Scotiabank set a $18.00 price objective on Goldcorp Inc. (NYSE:GG) (TSE:G) in a report released on Thursday morning. The firm currently has an outperform rating on the basic materials company’s stock.

A number of other research analysts have also weighed in on GG. National Bank Financial lowered shares of Goldcorp from an outperform rating to a sector perform rating in a research note on Monday, July 24th. BidaskClub raised shares of Goldcorp from a sell rating to a hold rating in a research note on Tuesday, July 18th. Morgan Stanley reaffirmed an overweight rating on shares of Goldcorp in a research note on Friday, July 21st. Jefferies Group LLC reaffirmed a hold rating and issued a $13.00 price target (down from $15.00) on shares of Goldcorp in a research note on Friday, July 14th. Finally, Royal Bank Of Canada set a $16.00 price target on shares of Goldcorp and gave the company a hold rating in a research note on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Goldcorp currently has a consensus rating of Hold and an average price target of $17.19.

Shares of Goldcorp (NYSE:GG) traded up 1.418% during trading on Thursday, hitting $13.235. The stock had a trading volume of 3,676,107 shares. Goldcorp has a 12-month low of $11.91 and a 12-month high of $19.35. The firm has a 50 day moving average price of $13.21 and a 200 day moving average price of $14.59. The firm has a market cap of $11.45 billion, a P/E ratio of 24.284 and a beta of 0.02.

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Hedge funds have recently bought and sold shares of the stock. Van ECK Associates Corp increased its stake in Goldcorp by 5.6% in the first quarter. Van ECK Associates Corp now owns 58,304,591 shares of the basic materials company’s stock valued at $850,663,000 after buying an additional 3,112,702 shares during the period. Vanguard Group Inc. increased its stake in Goldcorp by 4.4% in the first quarter. Vanguard Group Inc. now owns 19,361,683 shares of the basic materials company’s stock valued at $282,487,000 after buying an additional 814,810 shares during the period. FMR LLC increased its stake in Goldcorp by 163.8% in the first quarter. FMR LLC now owns 17,612,338 shares of the basic materials company’s stock valued at $256,931,000 after buying an additional 10,937,064 shares during the period. TD Asset Management Inc. increased its stake in Goldcorp by 4.3% in the first quarter. TD Asset Management Inc. now owns 16,363,749 shares of the basic materials company’s stock valued at $238,040,000 after buying an additional 681,367 shares during the period. Finally, Artisan Partners Limited Partnership increased its stake in Goldcorp by 1.6% in the first quarter. Artisan Partners Limited Partnership now owns 15,412,581 shares of the basic materials company’s stock valued at $224,870,000 after buying an additional 246,922 shares during the period. Hedge funds and other institutional investors own 56.56% of the company’s stock.

About Goldcorp

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.

Analyst Recommendations for Goldcorp (NYSE:GG)

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