Shares of Goldcorp Inc. (NYSE:GG) (TSE:G) have earned an average recommendation of “Hold” from the eighteen analysts that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $15.34.

GG has been the topic of a number of recent analyst reports. Royal Bank of Canada restated a “buy” rating and issued a $16.00 price target on shares of Goldcorp in a research report on Wednesday, September 19th. Scotiabank reissued a “buy” rating and issued a $17.00 target price on shares of Goldcorp in a report on Friday, July 27th. Citigroup decreased their target price on shares of Goldcorp from $16.00 to $14.00 and set a “buy” rating on the stock in a report on Wednesday, August 29th. Canaccord Genuity reissued a “buy” rating on shares of Goldcorp in a report on Thursday, October 25th. Finally, TheStreet lowered shares of Goldcorp from a “b-” rating to a “c+” rating in a report on Wednesday, August 1st.

A number of institutional investors have recently added to or reduced their stakes in the business. Advisor Partners LLC bought a new stake in shares of Goldcorp during the 3rd quarter valued at approximately $107,000. First Manhattan Co. purchased a new position in shares of Goldcorp in the third quarter worth $133,000. Private Advisor Group LLC purchased a new position in shares of Goldcorp in the third quarter worth $135,000. Boston Partners purchased a new position in shares of Goldcorp in the second quarter worth $174,000. Finally, Centaurus Financial Inc. purchased a new position in shares of Goldcorp in the second quarter worth $190,000. Hedge funds and other institutional investors own 53.93% of the company’s stock.

Goldcorp stock traded down $0.19 during mid-day trading on Monday, reaching $9.19. 7,815,204 shares of the company were exchanged, compared to its average volume of 14,464,224. Goldcorp has a 12 month low of $8.42 and a 12 month high of $15.55. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.83 and a quick ratio of 0.48. The firm has a market cap of $8.11 billion, a PE ratio of 22.98, a price-to-earnings-growth ratio of 12.65 and a beta of 0.09.

Goldcorp (NYSE:GG) (TSE:G) last posted its quarterly earnings data on Wednesday, October 24th. The basic materials company reported ($0.08) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.06). Goldcorp had a return on equity of 0.97% and a net margin of 2.47%. The company had revenue of $621.00 million for the quarter, compared to the consensus estimate of $714.46 million. Sell-side analysts expect that Goldcorp will post 0.07 earnings per share for the current fiscal year.

About Goldcorp

Goldcorp Inc acquires, explores for, develops, and operates precious metal properties in Canada, the United States, Mexico, and Central and South America. It primarily explores for gold, silver, lead, zinc, and copper deposits. The company's principal producing mining properties include the Éléonore, Musselwhite, Porcupine, and Red Lake mines in Canada; the Peñasquito mine in Mexico; the Cerro Negro mine in Argentina; and the Pueblo Viejo mine in the Dominican Republic.

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Analyst Recommendations for Goldcorp (NYSE:GG)

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