Goldcorp Inc. (TSE:G) (NYSE:GG) – Stock analysts at Jefferies Group increased their FY2017 earnings estimates for Goldcorp in a research note issued on Tuesday, Zacks Investment Research reports. Jefferies Group analyst C. Lafemina now forecasts that the company will earn $0.52 per share for the year, up from their previous estimate of $0.50.
G has been the subject of several other research reports. Royal Bank of Canada raised Goldcorp from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from C$15.00 to C$18.00 in a report on Wednesday, November 1st. Eight Capital reissued a “buy” rating on shares of Goldcorp in a report on Thursday, November 16th. Scotiabank cut their price objective on Goldcorp to C$22.00 and set an “outperform” rating for the company in a report on Tuesday, October 31st. CIBC lowered Goldcorp from a “buy” rating to a “sell” rating in a research note on Thursday, November 30th. Finally, Canaccord Genuity upped their target price on Goldcorp from C$21.00 to C$21.50 in a research note on Thursday, October 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of C$21.26.
Goldcorp (TSE G) traded up C$0.63 during mid-day trading on Friday, reaching C$16.17. The company’s stock had a trading volume of 5,050,093 shares, compared to its average volume of 2,816,499. Goldcorp has a 1-year low of C$15.00 and a 1-year high of C$23.35. The stock has a market cap of $13,480.00, a price-to-earnings ratio of 21.28 and a beta of -0.39.
In related news, Director De La Vega Blanca Treviño acquired 7,150 shares of the stock in a transaction on Friday, November 17th. The stock was purchased at an average price of C$13.45 per share, for a total transaction of C$96,167.50.
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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.
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