National Bank Financial Trims Goldcorp (G) Target Price to C$24.00
Goldcorp (TSE:G) (NYSE:GG) had its price target reduced by National Bank Financial from C$25.00 to C$24.00 in a report issued on Friday, February 16th. They currently have an outperform rating on the stock. National Bank Financial also issued estimates for Goldcorp’s FY2020 earnings at $1.30 EPS.
Other research analysts have also recently issued research reports about the company. BMO Capital Markets set a C$16.00 price target on Goldcorp and gave the company a market perform rating in a report on Wednesday, January 17th. Royal Bank of Canada upgraded shares of Goldcorp from a sector perform rating to an outperform rating and lifted their price objective for the stock from C$15.00 to C$18.00 in a research report on Wednesday, November 1st. Scotiabank lowered their price objective on shares of Goldcorp to C$22.00 and set an outperform rating on the stock in a research report on Tuesday, October 31st. JPMorgan Chase & Co. lifted their price objective on shares of Goldcorp from C$21.00 to C$23.60 in a research report on Wednesday, November 15th. Finally, Desjardins reiterated a hold rating on shares of Goldcorp in a research report on Monday, December 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. Goldcorp has a consensus rating of Buy and an average price target of C$21.14.
Shares of Goldcorp (G) traded up C$0.15 during trading hours on Friday, reaching C$17.42. The company had a trading volume of 2,900,081 shares, compared to its average volume of 2,673,726. Goldcorp has a 1 year low of C$15.00 and a 1 year high of C$21.93. The company has a market capitalization of $14,930.00, a PE ratio of 17.60 and a beta of -0.28.
In other news, insider Lisa Wade sold 1,533 shares of the company’s stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of C$16.78, for a total transaction of C$25,723.74. Also, insider Joanne Margaret Klein sold 1,640 shares of the company’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of C$16.29, for a total transaction of C$26,715.60. In the last three months, insiders have sold 54,997 shares of company stock valued at $915,988.
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Goldcorp Inc is a gold producer engaged in the operation, exploration, development and acquisition of precious metal properties in Canada, the United States, Mexico, and Central and South America. The Company is engaged in the sale of gold, silver, lead, zinc and copper. The Company’s segments include Red Lake Gold Mines Ontario Partnership (Red Lake), Goldcorp Canada Ltd./Goldcorp Inc (Porcupine), Musselwhite, Les Mines Opinaca Ltee (Eleonore), Minera Penasquito SA de C.V.
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