Goldcorp Inc. (G) Upgraded at Royal Bank of Canada
Royal Bank of Canada upgraded shares of Goldcorp Inc. (TSE:G) (NYSE:GG) from an underperform rating to a sector perform rating in a report issued on Thursday, StockTargetPrices.com reports. They currently have C$23.00 target price on the stock.
G has been the topic of several other reports. TD Securities lifted their target price on Goldcorp from C$18.50 to C$19.00 and gave the company a buy rating in a research note on Friday, January 13th. Canaccord Genuity downgraded Goldcorp from a buy rating to a hold rating in a research note on Friday, February 3rd. Scotiabank reiterated an outperform rating and issued a C$19.00 target price on shares of Goldcorp in a research note on Tuesday, January 17th. Finally, BMO Capital Markets reiterated a market perform rating on shares of Goldcorp in a research note on Monday, December 19th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Goldcorp has a consensus rating of Buy and an average price target of C$23.50.
Shares of Goldcorp (TSE:G) opened at 20.60 on Thursday. The stock has a market capitalization of $17.59 billion and a PE ratio of 108.42. Goldcorp has a 12 month low of $15.95 and a 12 month high of $26.56. The company’s 50 day moving average price is $21.13 and its 200 day moving average price is $19.82.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, March 24th. Stockholders of record on Thursday, March 16th will be issued a $0.02 dividend. The ex-dividend date is Tuesday, March 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.39%.
In other news, Director Raman Randhawa sold 1,660 shares of the firm’s stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of C$20.13, for a total value of C$33,415.80. Also, insider Anna Maria Tudela sold 2,100 shares of the firm’s stock in a transaction that occurred on Wednesday, February 22nd. The shares were sold at an average price of C$22.41, for a total value of C$47,061.00. Insiders sold a total of 49,039 shares of company stock valued at $978,321 over the last three months.
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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