Goldcorp (GG) Getting Very Positive News Coverage, Report Shows

Press coverage about Goldcorp (NYSE:GG) (TSE:G) has been trending very positive this week, according to InfoTrie Sentiment. InfoTrie identifies negative and positive news coverage by monitoring more than 6,000 news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Goldcorp earned a coverage optimism score of 3.25 on their scale. InfoTrie also assigned news headlines about the basic materials company an news buzz score of 10 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock’s share price in the near future.

These are some of the news stories that may have effected Goldcorp’s score:

Shares of NYSE:GG traded down $0.19 during mid-day trading on Friday, reaching $9.19. 7,815,200 shares of the company were exchanged, compared to its average volume of 7,412,370. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.48 and a current ratio of 0.83. The stock has a market capitalization of $8.16 billion, a P/E ratio of 22.98, a PEG ratio of 12.72 and a beta of 0.09. Goldcorp has a 1 year low of $8.42 and a 1 year high of $15.55.

Goldcorp (NYSE:GG) (TSE:G) last posted its quarterly earnings data on Wednesday, October 24th. The basic materials company reported ($0.08) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.06). The company had revenue of $621.00 million for the quarter, compared to analysts’ expectations of $714.46 million. Goldcorp had a return on equity of 0.97% and a net margin of 2.47%. Research analysts forecast that Goldcorp will post 0.07 earnings per share for the current fiscal year.

GG has been the subject of several analyst reports. Royal Bank of Canada reissued a “buy” rating and issued a $16.00 price target on shares of Goldcorp in a research note on Wednesday, September 19th. Scotiabank reissued a “buy” rating and issued a $17.00 price target on shares of Goldcorp in a research note on Friday, July 27th. Citigroup dropped their price target on shares of Goldcorp from $16.00 to $14.00 and set a “buy” rating for the company in a research note on Wednesday, August 29th. Canaccord Genuity reissued a “buy” rating on shares of Goldcorp in a research note on Thursday, October 25th. Finally, TheStreet cut shares of Goldcorp from a “b-” rating to a “c+” rating in a research note on Wednesday, August 1st. Two analysts have rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $15.58.

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Goldcorp Company Profile

Goldcorp Inc acquires, explores for, develops, and operates precious metal properties in Canada, the United States, Mexico, and Central and South America. It primarily explores for gold, silver, lead, zinc, and copper deposits. The company's principal producing mining properties include the Éléonore, Musselwhite, Porcupine, and Red Lake mines in Canada; the Peñasquito mine in Mexico; the Cerro Negro mine in Argentina; and the Pueblo Viejo mine in the Dominican Republic.

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