Brokerage Firm Rating Update on Goldcorp (GG)

Goldcorp (GG) : 4 brokerage houses believe that Goldcorp (GG) is a Strong Buy at current levels. 4 Analyst considers the fundamentals to be worthy of a Buy recommendation. 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Goldcorp (GG). Zacks Investment Research suggests a Hold with a rank of 3. 2 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 16 Wall Street Analysts endorse the stock as a Buy with a rating of 2.47.

Goldcorp (GG) : Currently there are 16 street experts covering Goldcorp (GG) stock. The most bullish and bearish price target for the stock is $26 and $15 respectively for the short term. The average price target of all the analysts comes to $20.2. The estimated standard deviation from the target is $3.45.


Company shares have received an average consensus rating of Hold for the current week Also, Morgan Stanley initiates coverage on Goldcorp (NYSE:GG) The brokerage firm has issued a Overweight rating on the shares. The Analysts at the ratings agency announces the price target to $22 per share. The rating by the firm was issued on August 9, 2016.

Goldcorp (NYSE:GG): stock was range-bound between the intraday low of $16.35 and the intraday high of $16.79 after having opened at $16.75 on Wednesdays session. The stock finally closed in the red at $16.75, a loss of -0.72%. The stock remained in the red for the whole trading day. The total traded volume was 8,557,194 shares. The stock failed to cross $16.79 in Wednesdays trading. The stocks closing price on Thursday was $16.78.

Goldcorp Inc. (Goldcorp) is a gold producer engaged in the acquisition, exploration, development and operation of gold properties in Canada, the United States, Mexico and Central and South America. The Companys principal products are gold and the byproduct silver, copper, lead and zinc. Goldcorps operating assets include four mines in Canada, two mines in Mexico, and four in Central and South America.

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