Goldcorp Inc. (G) Receives “Buy” Rating from Eight Capital
Several other analysts have also weighed in on G. J P Morgan Chase & Co boosted their price objective on Goldcorp from C$21.00 to C$23.60 in a report on Wednesday. Royal Bank Of Canada raised 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 report on Wednesday, November 1st. Scotiabank lowered their price objective on Goldcorp to C$22.00 and set an outperform rating for the company in a report on Tuesday, October 31st. Canaccord Genuity boosted their price objective on Goldcorp from C$21.00 to C$21.50 in a report on Thursday, October 26th. Finally, National Bank Financial raised Goldcorp from a sector perform rating to an outperform rating and set a C$24.00 price objective for the company in a report on Thursday, October 26th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Goldcorp has an average rating of Buy and a consensus price target of C$22.35.
Shares of Goldcorp (TSE G) traded up C$0.20 on Thursday, hitting C$17.10. The company’s stock had a trading volume of 2,445,183 shares, compared to its average volume of 2,577,248. Goldcorp has a 12 month low of C$15.56 and a 12 month high of C$23.35.
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In related news, Director De La Vega Blanca Treviño purchased 7,150 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were acquired at an average cost of C$13.45 per share, with a total value of C$96,167.50. Also, insider Russell David Ball sold 2,000 shares of the company’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. Insiders sold 6,720 shares of company stock valued at $113,486 in the last 90 days.
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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