Goldcorp Inc. (GG) PT Set at $13.00 by Jefferies Group LLC
Goldcorp Inc. (NYSE:GG) (TSE:G) has been assigned a $13.00 target price by Jefferies Group LLC in a research report issued to clients and investors on Tuesday. The brokerage presently has a “hold” rating on the basic materials company’s stock. Jefferies Group LLC’s price objective suggests a potential upside of 2.12% from the stock’s current price.
A number of other research analysts have also recently weighed in on GG. TD Securities restated a “buy” rating on shares of Goldcorp in a report on Thursday, June 15th. Royal Bank Of Canada set a $17.00 price objective on shares of Goldcorp and gave the company a “hold” rating in a report on Wednesday, May 24th. Deutsche Bank AG restated a “hold” rating and issued a $15.00 price objective (down previously from $16.00) on shares of Goldcorp in a report on Sunday, June 25th. BidaskClub upgraded shares of Goldcorp from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Finally, Raymond James Financial, Inc. restated a “market perform” rating and issued a $17.00 price objective on shares of Goldcorp in a report on Thursday, June 15th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $17.00.
Shares of Goldcorp (GG) opened at 12.72 on Tuesday. Goldcorp has a 12 month low of $11.91 and a 12 month high of $18.81. The stock has a 50 day moving average of $13.02 and a 200 day moving average of $14.37. The stock has a market cap of $11.00 billion, a PE ratio of 23.34 and a beta of 0.02.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Creative Planning boosted its position in Goldcorp by 2.7% in the first quarter. Creative Planning now owns 34,457 shares of the basic materials company’s stock valued at $503,000 after buying an additional 896 shares during the period. Gulf International Bank UK Ltd increased its stake in shares of Goldcorp by 1.4% in the first quarter. Gulf International Bank UK Ltd now owns 276,292 shares of the basic materials company’s stock valued at $4,024,000 after buying an additional 3,850 shares in the last quarter. Capstone Asset Management Co. increased its stake in shares of Goldcorp by 2.4% in the first quarter. Capstone Asset Management Co. now owns 86,379 shares of the basic materials company’s stock valued at $1,260,000 after buying an additional 2,040 shares in the last quarter. Cullinan Associates Inc. bought a new stake in shares of Goldcorp during the first quarter valued at $322,000. Finally, Hexavest Inc. increased its stake in shares of Goldcorp by 63.5% in the first quarter. Hexavest Inc. now owns 1,290,100 shares of the basic materials company’s stock valued at $18,799,000 after buying an additional 500,896 shares in the last quarter. Institutional investors own 55.88% of the company’s stock.
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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