The stock of Goldcorp Inc. (USA) (NYSE:GG) is a huge mover today! The stock decreased 4.48% or $0.74 during the last trading session, hitting $15.78. About 8.99M shares traded hands. Goldcorp Inc. (USA) (NYSE:GG) has risen 13.53% since March 1, 2016 and is uptrending. It has outperformed by 1.31% the S&P500.
The move comes after 5 months negative chart setup for the $13.34B company. It was reported on Oct, 4 by Barchart.com. We have $14.83 PT which if reached, will make NYSE:GG worth $800.40M less.
Analysts await Goldcorp Inc. (USA) (NYSE:GG) to report earnings on November, 3. They expect $0.14 earnings per share, up 450.00% or $0.18 from last year’s $-0.04 per share. GG’s profit will be $118.35 million for 28.18 P/E if the $0.14 EPS becomes a reality. After $-0.01 actual earnings per share reported by Goldcorp Inc. (USA) for the previous quarter, Wall Street now forecasts -1,500.00% EPS growth.
Goldcorp Inc. (USA) (NYSE:GG) Ratings Coverage
Out of 14 analysts covering Goldcorp Inc. (NYSE:GG), 2 rate it a “Buy”, 2 “Sell”, while 10 “Hold”. This means 14% are positive. Goldcorp Inc. has been the topic of 26 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm has “Underperform” rating given on Monday, April 11 by RBC Capital Markets. The firm has “Sector Perform” rating given on Monday, September 14 by RBC Capital Markets. The company was downgraded on Friday, February 26 by TD Securities. The firm has “Hold” rating given on Thursday, July 14 by Jefferies. The rating was downgraded by TD Securities on Friday, October 30 to “Buy”. UBS downgraded the shares of GG in a report on Monday, March 28 to “Neutral” rating. Citigroup initiated the shares of GG in a report on Tuesday, August 2 with “Neutral” rating. IBC downgraded Goldcorp Inc. (USA) (NYSE:GG) on Friday, February 12 to “Sector Perform” rating. Credit Suisse downgraded the shares of GG in a report on Wednesday, January 13 to “Neutral” rating. Berenberg initiated the shares of GG in a report on Wednesday, September 7 with “Hold” rating.
According to Zacks Investment Research, “Goldcorp has operations in Canada, the US, Mexico and Central and South America. Apart from gold, the company also produces copper and silver. The company’s principal producing mining properties are the Red Lake, Porcupine and Musselwhite gold mines in Canada The Penasquito gold/silver/zinc/lead mine, the Pueblo Viejo gold mine (40% interest) in the Dominican Republic, the Los Filos and El Sauzal gold mines in Mexico the Marlin gold/silver mine in Guatemala the Alumbrera gold/copper mine (37.5% interest) in Argentina and the Marigold (66.7% interest) and Wharf gold mines in the United States. Goldcorp has significant development projects which include the Cerro Negro gold project in Argentina l onore and Cochenour gold projects in Canada, the El Morro gold/copper project (70% interest) in Chile and the Camino Rojo gold/silver projects in Mexico.”
More notable recent Goldcorp Inc. (USA) (NYSE:GG) news were published by: Investorplace.com which released: “Why Deutsche Bank AG (USA) (DB), Goldcorp Inc. (USA) (GG) and KBR, Inc. (KBR …” on October 03, 2016, also Fool.ca with their article: “Goldcorp Inc.’s Founder Thinks Gold Is Headed to $1900: Here’s Why He May Be Right” published on September 30, 2016, Fool.ca published: “Goldcorp Inc.: Is This Stock a Buy?” on August 09, 2016. More interesting news about Goldcorp Inc. (USA) (NYSE:GG) were released by: Schaeffersresearch.com and their article: “Analyst Upgrades: Barrick Gold Corporation (USA), Eldorado Gold Corp (USA …” published on June 27, 2016 as well as Investorplace.com‘s news article titled: “Trade of the Day: Chart Predicts GG Stock Will Keep on Shining” with publication date: July 05, 2016.
GG Company Profile
Goldcorp Inc., incorporated on December 1, 2006, is a gold producer engaged in the operation, exploration, development and acquisition of precious metal properties in Canada, the United States, Mexico, and Central and South America. The Firm is engaged in the sale of gold, silver, lead, zinc and copper. The Company’s principal producing mining properties consist of the Red Lake, Porcupine, Musselwhite and Eleonore gold mines in Canada; the Penasquito gold/silver/lead/zinc mine and the Los Filos gold mine in Mexico; the Marlin gold/silver mine in Guatemala; the Cerro Negro gold/silver mine and the Alumbrera gold/copper mine in Argentina, and the Pueblo Viejo gold/silver/copper mine in the Dominican Republic. The Company’s divisions include Red Lake Gold Mines Ontario Partnership (Red Lake), Goldcorp Canada Ltd./Goldcorp Inc. (Porcupine), Musselwhite, Les Mines Opinaca Ltee (Eleonore), Minera Penasquito S.A. de C.V. and Camino Rojo S.A. de C.V. (Penasquito), Desarrollos Mineros San Luis S.A. de C.V. (Los Filos), Montana Exploradora de Guatemala S.A. (Marlin), Oroplata S.A. (Cerro Negro), Corredor SpA (Project Corridor), Minera Alumbrera Limited (Alumbrera), El Morro and Pueblo Viejo Dominicana Corporation (Pueblo Viejo).
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