Goldcorp Inc. (NYSE:GG) (TSE:G) has been given a consensus rating of “Hold” by the twenty research firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $12.93.
GG has been the topic of several recent analyst reports. Raymond James reaffirmed an “outperform” rating and issued a C$44.00 price target on shares of Teck Resources in a research note on Wednesday, April 24th. Deutsche Bank decreased their price target on Vornado Realty Trust from $80.00 to $73.00 and set a “hold” rating on the stock in a research note on Wednesday, April 10th.
GG stock traded up $11.19 during trading on Friday, hitting $11.19. The company had a trading volume of 34,505,162 shares, compared to its average volume of 20,772,451. The firm’s fifty day moving average is $11.19. The company has a current ratio of 0.87, a quick ratio of 0.47 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $9.72 billion, a P/E ratio of 159.86 and a beta of 0.25. Goldcorp has a fifty-two week low of $8.42 and a fifty-two week high of $14.66.
A number of institutional investors have recently bought and sold shares of GG. Private Advisor Group LLC increased its stake in shares of Goldcorp by 19.8% in the fourth quarter. Private Advisor Group LLC now owns 15,903 shares of the basic materials company’s stock worth $156,000 after acquiring an additional 2,624 shares during the period. Stephens Inc. AR grew its position in Goldcorp by 12.9% during the fourth quarter. Stephens Inc. AR now owns 15,556 shares of the basic materials company’s stock valued at $152,000 after buying an additional 1,779 shares during the period. Bank of New York Mellon Corp grew its position in Goldcorp by 90.3% during the fourth quarter. Bank of New York Mellon Corp now owns 6,305,554 shares of the basic materials company’s stock valued at $61,794,000 after buying an additional 2,992,823 shares during the period. Commonwealth Equity Services LLC grew its position in Goldcorp by 23.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 60,286 shares of the basic materials company’s stock valued at $590,000 after buying an additional 11,457 shares during the period. Finally, GSA Capital Partners LLP acquired a new stake in Goldcorp during the fourth quarter valued at $133,000. 55.52% of the stock is currently owned by institutional investors.
Goldcorp Inc acquires, explores for, develops, and operates precious metal properties in Canada, the United States, Mexico, and Central and South America. The company primarily explores for gold, zinc, silver, lead, and copper deposits. Its 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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