Large Outflow of Money Witnessed in Goldcorp

Goldcorp (GG) : The total money flow in Goldcorp (GG) was negative ($2.39 million), which signals selling by the traders on Wednesdays session. They trimmed their holdings by selling the stock on downticks to the tune of $13.67 million. In comparison, the inflow of money into the stock on upticks was $11.28 million. The uptick to downtick ratio was 0.83. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $1.8 million. The value of transactions on uptick was $1.32 million. The negative money flow of ($0.48 million) confirms the selling in Goldcorp (GG) on strength. The uptick to downtick ratio of block trades was 0.73. Goldcorp (GG) gained $0.23 at $16.5, a gain of 1.38% over the previous days close. However, the stock registered -0.99% in the week.


Goldcorp Inc. has dropped 1.43% in the last five trading days, however, the shares have posted positive gains of 1.78% in the last 4 weeks. Goldcorp Inc. has dropped 11.6% during the last 3-month period . Year-to-Date the stock performance stands at 44.47%.

Goldcorp (GG) : The consensus on Goldcorp (GG) based on 18 analyst recommendation on the company stock is 2.42, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 4 analyst believes that the stock is a Buy, which can produce decent returns in the future. 7 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Goldcorp (NYSE:GG): The stock opened at $16.25 and touched an intraday high of $16.639 on Wednesday. During the day, the stock corrected to an intraday low of $15.89, however, the bulls stepped in and pushed the price higher to close in the green at $16.59 with a gain of 1.97% for the day. The total traded volume for the day was 8,820,105. The stock had closed at $16.27 in the previous trading session.

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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