National Bank Financial Upgrades Goldcorp Inc. (G) to “Outperform”

National Bank Financial upgraded shares of Goldcorp Inc. (TSE:G) (NYSE:GG) from a sector perform rating to an outperform rating in a research report released on Thursday morning. They currently have C$24.00 price objective on the stock.

Several other equities analysts have also issued reports on G. Canaccord Genuity raised shares of Goldcorp from a hold rating to a buy rating and lifted their price objective for the company from C$19.50 to C$21.00 in a report on Friday, September 29th. TD Securities cut their price objective on shares of Goldcorp to C$25.00 and set a buy rating on the stock in a report on Friday, August 4th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of Buy and an average price target of C$22.50.

Shares of Goldcorp (G) opened at 16.81 on Thursday. Goldcorp has a 52-week low of $15.56 and a 52-week high of $23.35. The firm’s 50-day moving average price is $16.38 and its 200 day moving average price is $17.40. The company has a market capitalization of $14.54 billion and a PE ratio of 30.84.

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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.

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