Goldcorp (NYSE:GG) (TSE:G)’s share price gapped up before the market opened on Friday . The stock had previously closed at $12.96, but opened at $13.27. Goldcorp shares last traded at $13.90, with a volume of 9994114 shares trading hands.
Several equities analysts recently issued reports on the stock. ValuEngine cut shares of Goldcorp from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Jefferies Group set a $16.00 price target on shares of Goldcorp and gave the company a “hold” rating in a research report on Tuesday, January 16th. Raymond James Financial boosted their price target on shares of Goldcorp from $17.00 to $18.00 and gave the company a “market perform” rating in a research report on Wednesday, January 17th. TD Securities upgraded shares of Goldcorp from a “buy” rating to an “action list buy” rating and boosted their price target for the company from $20.00 to $22.00 in a research report on Wednesday, January 17th. Finally, Scotiabank boosted their price target on shares of Goldcorp from $17.00 to $17.50 and gave the company an “outperform” rating in a research report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $17.51.
The firm has a market capitalization of $11,738.46, a price-to-earnings ratio of 18.05, a price-to-earnings-growth ratio of 3.11 and a beta of 0.18. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.91 and a quick ratio of 0.56.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Thursday, March 15th will be issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Wednesday, March 14th. Goldcorp’s dividend payout ratio (DPR) is presently 10.39%.
Hedge funds and other institutional investors have recently modified their holdings of the company. Private Advisor Group LLC bought a new position in shares of Goldcorp in the third quarter worth approximately $137,000. Cerebellum GP LLC bought a new position in shares of Goldcorp in the fourth quarter worth approximately $133,000. Belpointe Asset Management LLC bought a new position in shares of Goldcorp in the fourth quarter worth approximately $141,000. Lombard Odier Asset Management Europe Ltd bought a new position in shares of Goldcorp in the fourth quarter worth approximately $179,000. Finally, Stephens Inc. AR bought a new position in shares of Goldcorp in the third quarter worth approximately $173,000. Hedge funds and other institutional investors own 52.37% of the company’s stock.
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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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