Goldcorp (GG) has risen sharply, recording gains of 0.11% in the past 4 weeks. However, the stock has corrected -2.91% in the past 1 week, providing a good buying opportunity on dips. Goldcorp (GG) : During the past 4 weeks, traders have been relatively bearish on Goldcorp (GG), hence the stock is down -0.27% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.88% relative to the S&P 500.
Goldcorp Inc. is up 5.64% in the last 3-month period. Year-to-Date the stock performance stands at 59.43%. The stock has recorded a 20-day Moving Average of 0.09% and the 50-Day Moving Average is 1.25%.
Goldcorp (NYSE:GG): The stock opened at $18.33 on Friday but the bulls could not build on the opening and the stock topped out at $18.51 for the day. The stock traded down to $18.17 during the day, due to lack of any buying support eventually closed down at $18.33 with a loss of -1.98% for the day. The stock had closed at $18.70 on the previous day. The total traded volume was 9,572,548 shares.
Also, Morgan Stanley initiates coverage on Goldcorp (NYSE:GG).The analysts at the brokerage house have a current rating of Overweight on the shares. In a recent information released to the investors, Morgan Stanley announces the price target of $22 per share. The rating by the firm was issued on August 9, 2016.
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.