The stock of Goldcorp Inc. (USA) (NYSE:GG) is a huge mover today! About 3.46 million shares traded hands. Goldcorp Inc. (USA) (NYSE:GG) has declined 10.51% since March 11, 2016 and is downtrending. It has underperformed by 15.96% the S&P500.
The move comes after 5 months negative chart setup for the $12.55B company. It was reported on Oct, 14 by Barchart.com. We have $13.34 PT which if reached, will make NYSE:GG worth $878.50M 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 $122.52 million for 25.61 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”, 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 firm has “Hold” rating by TD Securities given on Friday, February 26. The rating was downgraded by Deutsche Bank to “Sell” on Friday, February 26. On Tuesday, February 16 the stock rating was downgraded by Canaccord Genuity to “Hold”. Citigroup initiated the stock with “Neutral” rating in Tuesday, August 2 report. The firm earned “Hold” rating on Wednesday, September 7 by Berenberg. As per Monday, March 28, the company rating was downgraded by UBS. As per Monday, September 14, the company rating was maintained by RBC Capital Markets. The stock of Goldcorp Inc. (USA) (NYSE:GG) earned “Outperform” rating by National Bank Canada on Thursday, September 8. Goldman Sachs downgraded the shares of GG in a report on Wednesday, May 11 to “Neutral” rating. The stock has “Hold” rating given by Jefferies on Thursday, July 14.
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: Fool.ca which released: “Why Now Is the Time to Buy Goldcorp Inc.” on October 13, 2016, also Investorplace.com with their article: “Why Deutsche Bank AG (USA) (DB), Goldcorp Inc. (USA) (GG) and KBR, Inc. (KBR …” published on October 03, 2016, Fool.ca published: “Goldcorp Inc.’s Founder Thinks Gold Is Headed to $1900: Here’s Why He May Be Right” on September 30, 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: “Barrick Gold Corp.: Is the Rally About to Continue?” with publication date: October 13, 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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