Goldcorp Inc. (NYSE:GG) has earned a consensus recommendation of “Hold” from the twenty-one analysts that are presently covering the company. Two investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $20.23.
GG has been the subject of a number of research reports. Jefferies Group reissued a “hold” rating on shares of Goldcorp in a research report on Wednesday, June 8th. Deutsche Bank AG reissued a “sell” rating on shares of Goldcorp in a research report on Wednesday, July 20th. Zacks Investment Research raised shares of Goldcorp from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Tuesday, June 28th. National Bank Financial initiated coverage on shares of Goldcorp in a research report on Thursday, September 8th. They set an “outperform” rating for the company. Finally, TD Securities reissued a “hold” rating and set a $23.00 target price on shares of Goldcorp in a research report on Monday, July 25th.
Goldcorp (NYSE:GG) opened at 16.65 on Tuesday. Goldcorp has a 52 week low of $9.46 and a 52 week high of $20.38. The company has a 50-day moving average of $16.76 and a 200-day moving average of $17.56. The company’s market capitalization is $14.20 billion.
Goldcorp (NYSE:GG) last released its earnings results on Wednesday, July 27th. The company reported ($0.09) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.12. Goldcorp had a negative net margin of 115.33% and a negative return on equity of 0.71%. The company had revenue of $921 million for the quarter, compared to the consensus estimate of $882.55 million. During the same period in the prior year, the company earned $0.08 earnings per share. The firm’s revenue was down 30.1% on a year-over-year basis. On average, equities research analysts anticipate that Goldcorp will post $0.37 EPS for the current year.
Several institutional investors have recently modified their holdings of GG. Smith Moore & CO. bought a new position in shares of Goldcorp during the first quarter worth approximately $609,000. Ruffer LLP raised its position in shares of Goldcorp by 15.0% in the first quarter. Ruffer LLP now owns 4,676,640 shares of the company’s stock worth $75,878,000 after buying an additional 608,764 shares during the last quarter. NN Investment Partners Holdings N.V. bought a new position in shares of Goldcorp during the first quarter worth approximately $739,000. Massmutual Trust Co. FSB ADV raised its position in shares of Goldcorp by 3.5% in the first quarter. Massmutual Trust Co. FSB ADV now owns 65,399 shares of the company’s stock worth $1,061,000 after buying an additional 2,196 shares during the last quarter. Finally, Tobam raised its position in shares of Goldcorp by 7.3% in the first quarter. Tobam now owns 1,694,600 shares of the company’s stock worth $27,605,000 after buying an additional 115,000 shares during the last quarter. 60.40% of the stock is currently owned by hedge funds and other institutional investors.
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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