Jefferies Group LLC Analysts Give Goldcorp Inc. (GG) a $13.00 Price Target
Goldcorp Inc. (NYSE:GG) (TSE:G) received a $13.00 price target from Jefferies Group LLC in a report issued on Thursday. The firm presently has a “hold” rating on the basic materials company’s stock. Jefferies Group LLC’s target price would indicate a potential downside of 0.69% from the company’s current price.
GG has been the subject of a number of other research reports. Royal Bank Of Canada lowered their price objective on Goldcorp from $16.00 to $15.00 and set a “sector perform” rating for the company in a research note on Tuesday, August 15th. Morgan Stanley restated an “overweight” rating on shares of Goldcorp in a research note on Friday, July 21st. TD Securities lowered their price objective on Goldcorp from $21.00 to $20.00 and set a “buy” rating for the company in a research note on Friday, August 4th. Canaccord Genuity upgraded Goldcorp from a “hold” rating to a “buy” rating and set a $16.90 price objective for the company in a research note on Friday, September 29th. Finally, Zacks Investment Research lowered Goldcorp from a “hold” rating to a “sell” rating in a research note on Monday, October 9th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. Goldcorp presently has an average rating of “Hold” and a consensus target price of $16.66.
Shares of Goldcorp (GG) traded down 1.28% during trading on Thursday, reaching $13.09. The company had a trading volume of 4,590,473 shares. The company has a market capitalization of $11.32 billion, a P/E ratio of 24.02 and a beta of -0.07. Goldcorp has a 52-week low of $11.91 and a 52-week high of $17.87. The firm has a 50-day moving average price of $13.28 and a 200-day moving average price of $13.52.
Large investors have recently added to or reduced their stakes in the stock. Nomura Asset Management Co. Ltd. boosted its position in Goldcorp by 55.6% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 8,400 shares of the basic materials company’s stock valued at $123,000 after purchasing an additional 3,000 shares during the period. Highlander Capital Management LLC boosted its position in Goldcorp by 4.7% during the 2nd quarter. Highlander Capital Management LLC now owns 11,125 shares of the basic materials company’s stock valued at $142,000 after purchasing an additional 500 shares during the period. First Allied Advisory Services Inc. acquired a new position in Goldcorp during the 2nd quarter valued at approximately $155,000. Bourgeon Capital Management LLC acquired a new position in Goldcorp during the 2nd quarter valued at approximately $161,000. Finally, First Financial Equity Corporation acquired a new position in Goldcorp during the 1st quarter valued at approximately $162,000. Institutional investors and hedge funds own 53.96% 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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