The stock of Goldcorp Inc. (USA) (NYSE:GG) is a huge mover today! About 1.78 million shares traded hands. Goldcorp Inc. (USA) (NYSE:GG) has declined 24.41% since April 22, 2016 and is downtrending. It has underperformed by 29.82% the S&P500.
The move comes after 6 months positive chart setup for the $10.76 billion company. It was reported on Nov, 25 by Barchart.com. We have $13.59 PT which if reached, will make NYSE:GG worth $322.80M more.
Analysts await Goldcorp Inc. (USA) (NYSE:GG) to report earnings on February, 23. They expect $0.13 earnings per share, up 186.67% or $0.28 from last year’s $-0.15 per share. GG’s profit will be $106.05 million for 25.37 P/E if the $0.13 EPS becomes a reality. After $0.11 actual earnings per share reported by Goldcorp Inc. (USA) for the previous quarter, Wall Street now forecasts 18.18% EPS growth.
Goldcorp Inc. (USA) (NYSE:GG) Ratings Coverage
Out of 15 analysts covering Goldcorp Inc. (NYSE:GG), 3 rate it a “Buy”, 1 “Sell”, while 11 “Hold”. This means 20% are positive. Goldcorp Inc. has been the topic of 28 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of Goldcorp Inc. (USA) (NYSE:GG) earned “Hold” rating by Jefferies on Thursday, July 14. The rating was upgraded by Desjardins Securities on Thursday, October 20 to “Buy”. Goldman Sachs downgraded it to “Neutral” rating and $16 target price in Wednesday, May 11 report. UBS downgraded the shares of GG in a report on Monday, March 28 to “Neutral” rating. The firm has “Outperform” rating by National Bank Canada given on Thursday, September 8. The rating was initiated by Citigroup with “Neutral” on Tuesday, August 2. RBC Capital Markets downgraded the shares of GG in a report on Monday, April 11 to “Underperform” rating. The rating was downgraded by Credit Suisse to “Neutral” on Wednesday, January 13. The firm has “Hold” rating by Deutsche Bank given on Monday, October 5. RBC Capital Markets maintained the shares of GG in a report on Monday, September 14 with “Sector Perform” 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.”
Another recent and important Goldcorp Inc. (USA) (NYSE:GG) news was published by Fool.ca which published an article titled: “Will Goldcorp Inc. Continue to Rally on the Trump Win?” on November 10, 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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