Goldcorp Inc. (NYSE:GG) (TSE:G) received a $15.00 target price from investment analysts at Royal Bank Of Canada in a report released on Monday. The brokerage presently has a “hold” rating on the basic materials company’s stock. Royal Bank Of Canada’s price objective points to a potential upside of 15.12% from the stock’s current price.

GG has been the topic of a number of other reports. Morgan Stanley reiterated an “overweight” rating on shares of Goldcorp in a report on Friday, July 21st. TD Securities lowered their price objective on shares of Goldcorp from $21.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, August 4th. Canaccord Genuity upgraded shares of Goldcorp from a “hold” rating to a “buy” rating and set a $16.90 price objective on the stock in a report on Friday, September 29th. Zacks Investment Research downgraded shares of Goldcorp from a “hold” rating to a “sell” rating in a report on Monday, October 9th. Finally, BidaskClub downgraded shares of Goldcorp from a “sell” rating to a “strong sell” rating in a report on Thursday, July 6th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $16.66.

Shares of Goldcorp (NYSE GG) traded down 0.46% on Monday, hitting $13.03. 4,920,391 shares of the stock traded hands. The firm has a market capitalization of $11.27 billion, a PE ratio of 23.91 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’s 50 day moving average is $13.26 and its 200 day moving average is $13.49.

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Several large investors have recently added to or reduced their stakes in the business. Oxbow Advisors LLC increased its holdings in shares of Goldcorp by 5.5% in the third quarter. Oxbow Advisors LLC now owns 98,966 shares of the basic materials company’s stock valued at $1,283,000 after purchasing an additional 5,151 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co increased its holdings in shares of Goldcorp by 3.1% in the third quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 332,602 shares of the basic materials company’s stock valued at $4,317,000 after purchasing an additional 9,970 shares during the last quarter. Edge Wealth Management LLC acquired a new position in shares of Goldcorp in the third quarter valued at $623,000. Shell Asset Management Co. increased its holdings in shares of Goldcorp by 57.8% in the third quarter. Shell Asset Management Co. now owns 1,158,272 shares of the basic materials company’s stock valued at $29,907,000 after purchasing an additional 424,173 shares during the last quarter. Finally, Sentry Investment Management LLC increased its holdings in shares of Goldcorp by 1.7% in the second quarter. Sentry Investment Management LLC now owns 261,113 shares of the basic materials company’s stock valued at $3,371,000 after purchasing an additional 4,289 shares during the last quarter. Hedge funds and other institutional investors own 53.96% of the company’s stock.

Goldcorp Company Profile

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.

Analyst Recommendations for Goldcorp (NYSE:GG)

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