Goldcorp Inc. (G) Receives Consensus Rating of “Buy” from Brokerages
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.
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 Treviño 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.
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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