Brokerages Set Goldcorp Inc. (G) Target Price at $24.00
Goldcorp Inc. (TSE:G) (NYSE:GG) has earned a consensus rating of “Buy” from the seven ratings firms that are presently covering the firm. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$24.00.
A number of analysts have issued reports on G shares. National Bank Financial reaffirmed an “outperform” rating and issued a C$25.50 price objective on shares of Goldcorp in a research note on Thursday, September 8th. Desjardins dropped their target price on Goldcorp from C$28.00 to C$26.00 and set a “buy” rating for the company in a report on Thursday, October 20th. Canaccord Genuity upgraded Goldcorp from a “hold” rating to a “buy” rating and dropped their target price for the stock from C$27.00 to C$25.00 in a report on Monday, October 24th. Royal Bank Of Canada reiterated an “underperform” rating on shares of Goldcorp in a report on Tuesday, October 25th. Finally, TD Securities dropped their target price on Goldcorp from C$23.00 to C$21.00 and set a “hold” rating for the company in a report on Wednesday, August 3rd.
Shares of Goldcorp (TSE:G) opened at 17.41 on Monday. The stock has a 50 day moving average of $19.34 and a 200 day moving average of $22.03. The company’s market cap is $14.87 billion. Goldcorp has a 1-year low of $13.55 and a 1-year high of $26.56.
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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.
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