Goldcorp (GG) Receiving Somewhat Positive Media Coverage, Analysis Finds
Press coverage about Goldcorp (NYSE:GG) (TSE:G) has been trending somewhat positive recently, AlphaOne Sentiment Analysis reports. The research group, a service of Accern, ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. AlphaOne ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Goldcorp earned a coverage optimism score of 0.20 on AlphaOne’s scale. AlphaOne also gave headlines about the basic materials company an impact score of 52 out of 100, indicating that recent news coverage is somewhat likely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have impacted AlphaOne Sentiment’s rankings:
- 3 Gold Stocks With the Lowest All-In Sustaining Costs (finance.yahoo.com)
- TSX Edges Higher, Led By Industrials — Canadian Commentary (nasdaq.com)
- Form 425 EXETER RESOURCE CORP Filed by: GOLDCORP INC (streetinsider.com)
- Exeter Resource : Goldcorp Commences Offer for Outstanding Shares of Exeter – Deposit Period News Release (4-traders.com)
- Goldcorp Commences Supported Take-Over Bid for Exeter (finance.yahoo.com)
Several analysts have weighed in on the stock. Berenberg Bank set a $17.00 price objective on shares of Goldcorp and gave the stock a “hold” rating in a research note on Thursday, February 16th. TheStreet raised shares of Goldcorp from a “d+” rating to a “c-” rating in a research note on Friday, February 17th. Canaccord Genuity cut shares of Goldcorp from a “buy” rating to a “hold” rating in a research note on Friday, February 3rd. BMO Capital Markets reissued a “hold” rating and set a $16.00 price target on shares of Goldcorp in a research note on Thursday, February 2nd. Finally, Deutsche Bank AG increased their price target on shares of Goldcorp from $15.50 to $16.00 and gave the company a “hold” rating in a research note on Tuesday, March 21st. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Goldcorp has an average rating of “Hold” and an average target price of $18.19.
Goldcorp (NYSE:GG) traded up 0.60% during midday trading on Friday, reaching $15.15. 11,153,084 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $15.13 and its 200 day moving average price is $14.80. The firm has a market cap of $12.94 billion, a price-to-earnings ratio of 79.74 and a beta of 0.12. Goldcorp has a 1-year low of $11.91 and a 1-year high of $20.38.
Goldcorp (NYSE:GG) last released its quarterly earnings data on Wednesday, February 15th. The basic materials company reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.03. Goldcorp had a negative net margin of 114.28% and a positive return on equity of 0.24%. The firm had revenue of $898 million for the quarter, compared to the consensus estimate of $1.07 billion. Equities research analysts anticipate that Goldcorp will post $0.35 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 24th. Shareholders of record on Thursday, March 16th were issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Tuesday, March 14th. This represents a $0.08 annualized dividend and a yield of 0.53%. Goldcorp’s payout ratio is -1.58%.
TRADEMARK VIOLATION WARNING: “Goldcorp (GG) Receiving Somewhat Positive Media Coverage, Analysis Finds” was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this story on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright laws. The legal version of this story can be read at https://www.thecerbatgem.com/2017/04/21/goldcorp-gg-receiving-somewhat-positive-media-coverage-analysis-finds.html.
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 & Stock Ratings for Goldcorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldcorp Inc. and related stocks with our FREE daily email newsletter.