Goldcorp’s (G) “Buy” Rating Reiterated at Eight Capital

Goldcorp (TSE:G) (NYSE:GG)‘s stock had its “buy” rating reiterated by investment analysts at Eight Capital in a research report issued to clients and investors on Thursday, November 16th.

Several other analysts have also commented on the stock. Scotiabank reduced their price target on shares of Goldcorp to C$22.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 31st. J P Morgan Chase & Co boosted their target price on shares of Goldcorp from C$21.00 to C$23.60 in a research note on Wednesday, November 15th. Royal Bank Of Canada raised shares of Goldcorp from a “sector perform” rating to an “outperform” rating and upped their target price for the company from C$15.00 to C$18.00 in a report on Wednesday, November 1st. National Bank Financial reaffirmed a “sec perform spec market wgt” rating on shares of Goldcorp in a report on Sunday, July 23rd. Finally, Canaccord Genuity upped their target price on shares of Goldcorp from C$21.00 to C$21.50 in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of C$22.35.

Shares of Goldcorp (TSE G) traded down C$0.35 on Thursday, reaching C$15.61. The company’s stock had a trading volume of 2,205,803 shares, compared to its average volume of 2,534,919. Goldcorp has a 12 month low of C$15.52 and a 12 month high of C$23.35.

In related news, Director De La Vega Blanca Treviño purchased 7,150 shares of the company’s stock in a transaction on Friday, November 17th. The shares were bought at an average cost of C$13.45 per share, for a total transaction of C$96,167.50. Also, insider Russell David Ball sold 3,000 shares of Goldcorp stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of C$16.91, for a total transaction of C$50,730.00. Insiders sold a total of 6,659 shares of company stock valued at $108,828 over the last ninety days.

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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.

Analyst Recommendations for Goldcorp (TSE:G)

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