Short Term Price Target on Goldcorp (GG)

Goldcorp (NYSE:GG) : 15 investment research analysts covering Goldcorp (NYSE:GG) have an average price target of $18.44 for the near short term. The highest target price given by the Brokerage Firm to the stock is $28 and the lowest target is $13 for the short term. Analysts expect the variance to be within $4.18 of the average price.

Shares of Goldcorp Inc. rose by 8.69% in the last five trading days and 13.79% for the last 4 weeks. Goldcorp Inc. is up 19.1% in the last 3-month period. Year-to-Date the stock performance stands at 66.39%. Also, In the latest statement by the brokerage house, Desjardins upgrades its outlook on Goldcorp (NYSE:GG). The current rating of the shares is Buy, according to the research report released by the firm. Previously, the company had a rating of Hold. The rating by the firm was issued on June 22, 2016.

Goldcorp (NYSE:GG) : The consensus on Goldcorp (NYSE:GG) based on 16 analyst recommendation on the company stock is 2.5, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 4 analyst believes that the stock is a Buy, which can produce decent returns in the future. 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Goldcorp (NYSE:GG): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $18.96 and $18.71 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $19.29. The buying momentum continued till the end and the stock did not give up its gains. It closed at $19.13, notching a gain of 1.81% for the day. The total traded volume was 7,553,603 . The stock had closed at $18.79 on the previous day.

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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