Goldcorp (USA) (GG) is Downgraded by RBC Capital Mkts to Underperform, Raises Price Target to $ 16.50

Goldcorp (USA) (GG) was Downgraded by RBC Capital Mkts to ” Underperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 16.50 from a previous price target of $12 . Earlier the firm had a rating of “Sector Perform ” on the company shares. RBC Capital Mkts advised their investors in a research report released on Apr 11, 2016.

Many Wall Street Analysts have commented on Goldcorp (USA). Company shares were Downgraded by UBS on Mar 28, 2016 to ” Neutral”, Firm has raised the Price Target to $ 17 from a previous price target of $16.50 .Goldcorp (USA) was Downgraded by Macquarie to ” Neutral” on Mar 15, 2016. Goldcorp (USA) was Initiated by Desjardins to “Hold” on Mar 10, 2016.

On the company’s financial health, Goldcorp (USA) reported $-5.14 EPS for the quarter, missing the analyst consensus estimate by $ -5.14 based on the information available during the earnings call on Feb 25, 2016. Analyst had a consensus of $0.00. The company had revenue of $1238.00 million for the quarter, compared to analysts expectations of $1074.76 million. The company’s revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 EPS.

Goldcorp (USA) opened for trading at $17.35 and hit $17.915 on the upside on Monday, eventually ending the session at $17.78, with a gain of 3.92% or 0.67 points. The heightened volatility saw the trading volume jump to 1,12,20,029 shares. Company has a market cap of $14,763 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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