Price Target Update on Goldcorp (NYSE:GG)

Goldcorp (NYSE:GG) : 15 investment research analysts covering Goldcorp (NYSE:GG) have an average price target of $17.91 for the near short term. The highest target price given by the Brokerage Firm to the stock is $24 and the lowest target is $13 for the short term. Analysts expect the variance to be within $3.37 of the average price.

Other Equity analysts have also commented on the company shares. In a research note released to the investors, Goldman Sachs downgrades its rating on Goldcorp (NYSE:GG).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Buy by the brokerage firm. In a recent information released to the investors, Goldman Sachs raises the new price target from $15.3 per share to $16 per share. The rating by the firm was issued on May 11, 2016.

Goldcorp (NYSE:GG): On Thursdays trading session , Opening price of the stock was $17.93 with an intraday high of $18.01. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $17.57. However, the stock managed to close at $17.6, a loss of 2.49% for the day. On the previous day, the stock had closed at $18.05. The total traded volume of the day was 7,123,404 shares.

The company shares have rallied 9.00% from its 1 Year high price. On May 2, 2016, the shares registered one year high at $20.24 and the one year low was seen on Jan 21, 2016. The 50-Day Moving Average price is $17.82 and the 200 Day Moving Average price is recorded at $15.20.

Goldcorp Inc. (Goldcorp) is a gold producer engaged in the acquisition, exploration, development and operation of gold properties in Canada, the United States, Mexico and Central and South America. The Companys principal products are gold and the byproduct silver, copper, lead and zinc. Goldcorps operating assets include four mines in Canada, two mines in Mexico, and four in Central and South America.

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