Goldcorp Inc. (G) Given Average Rating of “Buy” by Brokerages

Goldcorp Inc. (TSE:G) (NYSE:GG) has earned a consensus recommendation of “Buy” from the eleven brokerages that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is C$21.14.

A number of equities analysts have weighed in on G shares. CIBC lowered Goldcorp from a “buy” rating to a “sell” rating in a research note on Thursday, November 30th. Desjardins restated a “hold” rating on shares of Goldcorp in a research note on Monday, December 11th. CSFB upgraded Goldcorp from a “neutral” rating to an “outperform” rating and lifted their price target for the company from C$15.50 to C$19.00 in a research note on Tuesday, January 16th. BMO Capital Markets set a C$16.00 price target on Goldcorp and gave the company a “market perform” rating in a research note on Wednesday, January 17th. Finally, National Bank Financial lifted their price target on Goldcorp from C$24.00 to C$25.00 and gave the company an “outperform” rating in a research note on Wednesday, January 17th.

Goldcorp (G) traded down C$0.14 during midday trading on Friday, hitting C$17.27. The company’s stock had a trading volume of 621,777 shares, compared to its average volume of 2,635,422. The stock has a market cap of $15,040.00, a price-to-earnings ratio of 17.62 and a beta of -0.28. Goldcorp has a twelve month low of C$15.00 and a twelve month high of C$21.93.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Thursday, March 15th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.46%. Goldcorp’s dividend payout ratio is presently 8.16%.

In related news, Director Charles Rex Sartain sold 4,550 shares of Goldcorp stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of C$16.61, for a total value of C$75,575.50. Also, insider Lisa Wade sold 1,533 shares of Goldcorp stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of C$16.78, for a total value of C$25,723.74. In the last 90 days, insiders sold 54,997 shares of company stock valued at $915,988.

TRADEMARK VIOLATION WARNING: “Goldcorp Inc. (G) Given Average Rating of “Buy” by Brokerages” was originally published by The Lincolnian Online and is owned by of The Lincolnian Online. If you are accessing this article on another domain, it was stolen and republished in violation of US & international copyright law. The correct version of this article can be viewed at

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.

Analyst Recommendations for Goldcorp (TSE:G)

Receive News & Ratings for Goldcorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldcorp and related companies with's FREE daily email newsletter.

Leave a Reply