Goldcorp (USA) (GG) is Initiated by Citigroup to Neutral, Price Target at $20

Goldcorp (USA) (GG) was Initiated by Citigroup to “Neutral” and the brokerage firm has set the Price Target at $20. Citigroup advised their investors in a research report released on Aug 2, 2016.

Many Wall Street Analysts have commented on Goldcorp (USA). Goldcorp (USA) was Downgraded by Goldman to ” Neutral” on May 11, 2016.

On the company’s financial health, Goldcorp (USA) reported $-0.09 EPS for the quarter, missing the analyst consensus estimate by $ -0.13 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $0.04. The company had revenue of $921.00 million for the quarter, compared to analysts expectations of $902.71 million. The company’s revenue was down -30.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.08 EPS.

Goldcorp (USA) opened for trading at $18.06 and hit $18.06 on the upside on Friday, eventually ending the session at $17.88, with a gain of 0.85% or 0.15 points. The heightened volatility saw the trading volume jump to 1,11,39,489 shares. Company has a market cap of $14,876 M.

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 Company’s principal products are gold and the byproduct silver copper lead and zinc. Goldcorp’s operating assets include four mines in Canada two mines in Mexico and four in Central and South America.

Goldcorp  (USA)

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