Goldcorp Receives New Coverage from Analysts at Dundee Securities (GG)
Equities researchers at Dundee Securities began coverage on shares of Goldcorp (NYSE:GG) in a research report issued on Tuesday, Analyst Ratings.Net reports. The firm set a “neutral” rating on the stock.
A number of other firms have also recently commented on GG. Analysts at Barclays cut their price target on shares of Goldcorp from $32.00 to $30.00 in a research note to investors on Friday. Separately, 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, January 14th. Finally, 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, January 13th. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company’s stock. Goldcorp currently has an average rating of “Hold” and a consensus target price of $29.25.
Goldcorp (NYSE:GG) traded up 2.29% during mid-day trading on Tuesday, hitting $23.6999. 6,909,570 shares of the company’s stock traded hands. Goldcorp has a 52 week low of $20.54 and a 52 week high of $38.61. The stock has a 50-day moving average of $21.72 and a 200-day moving average of $25.28. The company’s market cap is $19.244 billion.
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 2.59%. 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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