Goldcorp (GG): Price Target and June Short Interest Disclosure

Goldcorp (GG) : 14 Wall Street analysts covering Goldcorp (GG) believe that the average level the stock could reach for the short term is $18.66. The maximum price target given is $30 and the minimum target for short term is around $13, hence the standard deviation is calculated at $4.55.

The short interest in Goldcorp (GG) has increased from 16,853,461 on June 15,2016 to 20,317,361 on June 30,2016. The change was measured at 3,463,900 shares or 20.6%. The leftover shorts were 2.5% of the floated shares. The days to cover are 2, given the average daily volume of 11,038,297 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, In a research note released to the investors, Desjardins upgrades its rating on Goldcorp (NYSE:GG).The analysts at the brokerage house have a current rating of Buy on the shares. Earlier, the shares were rated a Hold by the brokerage firm. The rating by the firm was issued on June 22, 2016.


Goldcorp (NYSE:GG): On Thursdays trading session , Opening price of the stock was $19.07 with an intraday high of $19.47. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $18.93. However, the stock managed to close at $19.45, a loss of 0.15% for the day. On the previous day, the stock had closed at $19.48. The total traded volume of the day was 6,744,340 shares.

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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