during the first quarter valued at approximately $161,000. 56.71% of the stock is owned by hedge funds and other institutional investors.

Goldcorp Company Profile

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.

Analyst Recommendations for Goldcorp (NYSE:GG)

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