Goldcorp Inc. (NYSE:GG) (TSE:G) has earned a consensus recommendation of “Hold” from the twenty analysts that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $13.33.
A number of brokerages have issued reports on GG. Cormark restated a “hold” rating on shares of Goldcorp in a report on Tuesday, January 29th. Royal Bank of Canada cut Goldcorp from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from $15.00 to $13.00 in a report on Tuesday, February 26th. UBS Group cut Goldcorp from a “buy” rating to a “neutral” rating and set a $11.00 price objective on the stock. in a report on Tuesday, February 12th. ValuEngine upgraded Goldcorp from a “sell” rating to a “hold” rating in a report on Wednesday, November 21st. Finally, Vertical Research cut Goldcorp from a “buy” rating to a “hold” rating in a report on Wednesday, January 9th.
Shares of GG opened at $10.91 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.47 and a debt-to-equity ratio of 0.27. Goldcorp has a 1 year low of $8.42 and a 1 year high of $14.66. The stock has a market cap of $9.60 billion, a price-to-earnings ratio of 155.86 and a beta of 0.23.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Thursday, March 14th will be issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Wednesday, March 13th. Goldcorp’s dividend payout ratio (DPR) is presently 114.29%.
Several large investors have recently added to or reduced their stakes in GG. Estabrook Capital Management lifted its stake in Goldcorp by 37.7% in the 4th quarter. Estabrook Capital Management now owns 4,475 shares of the basic materials company’s stock valued at $44,000 after acquiring an additional 1,225 shares in the last quarter. We Are One Seven LLC bought a new stake in Goldcorp in the 4th quarter valued at approximately $92,000. Pembroke Management LTD bought a new stake in Goldcorp in the 4th quarter valued at approximately $134,000. Advisor Partners LLC bought a new stake in Goldcorp in the 3rd quarter valued at approximately $107,000. Finally, Brown Advisory Inc. bought a new stake in Goldcorp in the 3rd quarter valued at approximately $111,000. Institutional investors and hedge funds own 55.09% of the company’s stock.
Goldcorp Inc acquires, explores for, develops, and operates precious metal properties in Canada, the United States, Mexico, and Central and South America. The company primarily explores for gold, zinc, silver, lead, and copper deposits. Its 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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