Goldcorp (G) Upgraded to “Outperform” by CSFB
Goldcorp (TSE:G) (NYSE:GG) was upgraded by analysts at CSFB from a “neutral” rating to an “outperform” rating in a report issued on Tuesday. The brokerage presently has a C$19.00 price target on the stock, up from their previous price target of C$15.50. CSFB’s target price points to a potential downside of 0.52% from the company’s previous close.
G has been the topic of a number of other reports. Royal Bank of Canada raised shares of Goldcorp from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from C$15.00 to C$18.00 in a research note on Wednesday, November 1st. Eight Capital reaffirmed a “buy” rating on shares of Goldcorp in a research note on Thursday, November 16th. Scotiabank reduced their target price on shares of Goldcorp to C$22.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 31st. CIBC downgraded shares of Goldcorp from a “buy” rating to a “sell” rating in a research note on Thursday, November 30th. Finally, Canaccord Genuity lifted their target price on shares of Goldcorp from C$21.00 to C$21.50 in a research note on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of C$21.87.
Goldcorp (TSE G) traded up C$1.21 on Tuesday, reaching C$19.10. 3,522,737 shares of the company were exchanged, compared to its average volume of 2,352,672. Goldcorp has a 52-week low of C$15.00 and a 52-week high of C$23.35. The firm has a market capitalization of $16,560.00, a price-to-earnings ratio of 25.47 and a beta of -0.53.
In other Goldcorp news, Director De La Vega Blanca Treviño bought 7,150 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The shares were purchased at an average cost of C$13.45 per share, with a total value of C$96,167.50. Also, insider Russell David Ball sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of C$16.82, for a total transaction of C$33,640.00. Insiders sold a total of 6,589 shares of company stock worth $106,887 over the last three months.
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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.
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