Goldcorp (GG) : Analyst Rating Update

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 2.5.

Goldcorp (GG) : 15 investment research analysts covering Goldcorp (GG) have an average price target of $18.44 for the near short term. The highest target price given by the Brokerage Firm to the stock is $28 and the lowest target is $13 for the short term. Analysts expect the variance to be within $4.18 of the average price.

Goldcorp (NYSE:GG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $20.31 and $19.93 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $20.38. The buying momentum continued till the end and the stock did not give up its gains. It closed at $20.10, notching a gain of 0.60% for the day. The total traded volume was 9,745,694 . The stock had closed at $19.98 on the previous day.

Also, Desjardins upgrades their rating on the shares of Goldcorp (NYSE:GG). The current rating of the shares is Buy. Earlier, the shares were rated a Hold by the brokerage firm. The rating by the firm was issued on June 22, 2016. The company shares have rallied 19.57% from its 1 Year high price. On May 2, 2016, the shares registered one year high at $20.24 and the one year low was seen on Jan 21, 2016. The 50-Day Moving Average price is $17.87 and the 200 Day Moving Average price is recorded at $15.67.

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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