Goldcorp Target of Unusually Large Options Trading (GG)
Goldcorp (NYSE:GG) was the target of unusually large options trading activity on Friday. Investors bought 12,080 put options on the stock, Analyst Ratings News reports. This represents an increase of approximately 245% compared to the average daily volume of 3,498 put options.
A number of research firms have recently commented on GG. Analysts at HSBC downgraded shares of Goldcorp from an “overweight” rating to a “neutral” rating in a research note to investors on Tuesday, October 29th. They now have a $30.00 price target on the stock, down previously from $31.10. Separately, analysts at Scotiabank reiterated a “sector outperform” rating on shares of Goldcorp in a research note to investors on Friday, October 25th. They now have a $33.00 price target on the stock. Finally, analysts at RBC Capital cut their price target on shares of Goldcorp from $37.00 to $36.00 in a research note to investors on Friday, October 25th. They now have an “outperform” rating on the stock. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $31.41.
Goldcorp (NYSE:GG) opened at 24.32 on Monday. Goldcorp has a 1-year low of $22.22 and a 1-year high of $45.16. The stock has a 50-day moving average of $25.50 and a 200-day moving average of $27.21. The company’s market cap is $19.748 billion.
Goldcorp (NYSE:GG) last released its earnings data on Thursday, October 24th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.03. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the previous year, the company posted $0.54 earnings per share. The company’s revenue for the quarter was down 6.4% on a year-over-year basis. On average, analysts predict that Goldcorp will post $0.95 earnings per share for the current fiscal year.
Goldcorp Inc (NYSE:GG) 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.
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