Goldcorp (G) Sets New 12-Month Low at $15.15
Goldcorp Inc. (TSE:G) (NYSE:GG) shares hit a new 52-week low during trading on Monday . The company traded as low as C$15.15 and last traded at C$15.39, with a volume of 1927411 shares trading hands. The stock had previously closed at C$15.46.
A number of research analysts recently commented on G shares. Canaccord Genuity boosted their price objective on shares of Goldcorp from C$21.00 to C$21.50 in a research report on Thursday, October 26th. J P Morgan Chase & Co boosted their price objective on shares of Goldcorp from C$21.00 to C$23.60 in a research report on Wednesday, November 15th. Eight Capital reaffirmed a “buy” rating on shares of Goldcorp in a research report on Thursday, November 16th. Desjardins reaffirmed a “hold” rating on shares of Goldcorp in a research report on Monday. Finally, Royal Bank of Canada raised shares of Goldcorp from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from C$15.00 to C$18.00 in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of C$22.35.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 22nd will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend is Wednesday, December 13th. Goldcorp’s payout ratio is currently 10.39%.
In related news, Director De La Vega Blanca Treviño bought 7,150 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was purchased at an average cost of C$13.45 per share, for a total transaction of C$96,167.50. Also, insider Russell David Ball sold 3,000 shares of the company’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of C$16.91, for a total transaction of C$50,730.00. Over the last quarter, insiders have sold 5,939 shares of company stock valued at $96,962.
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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.
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