Goldcorp (G) Price Target Increased to C$25.00 by Analysts at National Bank Financial
Goldcorp (TSE:G) (NYSE:GG) had its target price increased by investment analysts at National Bank Financial from C$24.00 to C$25.00 in a report released on Wednesday. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price objective would indicate a potential upside of 39.82% from the stock’s previous close.
Several other research analysts have also issued reports on the company. BMO Capital Markets set a C$16.00 target price on Goldcorp and gave the company a “market perform” rating in a research report on Wednesday. CSFB upgraded Goldcorp from a “neutral” rating to an “outperform” rating and boosted their price target for the company from C$15.50 to C$19.00 in a research note on Tuesday. Desjardins reiterated a “hold” rating on shares of Goldcorp in a research note on Monday, December 11th. CIBC downgraded Goldcorp from a “buy” rating to a “sell” rating in a research note on Thursday, November 30th. Finally, Eight Capital reiterated a “buy” rating on shares of Goldcorp in a research note on Thursday, November 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of C$21.26.
Goldcorp (TSE:G) opened at C$17.88 on Wednesday. Goldcorp has a 1 year low of C$15.00 and a 1 year high of C$23.35. The stock has a market capitalization of $15,500.00, a PE ratio of 23.84 and a beta of -0.53.
Goldcorp (TSE:G) (NYSE:GG) last announced its earnings results on Wednesday, October 25th. The company reported C$0.11 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of C$0.11. Goldcorp had a return on equity of 3.20% and a net margin of 12.82%.
In other news, insider Russell David Ball sold 3,000 shares of the company’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of C$16.91, for a total value of C$50,730.00. Also, Director De La Vega Blanca Treviño bought 7,150 shares of the stock in a transaction dated Friday, November 17th. The stock was bought at an average price of C$13.45 per share, for a total transaction of C$96,167.50. Insiders sold 6,589 shares of company stock worth $106,887 in the last 90 days.
TRADEMARK VIOLATION NOTICE: “Goldcorp (G) Price Target Increased to C$25.00 by Analysts at National Bank Financial” was first reported by Daily Political and is the sole property of of Daily Political. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The original version of this news story can be viewed at https://www.dailypolitical.com/2018/01/19/goldcorp-g-price-target-increased-to-c25-00-by-analysts-at-national-bank-financial.html.
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.
Receive News & Ratings for Goldcorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldcorp and related companies with MarketBeat.com's FREE daily email newsletter.