CIBC downgraded shares of Goldcorp (TSE:G) (NYSE:GG) from a buy rating to a sell rating in a research report report published on Thursday.

A number of other equities research analysts also recently issued reports on G. Scotiabank cut their price objective on shares of Goldcorp to C$22.00 and set an outperform rating for the company in a research report on Tuesday, October 31st. J P Morgan Chase & Co boosted their price objective on shares of Goldcorp from C$21.00 to C$23.60 in a research report on Wednesday, November 15th. Royal Bank Of Canada raised shares of Goldcorp from a sector perform rating to an outperform rating and boosted their price objective for the company from C$15.00 to C$18.00 in a research report on Wednesday, November 1st. Eight Capital reissued a buy rating on shares of Goldcorp in a research report on Thursday, November 16th. Finally, Canaccord Genuity boosted their price objective on shares of Goldcorp from C$21.00 to C$21.50 in a research report on Thursday, October 26th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of C$22.35.

Shares of Goldcorp (TSE:G) opened at C$16.14 on Thursday. Goldcorp has a 1 year low of C$15.56 and a 1 year high of C$23.35.

In other Goldcorp news, Director De La Vega Blanca TreviƱo acquired 7,150 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were purchased at an average cost of C$13.45 per share, for a total transaction of C$96,167.50. Also, insider Russell David Ball sold 3,000 shares of the stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of C$16.91, for a total transaction of C$50,730.00. Insiders have sold a total of 7,659 shares of company stock worth $126,078 over the last quarter.

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About Goldcorp

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.

Analyst Recommendations for Goldcorp (TSE:G)

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