Goldcorp Price Target Cut to $30.00 (GG)
Research analysts at Barclays dropped their price objective on shares of Goldcorp (NYSE:GG) from $32.00 to $30.00 in a report released on Friday, AR Network reports. Barclays’ price target would indicate a potential upside of 34.47% from the stock’s previous close.
Goldcorp (NYSE:GG) traded up 3.63% on Friday, hitting $23.12. The stock had a trading volume of 8,185,336 shares. Goldcorp has a one year low of $20.54 and a one year high of $38.61. The stock has a 50-day moving average of $21.67 and a 200-day moving average of $25.29. The company’s market cap is $18.773 billion.
The company also recently declared a monthly dividend, which is scheduled for Friday, January 24th. Shareholders of record on Thursday, January 16th will be given a dividend of 0.05 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend is Tuesday, January 14th.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital raised their price target on shares of Goldcorp from $30.00 to $31.00 in a research note to investors on Tuesday. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. Goldcorp presently has a consensus rating of “Hold” and an average target price of $29.25.
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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