Brokerages Set Goldcorp Inc. (G) Price Target at $21.14

Goldcorp Inc. (TSE:G) (NYSE:GG) has earned an average recommendation of “Buy” from the eleven analysts that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$21.14.

A number of equities research analysts have recently issued reports on the stock. National Bank Financial dropped their target price on shares of Goldcorp from C$25.00 to C$24.00 and set an “outperform” rating for the company in a report on Friday, February 16th. Canaccord Genuity upped their target price on shares of Goldcorp from C$21.00 to C$21.50 in a report on Friday, January 19th. Royal Bank of Canada raised shares of Goldcorp from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from C$15.00 to C$18.00 in a report on Wednesday, November 1st. Eight Capital reaffirmed a “buy” rating on shares of Goldcorp in a report on Thursday, November 16th. Finally, CSFB raised shares of Goldcorp from a “neutral” rating to an “outperform” rating and upped their target price for the stock from C$15.50 to C$19.00 in a report on Tuesday, January 16th.

Goldcorp (TSE:G) traded down C$0.12 during trading hours on Tuesday, reaching C$16.11. 453,270 shares of the company’s stock were exchanged, compared to its average volume of 2,828,393. The firm has a market capitalization of $14,080.00, a PE ratio of 16.73 and a beta of -0.39. Goldcorp has a 52 week low of C$15.00 and a 52 week high of C$22.44.

In other Goldcorp news, Director Charles Rex Sartain sold 4,550 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of C$16.61, for a total transaction of C$75,575.50. In the last ninety days, insiders have sold 6,602 shares of company stock valued at $108,760.

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About Goldcorp

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.

Analyst Recommendations for Goldcorp (TSE:G)

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