Shares of Goldcorp Inc. (TSE:G) (NYSE:GG) have received a consensus recommendation of “Buy” from the nine research firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$22.35.

Several equities analysts have commented on the company. Canaccord Genuity upgraded Goldcorp from a “hold” rating to a “buy” rating and increased their target price for the company from C$19.50 to C$21.00 in a research report on Friday, September 29th. Desjardins restated a “hold” rating on shares of Goldcorp in a research report on Monday, December 11th. Royal Bank of Canada upgraded Goldcorp from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from C$15.00 to C$18.00 in a research report on Wednesday, November 1st. Eight Capital restated a “buy” rating on shares of Goldcorp in a research report on Thursday, November 16th. Finally, Scotiabank lowered their price objective on Goldcorp to C$22.00 and set an “outperform” rating for the company in a research report on Tuesday, October 31st.

Goldcorp (TSE G) traded up C$0.05 during trading hours on Monday, reaching C$16.03. The company had a trading volume of 1,501,391 shares, compared to its average volume of 2,526,457. The firm has a market capitalization of $13,900.00, a price-to-earnings ratio of 21.09 and a beta of -0.53. Goldcorp has a fifty-two week low of C$15.00 and a fifty-two week high of C$23.35.

The company also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Friday, December 22nd were paid a $0.02 dividend. The ex-dividend date of this dividend was Wednesday, December 13th. This represents a $0.08 annualized dividend and a dividend yield of 0.50%. Goldcorp’s payout ratio is presently 10.53%.

In related news, insider Russell David Ball sold 3,000 shares of the business’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of C$16.91, for a total transaction of C$50,730.00. Also, Director De La Vega Blanca TreviƱo bought 7,150 shares of Goldcorp stock in a transaction that occurred on Friday, November 17th. The shares were acquired at an average price of C$13.45 per share, with a total value of C$96,167.50. Over the last 90 days, insiders sold 6,589 shares of company stock worth $106,887.

COPYRIGHT VIOLATION WARNING: “Goldcorp Inc. (G) Receives Consensus Rating of “Buy” from Brokerages” was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece of content on another site, it was stolen and reposted in violation of United States & international trademark and copyright laws. The original version of this piece of content can be read at https://www.thecerbatgem.com/2018/01/01/goldcorp-inc-g-receives-consensus-rating-of-buy-from-brokerages.html.

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.

Analyst Recommendations for Goldcorp (TSE:G)

Receive News & Stock Ratings for Goldcorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldcorp and related stocks with our FREE daily email newsletter.