RBC Capital Downgrades Goldcorp (USA) to Underperform

Brokerage firm RBC Capital Downgrades its rating on Goldcorp (USA)(NYSE:GG). The shares have been rated Underperform. Previously, the analysts had a Sector Perform rating on the shares. The rating by RBC Capital was issued on Apr 11, 2016.

In a different note, On Mar 28, 2016, UBS said it Downgrades its rating on Goldcorp (USA). The shares have been rated ‘Neutral’ by the firm. On Mar 15, 2016, Macquarie said it Downgrades its rating on Goldcorp (USA). The shares have been rated ‘Neutral’ by the firm. Desjardins said it Initiates Coverage on Goldcorp (USA), according to a research note issued on Mar 9, 2016. The shares have been rated ‘Hold’ by the firm. On Feb 29, 2016, Citigroup said it Downgrades its rating on Goldcorp (USA). The shares have been rated ‘Neutral’ by the firm. On Feb 29, 2016, Barclays said it Maintains its rating on Goldcorp (USA). In the research note, the firm Lowers the price-target to $17.00 per share. The shares have been rated ‘Overweight’ by the firm. On Feb 26, 2016, Deutsche Bank said it Downgrades its rating on Goldcorp (USA). In the research note, the firm Lowers the price-target to $15.00 per share. The shares have been rated ‘Sell’ by the firm.

Goldcorp (USA) (GG) made into the market gainers list on Fridays trading session with the shares advancing 1.21% or 0.2 points. Due to strong positive momentum, the stock ended at $16.77, which is also near the day’s high of $16.91. The stock began the session at $16.59 and the volume stood at 94,19,168 shares. The 52-week high of the shares is $20.3 and the 52 week low is $9.46. The company has a current market capitalization of $13,925 M and it has 83,03,37,000 shares in outstanding.

Goldcorp (USA)(GG) last announced its earnings results on Feb 25, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $1.24B. Analysts had an estimated revenue of $1.07B. Earnings per share were $-0.15. Analysts had estimated an EPS of $0.01.

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.

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