Goldcorp Inc. (G) Receives Average Rating of “Buy” from Analysts

Goldcorp Inc. (TSE:G) (NYSE:GG) has received an average recommendation of “Buy” from the eleven research firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$21.14.

Several research analysts recently issued reports on G shares. National Bank Financial raised Goldcorp from a “sector perform” rating to an “outperform” rating and set a C$24.00 target price on the stock in a research report on Thursday, October 26th. Canaccord Genuity upped their target price on Goldcorp from C$21.00 to C$21.50 in a research report on Thursday, October 26th. Scotiabank reduced their target price 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 upped their target price for the company from C$15.00 to C$18.00 in a research report on Wednesday, November 1st. Finally, JPMorgan Chase & Co. upped their target price on Goldcorp from C$21.00 to C$23.60 in a research report on Wednesday, November 15th.

Shares of Goldcorp (G) traded down C$0.27 during trading hours on Tuesday, reaching C$16.67. The company had a trading volume of 2,380,852 shares, compared to its average volume of 2,895,451. Goldcorp has a 12 month low of C$15.00 and a 12 month high of C$22.70. The firm has a market cap of $14,690.00, a price-to-earnings ratio of 17.64 and a beta of -0.39.

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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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