Goldcorp Inc. (G) Receives C$22.35 Consensus Price Target from Analysts
Shares of Goldcorp Inc. (TSE:G) (NYSE:GG) have been given an average rating of “Buy” by the ten ratings firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$22.35.
G has been the topic of several recent analyst reports. National Bank Financial raised shares of Goldcorp from a “sector perform” rating to an “outperform” rating and set a C$24.00 price target on the stock in a report on Thursday, October 26th. Canaccord Genuity upped their price target on shares of Goldcorp from C$21.00 to C$21.50 in a report on Thursday, October 26th. Eight Capital reaffirmed a “buy” rating on shares of Goldcorp in a report on Thursday, November 16th. J P Morgan Chase & Co upped their price target on shares of Goldcorp from C$21.00 to C$23.60 in a report on Wednesday, November 15th. Finally, Scotiabank cut their price target on shares of Goldcorp to C$22.00 and set an “outperform” rating on the stock in a report on Tuesday, October 31st.
Goldcorp (TSE:G) traded down C$0.05 on Thursday, reaching C$15.16. 3,223,491 shares of the company traded hands, compared to its average volume of 2,533,322. Goldcorp has a 1 year low of C$15.00 and a 1 year high of C$23.35.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 22nd will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Wednesday, December 13th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.53%. Goldcorp’s dividend payout ratio (DPR) is 10.39%.
In other news, insider Russell David Ball sold 3,000 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of C$16.91, for a total transaction of C$50,730.00. Also, Director De La Vega Blanca Treviño purchased 7,150 shares of the stock in a transaction dated Friday, November 17th. The shares were purchased at an average price of C$13.45 per share, with a total value of C$96,167.50. Insiders have sold 6,659 shares of company stock worth $108,828 over the last three months.
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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