Zacks Rating on Goldcorp (GG)

Goldcorp (GG) : 16 analysts are covering Goldcorp (GG) and their average rating on the stock is 2.47, which is read as a Buy. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Goldcorp (GG) also receives 4 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 2 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Goldcorp (GG) : The highest level Goldcorp (GG) is projected to reach is $26 for the short term and the lowest estimate is at $15. The consolidated price target from 16 rating analysts who initiate coverage on the stock is $20.2 and the possibility the share price can swing is $3.45.


Goldcorp Inc. has lost 6.05% in the last five trading days and dropped 1.78% in the last 4 weeks. Goldcorp Inc. is up 7.99% in the last 3-month period. Year-to-Date the stock performance stands at 53.86%. Goldcorp (NYSE:GG): On Tuesdays trading session , Opening price of the stock was $18.05 with an intraday high of $18.07. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $17.64. However, the stock managed to close at $17.69, a loss of 1.39% for the day. On the previous day, the stock had closed at $17.94. The total traded volume of the day was 6,418,130 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.

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