TD Securities upgraded shares of Goldcorp (NYSE:GG) (TSE:G) from a buy rating to an action list buy rating in a research report sent to investors on Wednesday, January 17th. TD Securities currently has $22.00 price objective on the basic materials company’s stock, up from their previous price objective of $20.00.
A number of other research analysts also recently weighed in on the company. Credit Suisse Group upgraded Goldcorp from a neutral rating to an outperform rating and raised their price target for the company from $15.50 to $19.00 in a research note on Monday, January 15th. Zacks Investment Research downgraded Goldcorp from a hold rating to a sell rating in a research note on Monday, October 9th. JPMorgan Chase & Co. raised their price target on Goldcorp from $16.00 to $18.00 and gave the company an overweight rating in a research note on Wednesday, November 15th. Royal Bank of Canada upgraded Goldcorp from a sector perform rating to an outperform rating and raised their price target for the company from $15.00 to $18.00 in a research note on Wednesday, November 1st. Finally, National Bank Financial upgraded Goldcorp from a sector perform rating to an outperform rating in a research note on Thursday, October 26th. Nine investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $17.48.
Shares of Goldcorp (NYSE:GG) traded down $0.28 during trading on Wednesday, reaching $12.34. The company had a trading volume of 15,439,790 shares, compared to its average volume of 8,870,000. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.69 and a current ratio of 1.00. The firm has a market cap of $10,720.00, a price-to-earnings ratio of 20.57, a PEG ratio of 2.60 and a beta of 0.05. Goldcorp has a 1-year low of $11.64 and a 1-year high of $17.87.
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Goldcorp Inc 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 Company is engaged in the sale of gold, silver, lead, zinc and copper. The Company’s segments include Red Lake Gold Mines Ontario Partnership (Red Lake), Goldcorp Canada Ltd./Goldcorp Inc (Porcupine), Musselwhite, Les Mines Opinaca Ltee (Eleonore), Minera Penasquito SA de C.V.
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