Goldcorp (TSE:G) (NYSE:GG) was upgraded by equities researchers at CSFB from a “neutral” rating to an “outperform” rating in a research note issued on Tuesday. The firm presently has a C$19.00 price objective on the stock, up from their prior price objective of C$15.50. CSFB’s price target would indicate a potential upside of 3.88% from the company’s current price.
Other equities analysts also recently issued research reports about the company. Royal Bank of Canada raised Goldcorp from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from C$15.00 to C$18.00 in a research report on Wednesday, November 1st. Scotiabank lowered their price target on Goldcorp to C$22.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 31st. JPMorgan Chase & Co. boosted their price target on Goldcorp from C$21.00 to C$23.60 in a research report on Wednesday, November 15th. Desjardins reissued a “hold” rating on shares of Goldcorp in a research report on Monday, December 11th. Finally, CIBC downgraded Goldcorp from a “buy” rating to a “sell” rating in a research report on Thursday, November 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of C$21.26.
Shares of Goldcorp (TSE G) opened at C$18.29 on Tuesday. The stock has a market capitalization of $15,860.00, a PE ratio of 24.39 and a beta of -0.53. Goldcorp has a 12-month low of C$15.00 and a 12-month high of C$23.35.
Goldcorp (TSE:G) (NYSE:GG) last released its earnings results on Wednesday, October 25th. The company reported C$0.11 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.11. Goldcorp had a return on equity of 3.20% and a net margin of 12.82%.
In other Goldcorp news, insider Russell David Ball sold 2,000 shares of the company’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of C$16.82, for a total transaction of C$33,640.00. Also, Director De La Vega Blanca Treviño bought 7,150 shares of the business’s stock in a transaction on Friday, November 17th. The shares were acquired at an average price of C$13.45 per share, with a total value of C$96,167.50. Over the last quarter, insiders sold 6,589 shares of company stock valued at $106,887.
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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.
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