Goldcorp Inc. (G) Given Average Rating of “Hold” by Analysts
Shares of Goldcorp Inc. (TSE:G) have been given a consensus recommendation of “Hold” by the seven analysts that are covering the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$24.33.
G has been the subject of a number of research analyst reports. National Bank Financial reiterated an “outperform” rating and set a C$25.50 price objective on shares of Goldcorp in a research report on Thursday, September 8th. Canaccord Genuity upped their price target on shares of Goldcorp from C$26.50 to C$30.00 in a research report on Tuesday, July 12th. Royal Bank Of Canada restated an “underperform” rating and issued a C$22.00 price target on shares of Goldcorp in a research report on Thursday, June 23rd. Desjardins cut shares of Goldcorp from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. Finally, TD Securities restated a “hold” rating and issued a C$23.00 price target on shares of Goldcorp in a research report on Friday, July 22nd.
Shares of Goldcorp (TSE:G) traded up 2.23% during trading on Monday, hitting $19.23. 1,274,754 shares of the stock were exchanged. The stock’s market cap is $16.40 billion. Goldcorp has a 52 week low of $13.55 and a 52 week high of $26.56. The firm’s 50 day moving average price is $20.62 and its 200-day moving average price is $22.62.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Friday, September 23rd were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date was Tuesday, September 13th.
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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