Goldcorp (NYSE:GG) (TSE:G) had its target price boosted by analysts at Scotiabank from $17.00 to $17.50 in a research note issued on Wednesday. The firm presently has an “outperform” rating on the basic materials company’s stock. Scotiabank’s price objective would suggest a potential upside of 19.05% from the stock’s previous close.
Other equities analysts have also recently issued reports about the company. Zacks Investment Research upgraded Goldcorp from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Monday, January 8th. Canaccord Genuity upgraded Goldcorp from a “hold” rating to a “buy” rating and set a $16.90 price target on the stock in a report on Friday, September 29th. HC Wainwright restated a “buy” rating on shares of Goldcorp in a report on Monday, September 25th. Royal Bank of Canada set a $15.00 price target on Goldcorp and gave the stock a “hold” rating in a report on Monday, October 23rd. Finally, Jefferies Group set a $13.00 price target on Goldcorp and gave the stock a “hold” rating in a report on Thursday, October 19th. Ten investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $17.39.
Goldcorp (NYSE:GG) traded down $0.69 during trading on Wednesday, hitting $14.70. The company’s stock had a trading volume of 13,717,931 shares, compared to its average volume of 8,500,000. The company has a market cap of $12,740.00, a PE ratio of 24.50, a price-to-earnings-growth ratio of 2.60 and a beta of -0.10. Goldcorp has a 52-week low of $11.64 and a 52-week high of $17.87. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.00 and a quick ratio of 0.69.
Goldcorp (NYSE:GG) (TSE:G) last posted its quarterly earnings results on Wednesday, October 25th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.09. Goldcorp had a return on equity of 3.27% and a net margin of 14.91%. sell-side analysts expect that Goldcorp will post 0.44 earnings per share for the current fiscal year.
Large investors have recently modified their holdings of the company. Private Advisor Group LLC acquired a new position in shares of Goldcorp during the third quarter worth approximately $137,000. Highlander Capital Management LLC raised its position in shares of Goldcorp by 4.7% during the second quarter. Highlander Capital Management LLC now owns 11,125 shares of the basic materials company’s stock worth $142,000 after purchasing an additional 500 shares during the period. First Allied Advisory Services Inc. purchased a new stake in Goldcorp in the 2nd quarter valued at $155,000. Koch Industries Inc. purchased a new stake in Goldcorp in the 2nd quarter valued at $163,000. Finally, Stephens Inc. AR purchased a new stake in Goldcorp in the 3rd quarter valued at $173,000. 53.42% of the stock is currently owned by institutional investors.
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.