Brokerages Set Goldcorp Inc. (NYSE:GG) Target Price at $12.93

Goldcorp Inc. (NYSE:GG) (TSE:G) has been assigned an average recommendation of “Hold” from the twenty ratings firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $12.93.

A number of equities research analysts have recently weighed in on the company. Deutsche Bank lowered their price target on Vornado Realty Trust from $80.00 to $73.00 and set a “hold” rating for the company in a report on Wednesday, April 10th. Raymond James restated an “outperform” rating and set a C$44.00 price objective on shares of Teck Resources in a research note on Wednesday, April 24th.

The business’s 50 day simple moving average is $11.19. The company has a current ratio of 0.87, a quick ratio of 0.47 and a debt-to-equity ratio of 0.27. Goldcorp has a 12-month low of $8.42 and a 12-month high of $14.66. The firm has a market cap of $9.72 billion, a PE ratio of 159.86 and a beta of 0.25.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Estabrook Capital Management lifted its holdings in Goldcorp by 37.7% during the fourth quarter. Estabrook Capital Management now owns 4,475 shares of the basic materials company’s stock worth $44,000 after acquiring an additional 1,225 shares in the last quarter. Gideon Capital Advisors Inc. purchased a new position in Goldcorp during the fourth quarter valued at $106,000. Howland Capital Management LLC purchased a new position in Goldcorp during the first quarter valued at $128,000. Brown Advisory Inc. grew its stake in Goldcorp by 19.4% during the fourth quarter. Brown Advisory Inc. now owns 12,900 shares of the basic materials company’s stock valued at $126,000 after acquiring an additional 2,100 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new position in Goldcorp during the fourth quarter valued at $133,000. 55.52% of the stock is owned by institutional investors.

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. The company primarily explores for gold, zinc, silver, lead, and copper deposits. Its 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.

Further Reading: Dividend

Analyst Recommendations for Goldcorp (NYSE:GG)

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