Is Selling Goldcorp Inc. Here a Winning Strategy?


The stock of Goldcorp Inc. (TSE:G) is a huge mover today! About 2.25 million shares traded hands. Goldcorp Inc. (TSE:G) has risen 12.13% since February 5, 2016 and is uptrending. It has underperformed by 4.35% the S&P500.
The move comes after 9 months negative chart setup for the $18.18B company. It was reported on Sep, 13 by We have $19.60 PT which if reached, will make TSE:G worth $909.00M less.

Out of 5 analysts covering Goldcorp Inc. (TSE:G), 3 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 60% are positive. Goldcorp Inc. has been the topic of 8 analyst reports since October 26, 2015 according to StockzIntelligence Inc.

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 has a market cap of $18.18 billion. The Firm is engaged in the sale of gold, silver, lead, zinc and copper. It currently has negative earnings. The Company’s divisions include Red Lake Gold Mines Ontario Partnership , Goldcorp Canada Ltd./Goldcorp Inc. (Porcupine), Musselwhite, Les Mines Opinaca Ltee (Eleonore), Minera Penasquito S.A. de C.V. and Camino Rojo S.A. de C.V. (Penasquito), Desarrollos Mineros San Luis S.A. de C.V. (Los Filos), Montana Exploradora de Guatemala S.A. (Marlin), Oroplata S.A. (Cerro Negro), Corredor SpA (Project Corridor), Minera Alumbrera Limited (Alumbrera), El Morro and Pueblo Viejo Dominicana Corporation (Pueblo Viejo).

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