Goldcorp (G) Stock Price Up 2.6%
Shares of Goldcorp Inc. (TSE:G) (NYSE:GG) rose 2.6% during trading on Monday . The company traded as high as C$17.89 and last traded at C$17.89. Approximately 2,940,628 shares changed hands during mid-day trading, an increase of 32% from the average daily volume of 2,222,665 shares. The stock had previously closed at C$17.43.
G has been the subject of a number of research analyst reports. National Bank Financial raised Goldcorp from a “sector perform” rating to an “outperform” rating and set a C$24.00 price target for the company in a research note on Thursday, October 26th. Canaccord Genuity raised their price target on Goldcorp from C$21.00 to C$21.50 in a research note on Thursday, October 26th. Eight Capital reaffirmed a “buy” rating on shares of Goldcorp in a research note on Thursday, November 16th. JPMorgan Chase & Co. raised their price target on Goldcorp from C$21.00 to C$23.60 in a research note on Wednesday, November 15th. Finally, Desjardins reaffirmed a “hold” rating on shares of Goldcorp in a research note on Monday, December 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of C$22.35.
The firm has a market capitalization of $16,160.00, a price-to-earnings ratio of 23.85 and a beta of -0.53.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Friday, December 22nd were issued a $0.02 dividend. The ex-dividend date of this dividend was Wednesday, December 13th. This represents a $0.08 dividend on an annualized basis and a yield of 0.45%. Goldcorp’s dividend payout ratio (DPR) is 10.67%.
In other news, insider Russell David Ball sold 2,000 shares of the firm’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of C$16.82, for a total transaction of C$33,640.00. Also, Director De La Vega Blanca Treviño purchased 7,150 shares of Goldcorp stock in a transaction dated Friday, November 17th. The shares were bought at an average price of C$13.45 per share, with a total value of C$96,167.50. In the last quarter, insiders sold 6,589 shares of company stock valued at $106,887.
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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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