Morgan Stanley Initiates Coverage on Goldcorp (USA) to Overweight

Morgan Stanley Initiates Coverage on Goldcorp (USA)(NYSE:GG). The shares have been rated Overweight. The rating by Morgan Stanley was issued on Aug 9, 2016.

In a different note, On Aug 8, 2016, Barclays said it Maintains its rating on Goldcorp (USA). In the research note, the firm Raises the price-target to $18.00 per share. The shares have been rated ‘Overweight’ by the firm. Citigroup said it Initiates Coverage on Goldcorp (USA), according to a research note issued on Aug 2, 2016. The shares have been rated ‘Neutral’ by the firm. On Jul 14, 2016, Jefferies said it Maintains its rating on Goldcorp (USA). In the research note, the firm Raises the price-target to $17.00 per share. The shares have been rated ‘Hold’ by the firm. On Jun 22, 2016, Desjardins said it Upgrades its rating on Goldcorp (USA). The shares have been rated ‘Buy’ by the firm.

Goldcorp (USA) (GG) shares turned negative on Wednesdays trading session with the shares closing down -0.33 points or -1.75% at a volume of 89,76,546. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $18.68. The peak price level was also seen at $18.68 while the days lowest was $18.06. Finally the shares closed at $18.5. The 52-week high of the shares is $20.38 while the 52-week low is $9.46. According to the latest information available, the market cap of the company is $15,781 M.

Goldcorp (USA)(GG) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $753.00M. Analysts had an estimated revenue of $896.98M. Earnings per share were $-0.08. Analysts had estimated an EPS of $0.02.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Goldcorp (USA) - Is it time to Sell?

Top Brokerage Firms are advising their investors on Goldcorp (USA). Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.