Goldcorp (NYSE:GG) (TSE:G) had its price target hoisted by CIBC from $17.50 to $20.00 in a research note published on Wednesday, January 17th. They currently have an outperform rating on the basic materials company’s stock.
A number of other research firms have also commented on GG. Zacks Investment Research upgraded shares of Goldcorp from a hold rating to a buy rating and set a $15.00 price target on the stock in a research report on Monday, January 8th. HSBC lowered shares of Goldcorp from a buy rating to a hold rating and set a $14.80 target price on the stock. in a research report on Wednesday, November 22nd. Jefferies Group set a $13.00 target price on shares of Goldcorp and gave the stock a hold rating in a research report on Thursday, October 19th. Credit Suisse Group upgraded shares of Goldcorp from a neutral rating to an outperform rating and upped their target price for the stock from $15.50 to $19.00 in a research report on Monday, January 15th. Finally, Desjardins downgraded shares of Goldcorp from a buy rating to a hold rating in a research note on Monday, December 11th. Nine investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $17.48.
Shares of Goldcorp (NYSE GG) traded down $0.28 during trading on Wednesday, hitting $12.34. 15,439,790 shares of the stock traded hands, compared to its average volume of 8,870,000. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.69 and a current ratio of 1.00. Goldcorp has a 1-year low of $11.64 and a 1-year high of $17.87. The firm has a market cap of $10,720.00, a price-to-earnings ratio of 20.57, a P/E/G ratio of 2.60 and a beta of 0.05.
Several hedge funds have recently modified their holdings of the company. First Eagle Investment Management LLC increased its position in shares of Goldcorp by 3.1% during the third quarter. First Eagle Investment Management LLC now owns 35,890,978 shares of the basic materials company’s stock worth $465,147,000 after acquiring an additional 1,076,629 shares in the last quarter. Carmignac Gestion boosted its holdings in Goldcorp by 11.6% during the third quarter. Carmignac Gestion now owns 30,505,522 shares of the basic materials company’s stock worth $395,352,000 after purchasing an additional 3,168,910 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Goldcorp by 4.1% during the second quarter. Vanguard Group Inc. now owns 20,163,542 shares of the basic materials company’s stock worth $260,311,000 after purchasing an additional 801,859 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in Goldcorp by 40.6% during the fourth quarter. CIBC Asset Management Inc now owns 16,700,712 shares of the basic materials company’s stock worth $213,869,000 after purchasing an additional 4,824,114 shares during the last quarter. Finally, Bank of Montreal Can boosted its holdings in Goldcorp by 1.1% during the fourth quarter. Bank of Montreal Can now owns 13,497,180 shares of the basic materials company’s stock worth $172,358,000 after purchasing an additional 142,752 shares during the last quarter. 53.44% of the stock is owned by institutional investors.
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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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