Goldcorp Price Target Raised to $31.00 at RBC Capital (GG)
Research analysts at RBC Capital boosted their price target on shares of Goldcorp (NYSE:GG) from $30.00 to $31.00 in a report released on Tuesday, American Banking and Market News reports. RBC Capital’s price objective would suggest a potential upside of 39.39% from the stock’s previous close.
A number of other firms have also recently commented on GG. Analysts at Canaccord Genuity cut their price target on shares of Goldcorp from C$34.50 to C$31.50 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at CSFB raised their price target on shares of Goldcorp from C$22.00 to C$23.00 in a research note to investors on Monday. They now have a “neutral” rating on the stock. Finally, analysts at CIBC reiterated a “sector outperform” rating on shares of Goldcorp in a research note to investors on Friday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $29.39.
The company also recently announced a monthly dividend, which is scheduled for Friday, January 24th. Investors of record on Thursday, January 16th will be paid a dividend of 0.05 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.70%. The ex-dividend date is Tuesday, January 14th.
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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