Goldcorp Inc. (TSE:G) (NYSE:GG) had its price target increased by analysts at J P Morgan Chase & Co from C$21.00 to C$23.60 in a research note issued on Wednesday. J P Morgan Chase & Co’s price objective would suggest a potential upside of 39.64% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. Royal Bank Of Canada upgraded shares of Goldcorp from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from C$15.00 to C$18.00 in a research note on Wednesday, November 1st. Scotiabank reduced their price objective on shares of Goldcorp to C$22.00 and set an “outperform” rating for the company in a research note on Tuesday, October 31st. National Bank Financial reduced their price objective on shares of Goldcorp from C$22.50 to C$22.00 and set a “sector perform” rating for the company in a research note on Friday, July 28th. TD Securities reduced their price objective on shares of Goldcorp to C$25.00 and set a “buy” rating for the company in a research note on Friday, August 4th. Finally, Canaccord Genuity lifted their target price on shares of Goldcorp from C$21.00 to C$21.50 in a research report on Thursday, October 26th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Goldcorp has a consensus rating of “Buy” and a consensus target price of C$22.35.

Shares of Goldcorp (TSE:G) opened at C$16.90 on Wednesday. Goldcorp has a fifty-two week low of C$15.56 and a fifty-two week high of C$23.35.

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In other news, insider Russell David Ball sold 2,000 shares of Goldcorp stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of C$16.82, for a total transaction of C$33,640.00. In the last 90 days, insiders have sold 6,720 shares of company stock valued at $113,486.

About Goldcorp

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 (TSE:G)

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