Goldcorp (GG) Receiving Somewhat Positive Press Coverage, Analysis Shows

Press coverage about Goldcorp (NYSE:GG) (TSE:G) has trended somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Goldcorp earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave media headlines about the basic materials company an impact score of 46.54100617037 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:

Several brokerages have issued reports on GG. Scotiabank upped their target price on Goldcorp from $17.00 to $17.50 and gave the stock an “outperform” rating in a research note on Wednesday, January 17th. CIBC upped their target price on Goldcorp from $17.50 to $20.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 17th. Raymond James upped their target price on Goldcorp from $17.00 to $18.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 17th. Canaccord Genuity lowered Goldcorp from a “buy” rating to a “hold” rating in a research note on Wednesday, January 17th. Finally, TD Securities raised Goldcorp from a “buy” rating to an “action list buy” rating and upped their target price for the stock from $20.00 to $22.00 in a research note on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Goldcorp presently has an average rating of “Buy” and an average price target of $17.67.

GG stock traded down $0.06 during midday trading on Thursday, hitting $13.51. The company had a trading volume of 3,339,345 shares, compared to its average volume of 7,100,682. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.54 and a current ratio of 0.92. Goldcorp has a 52 week low of $13.43 and a 52 week high of $13.55. The company has a market capitalization of $11.73 billion, a P/E ratio of 33.78, a PEG ratio of 3.09 and a beta of 0.09.

Goldcorp (NYSE:GG) (TSE:G) last announced its quarterly earnings data on Wednesday, April 25th. The basic materials company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.02). Goldcorp had a net margin of 16.39% and a return on equity of 2.32%. The company had revenue of $846.00 million during the quarter, compared to the consensus estimate of $868.52 million. During the same quarter in the previous year, the firm posted $0.20 EPS. equities analysts predict that Goldcorp will post 0.44 earnings per share for the current year.

Goldcorp Company Profile

Goldcorp Inc acquires, explores for, develops, and operates precious metal properties in Canada, the United States, Mexico, and Central and South America. It primarily explores for gold, silver, lead, zinc, and copper deposits. The company's 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.

Insider Buying and Selling by Quarter for Goldcorp (NYSE:GG)

Receive News & Ratings for Goldcorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldcorp and related companies with MarketBeat.com's FREE daily email newsletter.

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