Goldcorp (GG) has risen sharply, recording gains of 7.89% in the past 4 weeks. However, the stock has corrected -3.21% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 3.37% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has recorded a 20-day Moving Average of 2.26% and the 50-Day Moving Average is 5.8%.
Goldcorp (NYSE:GG): The stock opened at $19.23 on Friday but the bulls could not build on the opening and the stock topped out at $19.37 for the day. The stock traded down to $19.12 during the day, due to lack of any buying support eventually closed down at $19.29 with a loss of -0.82% for the day. The stock had closed at $19.45 on the previous day. The total traded volume was 4,912,708 shares.
Institutional Investors own 59.19% of Goldcorp shares.
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.