Goldcorp Inc. (G) Receives Consensus Recommendation of “Buy” from Analysts
Goldcorp Inc. (TSE:G) (NYSE:GG) has earned an average rating of “Buy” from the ten research firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$21.01.
Several equities research analysts have recently issued reports on the stock. Canaccord Genuity lowered their target price on shares of Goldcorp from C$25.00 to C$23.00 in a research note on Tuesday, July 24th. National Bank Financial reduced their price target on shares of Goldcorp from C$28.00 to C$27.00 in a research report on Saturday, July 14th.
Shares of G stock traded down C$0.01 during mid-day trading on Friday, hitting C$13.34. 2,195,554 shares of the stock were exchanged, compared to its average volume of 2,160,946. Goldcorp has a 52-week low of C$13.02 and a 52-week high of C$19.32.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 21st. Investors of record on Thursday, September 13th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Wednesday, September 12th. This represents a $0.08 annualized dividend and a dividend yield of 0.60%.
Goldcorp Company Profile
Goldcorp Inc acquires, explores for, develops, and operates precious metal properties in Canada, the United States, Mexico, and Central and South America. It primarily explores for gold, silver, lead, zinc, and copper deposits. The company's principal producing mining properties include the Éléonore, Musselwhite, Porcupine, and Red Lake mines in Canada; the Peñasquito mine in Mexico; the Cerro Negro mine in Argentina; and the Pueblo Viejo mine in the Dominican Republic.
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