Goldcorp Inc. (NYSE:GG) (TSE:G) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Friday.

A number of other equities research analysts also recently issued reports on GG. TD Securities reduced their price objective on shares of Goldcorp from $21.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday, August 4th. National Bank Financial downgraded shares of Goldcorp from an “outperform” rating to a “sector perform” rating in a research note on Monday, July 24th. Jefferies Group LLC reiterated a “hold” rating and set a $13.00 price objective (down from $15.00) on shares of Goldcorp in a research note on Friday, July 14th. Deutsche Bank AG reiterated a “hold” rating and set a $15.00 price objective (down from $16.00) on shares of Goldcorp in a research note on Sunday, June 25th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $16.00 price objective on shares of Goldcorp in a research note on Tuesday, June 13th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $17.08.

Goldcorp (NYSE:GG) traded down 0.77% during trading on Friday, reaching $12.93. 2,802,907 shares of the company’s stock were exchanged. The firm has a market cap of $11.18 billion, a P/E ratio of 23.72 and a beta of 0.02. The stock’s 50 day moving average price is $13.09 and its 200 day moving average price is $14.46. Goldcorp has a 52-week low of $11.91 and a 52-week high of $19.34.

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A number of large investors have recently bought and sold shares of the company. First Interstate Bank increased its stake in Goldcorp by 1.2% in the first quarter. First Interstate Bank now owns 12,750 shares of the basic materials company’s stock valued at $186,000 after buying an additional 150 shares in the last quarter. Lowe Wealth Advisors LLC increased its stake in Goldcorp by 0.4% in the second quarter. Lowe Wealth Advisors LLC now owns 68,067 shares of the basic materials company’s stock valued at $879,000 after buying an additional 272 shares in the last quarter. Winslow Evans & Crocker Inc. increased its stake in Goldcorp by 1.3% in the first quarter. Winslow Evans & Crocker Inc. now owns 24,252 shares of the basic materials company’s stock valued at $354,000 after buying an additional 312 shares in the last quarter. Boyer & Corporon Wealth Management LLC increased its stake in Goldcorp by 2.1% in the second quarter. Boyer & Corporon Wealth Management LLC now owns 19,429 shares of the basic materials company’s stock valued at $251,000 after buying an additional 403 shares in the last quarter. Finally, Regal Investment Advisors LLC increased its stake in Goldcorp by 2.8% in the first quarter. Regal Investment Advisors LLC now owns 15,377 shares of the basic materials company’s stock valued at $224,000 after buying an additional 417 shares in the last quarter. Institutional investors and hedge funds own 56.82% of the company’s stock.

Goldcorp Company Profile

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 (NYSE:GG)

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