Goldcorp Inc. (GG) Raised to Outperform at National Bank Financial

National Bank Financial upgraded shares of Goldcorp Inc. (NYSE:GG) (TSE:G) from a sector perform rating to an outperform rating in a research note issued to investors on Thursday morning, MarketBeat.com reports.

A number of other equities research analysts also recently weighed in on the company. Zacks Investment Research downgraded Goldcorp from a hold rating to a sell rating in a research report on Monday, October 9th. Macquarie raised Goldcorp from a neutral rating to an outperform rating in a research report on Wednesday, July 12th. Morgan Stanley reaffirmed an overweight rating on shares of Goldcorp in a research report on Friday, July 21st. BidaskClub raised Goldcorp from a sell rating to a hold rating in a research report on Tuesday, July 18th. Finally, Scotiabank set a $18.00 price objective on Goldcorp and gave the company an outperform rating in a research report on Thursday, July 27th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company’s stock. Goldcorp presently has a consensus rating of Hold and an average price target of $16.66.

Shares of Goldcorp (NYSE:GG) traded up 1.39% during mid-day trading on Thursday, hitting $13.10. 6,967,505 shares of the stock were exchanged. The firm has a market cap of $11.48 billion, a P/E ratio of 45.17 and a beta of -0.07. Goldcorp has a 12 month low of $11.91 and a 12 month high of $17.87. The stock’s 50 day moving average is $13.17 and its 200 day moving average is $13.46.

COPYRIGHT VIOLATION WARNING: “Goldcorp Inc. (GG) Raised to Outperform at National Bank Financial” was originally posted by Community Financial News and is the property of of Community Financial News. If you are viewing this report on another domain, it was stolen and republished in violation of US & international copyright and trademark laws. The correct version of this report can be accessed at https://www.com-unik.info/2017/10/29/goldcorp-inc-gg-raised-to-outperform-at-national-bank-financial.html.

Several large investors have recently made changes to their positions in the company. Lowe Wealth Advisors LLC raised its stake in shares of Goldcorp by 0.4% in the second quarter. Lowe Wealth Advisors LLC now owns 68,067 shares of the basic materials company’s stock worth $879,000 after purchasing an additional 272 shares during the last quarter. Moors & Cabot Inc. raised its stake in shares of Goldcorp by 1.1% in the second quarter. Moors & Cabot Inc. now owns 24,454 shares of the basic materials company’s stock worth $313,000 after purchasing an additional 275 shares during the last quarter. First Interstate Bank raised its stake in shares of Goldcorp by 2.4% in the second quarter. First Interstate Bank now owns 13,050 shares of the basic materials company’s stock worth $168,000 after purchasing an additional 300 shares during the last quarter. Lehman Financial Resources Inc. raised its stake in shares of Goldcorp by 0.4% in the second quarter. Lehman Financial Resources Inc. now owns 68,701 shares of the basic materials company’s stock worth $891,000 after purchasing an additional 300 shares during the last quarter. Finally, Boyer & Corporon Wealth Management LLC raised its stake in shares of Goldcorp by 2.1% in the second quarter. Boyer & Corporon Wealth Management LLC now owns 19,429 shares of the basic materials company’s stock worth $251,000 after purchasing an additional 403 shares during the last quarter. Hedge funds and other institutional investors own 53.94% of the company’s stock.

About Goldcorp

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 (NYSE:GG)

What are top analysts saying about Goldcorp Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Goldcorp Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit