Analyst Rating Update on Goldcorp (GG)

Goldcorp (GG) : 15 analysts are covering Goldcorp (GG) and their average rating on the stock is 2.53, which is read as a Hold. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Goldcorp (GG) also receives 3 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 2 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Goldcorp (GG) : The most positive equity analysts on Goldcorp (GG) expects the shares to touch $26, whereas, the least positive believes that the stock will trade at $15 in the short term. The company is covered by 15 Wall Street Brokerage Firms. The average price target for shares are $19.95 with an expected fluctuation of $3.58 from the mean.

Company shares have received an average consensus rating of Hold for the current week Also, Equity analysts at the Brokerage firm Jefferies maintains its rating on Goldcorp (NYSE:GG). The rating major has initiated the coverage with hold rating on the shares. The Analysts at Jefferies raises the price target from $17 per share to $20 per share. The rating by the firm was issued on July 14, 2016.


Goldcorp (NYSE:GG): The stock opened at $18.04 on Wednesday but the bulls could not build on the opening and the stock topped out at $18.19 for the day. The stock traded down to $17.71 during the day, due to lack of any buying support eventually closed down at $18.08 with a loss of -0.11% for the day. The stock had closed at $18.10 on the previous day. The total traded volume was 5,372,492 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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