Somewhat Favorable News Coverage Somewhat Unlikely to Impact Goldcorp (NYSE:GG) Stock Price

News articles about Goldcorp (NYSE:GG) (TSE:G) have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Goldcorp earned a news impact score of 0.09 on Accern’s scale. Accern also gave news stories about the basic materials company an impact score of 47.037136535279 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the news stories that may have effected Accern Sentiment’s scoring:

GG has been the topic of a number of recent research reports. Jefferies Group LLC set a $15.00 price target on shares of Goldcorp and gave the stock a “hold” rating in a report on Friday, May 19th. Royal Bank Of Canada set a $17.00 target price on shares of Goldcorp and gave the company a “hold” rating in a report on Wednesday, May 24th. Barclays PLC restated an “overweight” rating and issued a $18.00 target price (down previously from $19.00) on shares of Goldcorp in a report on Thursday, June 1st. TD Securities restated a “buy” rating on shares of Goldcorp in a report on Thursday, June 15th. Finally, Raymond James Financial, Inc. restated a “market perform” rating and issued a $17.00 target price on shares of Goldcorp in a report on Thursday, June 15th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $16.64.

Shares of Goldcorp (GG) traded down 1.34% during midday trading on Friday, reaching $13.25. 7,070,997 shares of the company’s stock were exchanged. The stock has a market capitalization of $11.46 billion, a P/E ratio of 24.31 and a beta of -0.02. Goldcorp has a 12-month low of $11.91 and a 12-month high of $17.87. The firm has a 50-day moving average of $13.23 and a 200-day moving average of $13.90.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Thursday, September 14th will be paid a $0.02 dividend. The ex-dividend date is Wednesday, September 13th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.60%. Goldcorp’s dividend payout ratio is presently 14.55%.

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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.

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