Goldcorp Inc. (GG) Receives $17.78 Average PT from Brokerages

Shares of Goldcorp Inc. (NYSE:GG) (TSE:G) have earned an average rating of “Buy” from the twenty-one analysts that are covering the company, Marketbeat.com reports. Nine research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $17.78.

GG has been the subject of several recent research reports. Jefferies Group set a $13.00 price target on Goldcorp and gave the stock a “hold” rating in a report on Thursday, October 19th. 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. National Bank Financial raised Goldcorp from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 26th. Scotiabank decreased their price target on Goldcorp from $18.00 to $17.00 and set an “outperform” rating for the company in a report on Monday, October 30th. Finally, JPMorgan Chase & Co. increased their price target on Goldcorp from $16.00 to $18.00 and gave the stock an “overweight” rating in a report on Wednesday, November 15th.

Shares of Goldcorp (NYSE GG) traded down $0.16 during midday trading on Friday, hitting $12.60. The company had a trading volume of 8,851,466 shares, compared to its average volume of 8,848,492. The company has a current ratio of 1.00, a quick ratio of 0.69 and a debt-to-equity ratio of 0.17. Goldcorp has a 52-week low of $11.64 and a 52-week high of $17.87. The firm has a market capitalization of $11,000.00, a P/E ratio of 21.15, a PEG ratio of 2.86 and a beta of 0.05.

A number of large investors have recently added to or reduced their stakes in the business. Sentry Investment Management LLC raised its position in Goldcorp by 3.8% in the fourth quarter. Sentry Investment Management LLC now owns 271,015 shares of the basic materials company’s stock worth $3,461,000 after acquiring an additional 9,902 shares in the last quarter. AGF Investments Inc. raised its position in Goldcorp by 20.5% in the fourth quarter. AGF Investments Inc. now owns 3,080,807 shares of the basic materials company’s stock worth $39,332,000 after acquiring an additional 523,108 shares in the last quarter. Candriam Luxembourg S.C.A. raised its position in Goldcorp by 17.3% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 445,370 shares of the basic materials company’s stock worth $5,697,000 after acquiring an additional 65,773 shares in the last quarter. Capital Innovations LLC raised its position in Goldcorp by 54.0% in the fourth quarter. Capital Innovations LLC now owns 16,465 shares of the basic materials company’s stock worth $210,000 after acquiring an additional 5,775 shares in the last quarter. Finally, Swiss National Bank raised its position in Goldcorp by 1.5% in the fourth quarter. Swiss National Bank now owns 7,913,300 shares of the basic materials company’s stock worth $100,995,000 after acquiring an additional 115,600 shares in the last quarter. Hedge funds and other institutional investors own 53.44% of the company’s stock.

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About Goldcorp

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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