Goldcorp Inc. (GG) Given a $13.00 Price Target at Jefferies Group LLC

Jefferies Group LLC set a $13.00 target price on Goldcorp Inc. (NYSE:GG) (TSE:G) in a research note released on Thursday, October 19th. The brokerage currently has a hold rating on the basic materials company’s stock.

Other equities research analysts have also issued reports about the company. BidaskClub upgraded Goldcorp from a sell rating to a hold rating in a research report on Tuesday, July 18th. Royal Bank Of Canada set a $16.00 price objective on Goldcorp and gave the stock a hold rating in a research report on Tuesday, July 18th. Macquarie upgraded Goldcorp from a neutral rating to an outperform rating in a research report on Wednesday, July 12th. Scotiabank set a $18.00 target price on Goldcorp and gave the company an outperform rating in a research note on Thursday, July 27th. Finally, Zacks Investment Research cut Goldcorp from a hold rating to a sell rating in a research note on Friday, July 14th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. Goldcorp has an average rating of Hold and an average target price of $16.66.

Shares of Goldcorp (NYSE:GG) opened at 13.10 on Thursday. The firm has a 50-day moving average of $13.22 and a 200 day moving average of $13.47. The company has a market cap of $11.33 billion, a price-to-earnings ratio of 24.04 and a beta of -0.07. Goldcorp has a one year low of $11.91 and a one year high of $17.87.

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A number of large investors have recently added to or reduced their stakes in GG. State Board of Administration of Florida Retirement System grew its holdings in Goldcorp by 21.4% during the first quarter. State Board of Administration of Florida Retirement System now owns 19,881 shares of the basic materials company’s stock valued at $290,000 after purchasing an additional 3,500 shares during the period. Parametric Portfolio Associates LLC grew its holdings in Goldcorp by 48.3% during the first quarter. Parametric Portfolio Associates LLC now owns 130,857 shares of the basic materials company’s stock valued at $1,909,000 after purchasing an additional 42,613 shares during the period. Vanguard Group Inc. grew its holdings in Goldcorp by 4.4% during the first quarter. Vanguard Group Inc. now owns 19,361,683 shares of the basic materials company’s stock valued at $282,487,000 after purchasing an additional 814,810 shares during the period. Dimensional Fund Advisors LP grew its holdings in Goldcorp by 13.1% during the first quarter. Dimensional Fund Advisors LP now owns 3,428,082 shares of the basic materials company’s stock valued at $50,016,000 after purchasing an additional 397,198 shares during the period. Finally, Morgan Stanley grew its holdings in Goldcorp by 15.9% during the first quarter. Morgan Stanley now owns 2,510,839 shares of the basic materials company’s stock valued at $36,632,000 after purchasing an additional 344,998 shares during the period. 53.94% of the stock is owned by institutional investors and hedge funds.

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 (NYSE:GG)

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