Goldcorp (NYSE:GG) (TSE:G) was upgraded by research analysts at TD Securities from a “buy” rating to an “action list buy” rating in a research report issued on Wednesday. The firm currently has a $22.00 price target on the basic materials company’s stock, up from their previous price target of $20.00. TD Securities’ target price would suggest a potential upside of 53.63% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the company. Credit Suisse Group raised Goldcorp from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $15.50 to $19.00 in a report on Monday. Zacks Investment Research cut Goldcorp from a “hold” rating to a “sell” rating in a report on Monday, October 9th. JPMorgan Chase & Co. upped their target price on Goldcorp from $16.00 to $18.00 and gave the stock an “overweight” rating in a report on Wednesday, November 15th. Royal Bank of Canada raised Goldcorp from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $15.00 to $18.00 in a report on Wednesday, November 1st. Finally, National Bank Financial raised Goldcorp from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 26th. Ten equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Goldcorp currently has a consensus rating of “Buy” and a consensus target price of $17.39.

Shares of Goldcorp (GG) traded down $0.07 on Wednesday, reaching $14.32. The company’s stock had a trading volume of 6,960,000 shares, compared to its average volume of 8,790,000. Goldcorp has a fifty-two week low of $11.64 and a fifty-two week high of $17.87. The company has a current ratio of 1.00, a quick ratio of 0.69 and a debt-to-equity ratio of 0.17. The firm has a market cap of $12,430.00, a PE ratio of 23.87, a PEG ratio of 2.70 and a beta of -0.10.

Goldcorp (NYSE:GG) (TSE:G) last issued its earnings results on Wednesday, October 25th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.09. Goldcorp had a return on equity of 3.27% and a net margin of 14.91%. equities analysts forecast that Goldcorp will post 0.44 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of the company. DORCHESTER WEALTH MANAGEMENT Co increased its stake in shares of Goldcorp by 3.0% in the fourth quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 342,707 shares of the basic materials company’s stock valued at $4,379,000 after buying an additional 10,105 shares during the period. Fox Run Management L.L.C. acquired a new stake in shares of Goldcorp in the fourth quarter valued at about $1,384,000. Sicart Associates LLC increased its stake in shares of Goldcorp by 9.9% in the fourth quarter. Sicart Associates LLC now owns 111,000 shares of the basic materials company’s stock valued at $1,417,000 after buying an additional 10,000 shares during the period. Bank of Montreal Can increased its stake in shares of Goldcorp by 1.1% in the fourth quarter. Bank of Montreal Can now owns 13,497,180 shares of the basic materials company’s stock valued at $172,358,000 after buying an additional 142,752 shares during the period. Finally, Clean Yield Group acquired a new stake in shares of Goldcorp in the fourth quarter valued at about $651,000. 53.42% of the stock is owned by institutional investors.

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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 (NYSE:GG)

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