Goldcorp Inc. (G) Given Average Rating of “Hold” by Analysts
Goldcorp Inc. (TSE:G) has been given an average rating of “Hold” by the seven ratings firms that are presently covering the firm. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$24.33.
Several research analysts recently commented on the stock. Desjardins downgraded shares of Goldcorp from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. National Bank Financial reaffirmed an “outperform” rating and issued a C$25.50 target price on shares of Goldcorp in a research note on Thursday, September 8th. TD Securities decreased their target price on shares of Goldcorp from C$23.00 to C$21.00 and set a “hold” rating on the stock in a research note on Wednesday, August 3rd. Royal Bank Of Canada reaffirmed an “underperform” rating and issued a C$22.00 target price on shares of Goldcorp in a research note on Thursday, June 23rd. Finally, Canaccord Genuity lifted their target price on shares of Goldcorp from C$26.50 to C$30.00 in a research note on Tuesday, July 12th.
Goldcorp (TSE:G) traded up 2.23% on Monday, hitting $19.23. 1,274,754 shares of the company’s stock were exchanged. Goldcorp has a 52-week low of $13.55 and a 52-week high of $26.56. The stock’s market cap is $16.40 billion. The firm has a 50 day moving average price of $20.62 and a 200-day moving average price of $22.62.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/17/goldcorp-inc-g-given-average-rating-of-hold-by-analysts.html
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Friday, September 23rd were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date of this dividend was Tuesday, September 13th.
Goldcorp Inc 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. The Company is engaged in the sale of gold, silver, lead, zinc and copper. The Company’s segments include Red Lake Gold Mines Ontario Partnership (Red Lake), Goldcorp Canada Ltd./Goldcorp Inc (Porcupine), Musselwhite, Les Mines Opinaca Ltee (Eleonore), Minera Penasquito SA de C.V.
Receive News & Ratings for Goldcorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldcorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.