A number of research firms have changed their ratings and price targets for Goldcorp (NYSE: GG):

  • 7/18/2017 – Goldcorp was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/14/2017 – Goldcorp was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Goldcorp has underperformed the Zacks categorized Mining-Gold industry over a year. Goldcorp is exposed to a volatile gold pricing environment. Moreover, the company has a debt-laden balance sheet. The company’s declining production and stretched valuation are other concerns.”
  • 7/14/2017 – Goldcorp had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $13.00 price target on the stock, down previously from $15.00.
  • 7/12/2017 – Goldcorp was upgraded by analysts at Macquarie from a “neutral” rating to an “outperform” rating.
  • 7/12/2017 – Goldcorp was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 7/6/2017 – Goldcorp was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 6/27/2017 – Goldcorp was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 6/25/2017 – Goldcorp had its “hold” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $15.00 price target on the stock, down previously from $16.00.
  • 6/21/2017 – Goldcorp had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $15.00 price target on the stock.
  • 6/17/2017 – Goldcorp was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 6/15/2017 – Goldcorp had its “buy” rating reaffirmed by analysts at TD Securities. They wrote, “We are resuming coverage of Goldcorp after being restricted since March 28.””
  • 6/15/2017 – Goldcorp had its “market perform” rating reaffirmed by analysts at Raymond James Financial, Inc.. They now have a $17.00 price target on the stock.
  • 6/13/2017 – Goldcorp had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $16.00 price target on the stock.
  • 6/1/2017 – Goldcorp had its “overweight” rating reaffirmed by analysts at Barclays PLC. They now have a $18.00 price target on the stock, down previously from $19.00.
  • 5/24/2017 – Goldcorp was given a new $17.00 price target on by analysts at Royal Bank Of Canada. They now have a “hold” rating on the stock.
  • 5/19/2017 – Goldcorp was given a new $15.00 price target on by analysts at Jefferies Group LLC. They now have a “hold” rating on the stock.

Shares of Goldcorp Inc. (NYSE:GG) opened at 13.18 on Tuesday. Goldcorp Inc. has a 52-week low of $11.91 and a 52-week high of $19.42. The stock has a 50 day moving average of $13.63 and a 200 day moving average of $14.62. The firm has a market cap of $11.28 billion, a price-to-earnings ratio of 45.14 and a beta of 0.02.

Goldcorp (NYSE:GG) (TSE:G) last issued its quarterly earnings data on Wednesday, April 26th. The basic materials company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.11. The firm had revenue of $882 million for the quarter, compared to analyst estimates of $929.91 million. Goldcorp had a net margin of 7.31% and a return on equity of 2.72%. During the same quarter last year, the firm earned $0.10 earnings per share. Equities analysts predict that Goldcorp Inc. will post $0.37 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 23rd. Investors of record on Thursday, June 15th were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.61%. The ex-dividend date was Tuesday, June 13th. Goldcorp’s payout ratio is presently 26.67%.

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.

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