Goldcorp (NYSE:GG) (TSE:G) had its target price decreased by Citigroup from $16.00 to $14.00 in a report issued on Wednesday morning. Citigroup currently has a buy rating on the basic materials company’s stock.

Other analysts also recently issued research reports about the stock. TheStreet raised shares of Goldcorp from a c rating to a b- rating in a research report on Tuesday, May 22nd. Scotiabank reaffirmed a buy rating and set a $17.00 price objective on shares of Goldcorp in a research report on Friday, July 27th. Jefferies Financial Group reaffirmed a hold rating and set a $13.00 price objective on shares of Goldcorp in a research report on Monday, August 6th. ValuEngine raised shares of Goldcorp from a sell rating to a hold rating in a research report on Saturday, June 2nd. Finally, Zacks Investment Research downgraded shares of Goldcorp from a hold rating to a sell rating in a research report on Tuesday, July 3rd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $17.09.

Shares of GG stock opened at $10.84 on Wednesday. The company has a market cap of $9.65 billion, a PE ratio of 27.10, a P/E/G ratio of 3.98 and a beta of -0.13. Goldcorp has a 52 week low of $10.38 and a 52 week high of $15.55. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.01 and a quick ratio of 0.57.

Goldcorp (NYSE:GG) (TSE:G) last announced its quarterly earnings data on Wednesday, July 25th. The basic materials company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.02). The company had revenue of $793.00 million for the quarter, compared to analyst estimates of $871.54 million. Goldcorp had a return on equity of 1.97% and a net margin of 8.61%. During the same period last year, the business earned $0.16 EPS. sell-side analysts expect that Goldcorp will post 0.28 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp grew its position in Goldcorp by 33.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,100,667 shares of the basic materials company’s stock valued at $42,510,000 after purchasing an additional 775,219 shares during the period. Titus Wealth Management bought a new position in Goldcorp during the 2nd quarter valued at $320,000. Bank of Nova Scotia lifted its stake in Goldcorp by 20.6% during the 2nd quarter. Bank of Nova Scotia now owns 2,883,240 shares of the basic materials company’s stock valued at $39,423,000 after acquiring an additional 491,780 shares in the last quarter. Verition Fund Management LLC lifted its stake in Goldcorp by 116.5% during the 2nd quarter. Verition Fund Management LLC now owns 42,133 shares of the basic materials company’s stock valued at $578,000 after acquiring an additional 22,676 shares in the last quarter. Finally, Centaurus Financial Inc. bought a new position in Goldcorp during the 2nd quarter valued at $190,000. 53.92% of the stock is owned by institutional investors and hedge funds.

About Goldcorp

Goldcorp Inc acquires, explores for, develops, and operates precious metal properties in Canada, the United States, Mexico, and Central and South America. It primarily explores for gold, silver, lead, zinc, and copper deposits. The company's principal producing mining properties include the Éléonore, Musselwhite, Porcupine, and Red Lake mines in Canada; the Peñasquito mine in Mexico; the Cerro Negro mine in Argentina; and the Pueblo Viejo mine in the Dominican Republic.

Recommended Story: Discover Your Risk Tolerance

Analyst Recommendations for Goldcorp (NYSE:GG)

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.