Goldcorp Inc. (G) Raised to Outperform at Royal Bank Of Canada
Royal Bank Of Canada upgraded shares of Goldcorp Inc. (TSE:G) (NYSE:GG) from a sector perform rating to an outperform rating in a research note issued to investors on Wednesday morning. The brokerage currently has C$18.00 target price on the stock, up from their prior target price of C$15.00.
A number of other research analysts also recently weighed in on the stock. Scotiabank reduced their target price on shares of Goldcorp to C$22.00 and set an outperform rating for the company in a research report on Tuesday. Canaccord Genuity raised their price objective on shares of Goldcorp from C$21.00 to C$21.50 in a report on Thursday, October 26th. National Bank Financial raised shares of Goldcorp from a sector perform rating to an outperform rating and set a C$24.00 price objective for the company in a report on Thursday, October 26th. Finally, TD Securities cut their price objective on shares of Goldcorp to C$25.00 and set a buy rating for the company in a report on Friday, August 4th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Goldcorp currently has a consensus rating of Buy and a consensus target price of C$22.10.
Goldcorp (G) opened at C$16.71 on Wednesday.
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In related news, insider Russell David Ball sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of C$16.82, for a total value of C$33,640.00. Over the last ninety days, insiders sold 6,720 shares of company stock valued at $113,486.
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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