Goldcorp Inc. (TSE:G) Director Buys C$96,167.50 in Stock

Goldcorp Inc. (TSE:G) (NYSE:GG) Director De La Vega Blanca Treviño acquired 7,150 shares of the firm’s stock in a transaction on Friday, November 17th. The shares were bought at an average price of C$13.45 per share, for a total transaction of C$96,167.50.

Shares of Goldcorp Inc. (TSE:G) traded down C$0.18 during midday trading on Monday, hitting C$15.96. The stock had a trading volume of 1,541,600 shares, compared to its average volume of 2,536,331. Goldcorp Inc. has a 12-month low of C$15.56 and a 12-month high of C$23.35.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 22nd will be issued a $0.02 dividend. The ex-dividend date is Wednesday, December 13th. This represents a $0.08 annualized dividend and a dividend yield of 0.50%. Goldcorp’s payout ratio is 10.26%.

A number of brokerages have issued reports on G. Royal Bank Of Canada upgraded Goldcorp from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from C$15.00 to C$18.00 in a research report on Wednesday, November 1st. Eight Capital reiterated a “buy” rating on shares of Goldcorp in a report on Thursday, November 16th. Scotiabank reduced their price target on Goldcorp to C$22.00 and set an “outperform” rating on the stock in a report on Tuesday, October 31st. CIBC downgraded Goldcorp from a “buy” rating to a “sell” rating in a report on Thursday. Finally, Canaccord Genuity increased their price target on Goldcorp from C$21.00 to C$21.50 in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of C$22.35.

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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.

Insider Buying and Selling by Quarter for Goldcorp (TSE:G)

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