Desjardins Upgrades Goldcorp (USA) to Buy

Brokerage firm Desjardins Upgrades its rating on Goldcorp (USA)(NYSE:GG). The shares have been rated Buy. Previously, the analysts had a Hold rating on the shares. The rating by Desjardins was issued on Jun 22, 2016.

In a different note, On May 11, 2016, Goldman Sachs said it Downgrades its rating on Goldcorp (USA). In the research note, the firm Raises the price-target to $15.30 per share. The shares have been rated ‘Neutral’ by the firm. On Mar 28, 2016, UBS said it Downgrades its rating on Goldcorp (USA). The shares have been rated ‘Neutral’ by the firm.

Goldcorp (USA) (GG) made into the market gainers list on Mondays trading session with the shares advancing 0.11% or 0.02 points. Due to strong positive momentum, the stock ended at $18.4, which is also near the day’s high of $18.8093. The stock began the session at $18.58 and the volume stood at 1,37,57,366 shares. The 52-week high of the shares is $20.24 and the 52 week low is $9.46. The company has a current market capitalization of $15,309 M and it has 83,20,00,000 shares in outstanding.

Goldcorp (USA)(GG) last announced its earnings results on Apr 27, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.16B. Analysts had an estimated revenue of $978.55M. Earnings per share were $0.10. Analysts had estimated an EPS of $0.04.

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 Company’s principal products are gold and the byproduct silver copper lead and zinc. Goldcorp’s operating assets include four mines in Canada two mines in Mexico and four in Central and South America.

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