Goldcorp Inc. (G) Given Average Recommendation of “Buy” by Brokerages
Goldcorp Inc. (TSE:G) (NYSE:GG) has been given a consensus recommendation of “Buy” by the nine ratings firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$22.35.
A number of brokerages have commented on G. Scotiabank reduced their target price on Goldcorp to C$22.00 and set an “outperform” rating for the company in a report on Tuesday, October 31st. J P Morgan Chase & Co increased their target price on Goldcorp from C$21.00 to C$23.60 in a report on Wednesday, November 15th. Royal Bank Of Canada raised Goldcorp from a “sector perform” rating to an “outperform” rating and increased their target price for the company from C$15.00 to C$18.00 in a report on Wednesday, November 1st. Eight Capital reissued a “buy” rating on shares of Goldcorp in a report on Thursday, November 16th. Finally, Canaccord Genuity increased their target price on Goldcorp from C$21.00 to C$21.50 in a report on Thursday, October 26th.
Goldcorp (TSE G) traded down C$0.14 during midday trading on Thursday, reaching C$15.47. The company had a trading volume of 2,122,480 shares, compared to its average volume of 2,533,164. Goldcorp has a 12 month low of C$15.41 and a 12 month high of C$23.35.
In other news, Director De La Vega Blanca Treviño purchased 7,150 shares of the stock in a transaction dated Friday, November 17th. The stock was acquired at an average cost of C$13.45 per share, for a total transaction of C$96,167.50. Also, insider Russell David Ball sold 2,000 shares of the firm’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of C$16.82, for a total value of C$33,640.00. Insiders sold 6,659 shares of company stock valued at $108,828 over the last quarter.
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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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