Raymond James Upgrades Goldcorp to Outperform (GG)
Shares of Goldcorp (NYSE:GG) traded up 1.72% on Friday, hitting $27.8725. The stock had a trading volume of 848,238 shares. Goldcorp has a one year low of $20.54 and a one year high of $32.15. The stock’s 50-day moving average is $27.36 and its 200-day moving average is $25.67. The company’s market cap is $22.660 billion.
Goldcorp (NYSE:GG) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.14 by $0.06. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $991.93 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. The company’s quarterly revenue was up 3.8% on a year-over-year basis. Analysts expect that Goldcorp will post $0.80 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse raised their price target on shares of Goldcorp from $31.00 to $32.00 in a research note on Thursday, July 17th. Separately, analysts at Canaccord Genuity cut their price target on shares of Goldcorp from C$40.00 to C$38.00 in a research note on Thursday, July 10th. They now have a “buy” rating on the stock. Finally, analysts at JPMorgan Chase & Co. set a $31.00 price target on shares of Goldcorp in a research note on Wednesday, July 9th. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $30.17.
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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