Goldcorp (USA) (GG) is Downgraded by Goldman to Neutral

Goldcorp (USA) (GG) was Downgraded by Goldman to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Goldman advised their investors in a research report released on May 11, 2016.

Many Wall Street Analysts have commented on Goldcorp (USA). Company shares were Downgraded by RBC Capital Mkts on Apr 11, 2016 to ” Underperform”, Firm has raised the Price Target to $ 16.50 from a previous price target of $12 .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.

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 $18.29 and hit $18.73 on the upside on Tuesday, eventually ending the session at $18.65, with a gain of 2.25% or 0.41 points. The heightened volatility saw the trading volume jump to 84,34,604 shares. Company has a market cap of $15,517 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)

Leave a Reply

Goldcorp (USA) - Is it time to Sell?

Top Brokerage Firms are advising their investors on Goldcorp (USA). Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.