Goldcorp (GG) Lowered to Sell at ValuEngine
ValuEngine downgraded shares of Goldcorp (NYSE:GG) (TSE:G) from a hold rating to a sell rating in a research report sent to investors on Thursday morning.
Several other equities analysts have also recently weighed in on the company. Zacks Investment Research upgraded Goldcorp from a hold rating to a buy rating and set a $15.00 price target for the company in a research report on Monday, January 8th. Scotiabank set a $18.00 price target on Goldcorp and gave the company a buy rating in a research report on Tuesday, January 16th. Canaccord Genuity cut Goldcorp from a buy rating to a hold rating in a research report on Wednesday, January 17th. Jefferies Group set a $16.00 price target on Goldcorp and gave the company a hold rating in a research report on Tuesday, January 16th. Finally, Raymond James Financial lifted their price target on Goldcorp from $17.00 to $18.00 and gave the company a market perform rating in a research report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $17.51.
Shares of Goldcorp (NYSE GG) opened at $12.45 on Thursday. The stock has a market capitalization of $10,800.00, a price-to-earnings ratio of 16.38, a price-to-earnings-growth ratio of 2.85 and a beta of 0.18. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.91 and a quick ratio of 0.56. Goldcorp has a one year low of $11.64 and a one year high of $16.38.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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