Goldcorp Inc. (G) Receives C$21.26 Average Target Price from Brokerages

Goldcorp Inc. (TSE:G) (NYSE:GG) has received a consensus rating of “Buy” from the eleven brokerages that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$21.26.

Several equities analysts recently commented on G shares. National Bank Financial raised Goldcorp from a “sector perform” rating to an “outperform” rating and set a C$24.00 price target on the stock in a research report on Thursday, October 26th. Canaccord Genuity boosted their price target on Goldcorp from C$21.00 to C$21.50 in a research report on Thursday, October 26th. Scotiabank reduced 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. 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. Finally, 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.

Goldcorp (TSE G) traded down C$0.23 during midday trading on Friday, hitting C$17.96. The stock had a trading volume of 440,724 shares, compared to its average volume of 2,704,291. The firm has a market cap of $15,770.00, a price-to-earnings ratio of 24.58 and a beta of -0.53. Goldcorp has a fifty-two week low of C$15.00 and a fifty-two week high of C$23.35.

In other Goldcorp news, insider Russell David Ball sold 3,000 shares of the business’s stock in a transaction 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. Also, Director De La Vega Blanca Treviño purchased 7,150 shares of Goldcorp 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 90 days, insiders have sold 6,589 shares of company stock valued at $106,887.

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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.

Analyst Recommendations for Goldcorp (TSE:G)

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