Shares of Goldcorp Inc. (NYSE:GG) (TSE:G) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $11.19. Goldcorp shares last traded at $11.19, with a volume of 0 shares trading hands.
Separately, Raymond James restated a “market perform” rating and issued a $12.00 target price on shares of Goldcorp in a research note on Wednesday, April 24th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company. Goldcorp has a consensus rating of “Hold” and a consensus target price of $12.93.
The company has a debt-to-equity ratio of 0.27, a current ratio of 0.87 and a quick ratio of 0.47. The company has a 50-day moving average of $11.19. The firm has a market cap of $9.72 billion, a price-to-earnings ratio of 159.86 and a beta of 0.25.
Hedge funds and other institutional investors have recently modified their holdings of the company. Howland Capital Management LLC acquired a new position in shares of Goldcorp during the first quarter worth approximately $128,000. Gulf International Bank UK Ltd boosted its position in shares of Goldcorp by 11.2% during the first quarter. Gulf International Bank UK Ltd now owns 17,918 shares of the basic materials company’s stock worth $205,000 after buying an additional 1,800 shares during the period. HL Financial Services LLC boosted its position in shares of Goldcorp by 40.1% during the first quarter. HL Financial Services LLC now owns 19,035 shares of the basic materials company’s stock worth $218,000 after buying an additional 5,450 shares during the period. S. Muoio & CO. LLC acquired a new position in shares of Goldcorp during the first quarter worth approximately $229,000. Finally, Cetera Advisor Networks LLC boosted its position in shares of Goldcorp by 26.6% during the first quarter. Cetera Advisor Networks LLC now owns 21,493 shares of the basic materials company’s stock worth $249,000 after buying an additional 4,514 shares during the period. Institutional investors and hedge funds own 55.52% of the company’s stock.
About Goldcorp (NYSE:GG)
Goldcorp Inc acquires, explores for, develops, and operates precious metal properties in Canada, the United States, Mexico, and Central and South America. The company primarily explores for gold, zinc, silver, lead, and copper deposits. Its principal producing mining properties include the Éléonore, Musselwhite, Porcupine, and Red Lake mines in Canada; the Peñasquito mine in Mexico; the Cerro Negro mine in Argentina; and the Pueblo Viejo mine in the Dominican Republic.
Further Reading: Quantitative Easing
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