The stock of Goldcorp Inc. (USA) (NYSE:GG) is a huge mover today! About 1.95 million shares traded hands. Goldcorp Inc. (USA) (NYSE:GG) has declined 6.68% since March 4, 2016 and is downtrending. It has underperformed by 14.71% the S&P500.
The move comes after 9 months positive chart setup for the $11.81B company. It was reported on Oct, 7 by Barchart.com. We have $22.11 PT which if reached, will make NYSE:GG worth $6.61B more.
Analysts await Goldcorp Inc. (USA) (NYSE:GG) to report earnings on November, 3. They expect $0.14 EPS, up 450.00% or $0.18 from last year’s $-0.04 per share. GG’s profit will be $116.68 million for 25.30 P/E if the $0.14 EPS becomes a reality. After $-0.01 actual EPS 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”, 1 “Sell”, while 11 “Hold”. This means 14% are positive. Goldcorp Inc. has been the topic of 27 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The rating was initiated by Morgan Stanley on Tuesday, August 9 with “Overweight”. As per Monday, March 28, the company rating was downgraded by UBS. The firm earned “Hold” rating on Friday, February 26 by TD Securities. The rating was maintained by Deutsche Bank with “Hold” on Monday, October 5. The firm earned “Neutral” rating on Tuesday, March 15 by Macquarie Research. Jefferies maintained the shares of GG in a report on Thursday, July 14 with “Hold” rating. The rating was downgraded by TD Securities on Friday, October 30 to “Buy”. The stock of Goldcorp Inc. (USA) (NYSE:GG) earned “Sector Perform” rating by IBC on Friday, February 12. Deutsche Bank downgraded Goldcorp Inc. (USA) (NYSE:GG) rating on Friday, February 26. Deutsche Bank has “Sell” rating and $13.50 price target. On Wednesday, September 7 the stock rating was initiated by Berenberg with “Hold”.
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: “Why Goldcorp Inc. Has Failed to Rally Like Other Gold Miners” on September 08, 2016. More interesting news about Goldcorp Inc. (USA) (NYSE:GG) were released by: Fool.com and their article: “Better Buy: Royal Gold, Inc. vs. Goldcorp Inc.” published on September 17, 2016 as well as Fool.ca‘s news article titled: “Gold Bugs: Is Goldcorp Inc. Headed Higher?” with publication date: September 07, 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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