Goldcorp Receives Consensus Recommendation of “Hold” from Brokerages (NYSE:GG)
Goldcorp (NYSE:GG) has been given an average rating of “Hold” by the twenty-one brokerages that are covering the company, StockRatingsNetwork.com reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $29.63.
Goldcorp (NYSE:GG) opened at 26.73 on Wednesday. Goldcorp has a 1-year low of $20.54 and a 1-year high of $30.05. The stock has a 50-day moving average of $27.89 and a 200-day moving average of $26.26. The company’s market cap is $21.731 billion.
Goldcorp (NYSE:GG) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.20 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.14 earnings per share. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. Analysts expect that Goldcorp will post $0.87 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs raised their price target on shares of Goldcorp from C$30.00 to C$32.00 in a research note on Wednesday, August 20th. Separately, analysts at TheStreet upgraded shares of Goldcorp to a “hold” rating in a research note on Tuesday, August 19th. Finally, analysts at Jefferies Group raised their price target on shares of Goldcorp from $19.00 to $21.00 in a research note on Tuesday, August 5th. They now have an “underperform” rating on the stock.
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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