Published: Thu, February 15, 2018
Business | By Tara Barton

Raymond James Financial Boosts Goldcorp (NYSE:GG) Price Target to $18.00


Apart from gold, the company also produces copper and silver. 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.

Goldcorp Inc. (GG) lost -2.22% to reach $12.34 in the previous trading session.

Goldcorp Inc. (NYSE:GG) touched its 1-Year High price of $17.87 on 02/16/17 and its 1-Year Low price of $11.64 on 12/12/17. Goldcorp has a one year low of C$15.00 and a one year high of C$23.35. Overall, 15.43 Million shares exchanged hands versus its average trading volume of 7.97 Million shares.

Goldcorp (NYSE:GG) (TSE:G) had its target price boosted by Raymond James Financial from $17.00 to $18.00 in a research report released on Wednesday, January 17th. Vanguard Group Inc. increased its position in shares of Goldcorp by 4.1% in the 2nd quarter. The company stock experienced a -2.22% move to arrive at $12.34. Nine equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company.

Goldcorp Inc. (GG) has been given an average price target of $17.89 from analysts, according to data collected by Finviz. Consensus earnings estimates are far from flawless, but they are watched by many investors and play an important role in measuring the appropriate valuation for a stock. In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world. Royal Bank of Canada upgraded shares of Goldcorp from a "sector perform" rating to an "outperform" rating and raised their price target for the company from $15.00 to $18.00 in a report on Wednesday, November 1st. The median estimate represents a +12.92% increase from the last price of 60.22.

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The consensus recommendation, according to Zacks Investment research, is 1.77. Usually the RSI is considered overbought when above 70 and oversold when less than 30.

The counter witnessed a trading volume of 7.62 million shares versus an average volume of 3.66 million shares during last trading session. The company has the market capitalization of $55.11 Billion.

This stock (GG) is ahead of its 52-week low with 6.01%. Earnings per share serves as an indicator of a company's profitability. Vanguard Group Inc. now owns 20,163,542 shares of the basic materials company's stock worth $260,311,000 after purchasing an additional 801,859 shares during the last quarter. Credit Suisse Group upgraded shares of Goldcorp from a "neutral" rating to an "outperform" rating and raised their price target for the company from $15.50 to $19.00 in a report on Monday, January 15th. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.00 and a quick ratio of 0.69. This shows a surprise factor of 0.333%. The Stock has YTD (year to date) performance of -3.37 percent. Beta for American International Group, Inc. stands at 1.18 while its ATR (average true range) is 1.37.

When we see the company's Volatility, it now has a monthly volatility of 3.13% and weekly volatility of 3.71%. As of today, the company has a SMA200 (200-day simple moving average) of -7.26 Percent. Return on Equity (ROE) stands at 3.8% and Return on Investment (ROI) of 1.9 percent.

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