Somewhat Positive Press Coverage Somewhat Unlikely to Impact Goldcorp (GG) Share Price
Media headlines about Goldcorp (NYSE:GG) (TSE:G) have trended somewhat positive on Thursday, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Goldcorp earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news coverage about the basic materials company an impact score of 46.8628320799826 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- Cariboo Rose Commences Drilling at Canadian Creek, Yukon – MarketWatch (marketwatch.com)
- Company Watch: Stock Nearing 52-Week Low Goldcorp Inc. (NYSE:GG) – Sparta Review (spartareview.com)
- Sentry Investments Corp. Bought A Little More Goldcorp Inc. (GG) Stock – First News 24 (firstnewspaper24.com)
- Suggestions before Buy or Sell action: Goldcorp Inc. (GG) – Voice Of Analysts (analystsbuzz.com)
- Positive stock of the month – Goldcorp Inc. (GG) moved 0.40% high – Street Observer (press release) (streetobserver.com)
Goldcorp (NYSE GG) traded up 2.44% during midday trading on Thursday, reaching $13.03. The company’s stock had a trading volume of 9,149,752 shares. The firm has a 50 day moving average price of $13.09 and a 200-day moving average price of $14.46. Goldcorp has a 12-month low of $11.91 and a 12-month high of $19.34. The company has a market cap of $11.27 billion, a P/E ratio of 23.91 and a beta of 0.02.
GG has been the topic of a number of recent analyst reports. BidaskClub lowered Goldcorp from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 17th. TD Securities reiterated a “buy” rating on shares of Goldcorp in a research report on Thursday, June 15th. Morgan Stanley reiterated an “overweight” rating on shares of Goldcorp in a research report on Friday, July 21st. Barclays PLC reiterated an “overweight” rating and issued a $18.00 price objective (down from $19.00) on shares of Goldcorp in a research report on Thursday, June 1st. Finally, Jefferies Group LLC set a $15.00 price objective on Goldcorp and gave the stock a “hold” rating in a research report on Friday, May 19th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $17.08.
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.
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