Somewhat Positive News Coverage Somewhat Unlikely to Affect Goldcorp (GG) Share Price
News stories about Goldcorp (NYSE:GG) (TSE:G) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Goldcorp earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news headlines about the basic materials company an impact score of 46.9325589966093 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
GG has been the subject of several research reports. BidaskClub downgraded shares of Goldcorp from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 17th. Raymond James Financial, Inc. reiterated a “market perform” rating and set a $17.00 price objective on shares of Goldcorp in a research note on Thursday, June 15th. Jefferies Group LLC reiterated a “hold” rating and set a $13.00 price objective (down from $15.00) on shares of Goldcorp in a research note on Friday, July 14th. Scotiabank set a $18.00 price objective on shares of Goldcorp and gave the stock an “outperform” rating in a research note on Thursday, July 27th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $15.00 price objective (down from $16.00) on shares of Goldcorp in a research note on Sunday, June 25th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company. Goldcorp has a consensus rating of “Hold” and an average price target of $16.64.
Goldcorp (NYSE:GG) opened at 13.83 on Tuesday. The firm has a 50-day moving average of $13.20 and a 200-day moving average of $13.95. The stock has a market cap of $11.96 billion, a PE ratio of 25.38 and a beta of -0.02. Goldcorp has a 12-month low of $11.91 and a 12-month high of $17.87.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Thursday, September 14th will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend is Wednesday, September 13th. Goldcorp’s dividend payout ratio (DPR) is presently 14.55%.
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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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