Goldcorp (GG) Receives ‘Analyst’ Rating

Goldcorp (GG) has an average broker rating of 2.38, which is interpreted as a Buy, as rated by 17 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 4 other analysts advise a Buy. Nevertheless, the majority of 6 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 2 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Goldcorp (GG) has been rated by 17 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $26 and the lowest price target forecast is $15. The average forecast of all the analysts is $20.19 and the expected standard deviation is $3.34.


Also, National Bank Financial initiates coverage on Goldcorp (NYSE:GG) The shares have been rated Outperform. The rating by the firm was issued on September 8, 2016.

Goldcorp (NYSE:GG): After opening at $15.69, the stock dipped to an intraday low of $15.44 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $16.045 and the buying power remained strong till the end. The stock closed at $15.8 for the day, a gain of 0.25% for the day session. The total traded volume was 6,590,041. The stocks close on the previous trading day was $15.76.

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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