What’s in Goldcorp Inc. (USA) After Today’s Bullish Options Activity?

 What's in Goldcorp Inc. (USA) After Today's Bullish Options Activity?

In today’s session Goldcorp Inc. (USA) (GG) registered an unusually high (2,629) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious GG increase. With 2,629 contracts traded and 87854 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: GG170120C00017000 closed last at: $0.65 or 18.2% up. About 3.96M shares traded hands. Goldcorp Inc. (USA) (NYSE:GG) has declined 9.54% since March 14, 2016 and is downtrending. It has underperformed by 15.16% the S&P500.

Analysts await Goldcorp Inc. (USA) (NYSE:GG) to report earnings on November, 3. They expect $0.14 EPS, up 450.00% or $0.18 from last year’s $-0.04 per share. GG’s profit will be $116.81 million for 25.98 P/E if the $0.14 EPS becomes a reality. After $-0.01 actual EPS reported by Goldcorp Inc. (USA) for the previous quarter, Wall Street now forecasts -1,500.00% EPS growth.

Goldcorp Inc. (USA) (NYSE:GG) Ratings Coverage

Out of 14 analysts covering Goldcorp Inc. (NYSE:GG), 2 rate it a “Buy”, 1 “Sell”, while 11 “Hold”. This means 14% are positive. Goldcorp Inc. has been the topic of 27 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The company was downgraded on Friday, February 12 by IBC. On Wednesday, September 7 the stock rating was initiated by Berenberg with “Hold”. TD Securities downgraded the shares of GG in a report on Friday, October 30 to “Buy” rating. The firm earned “Underperform” rating on Monday, April 11 by RBC Capital Markets. As per Tuesday, February 16, the company rating was downgraded by Canaccord Genuity. Credit Suisse downgraded the stock to “Neutral” rating in Wednesday, January 13 report. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, November 12. National Bank Canada initiated the stock with “Outperform” rating in Thursday, September 8 report. The firm has “Hold” rating by Deutsche Bank given on Monday, October 5. The rating was downgraded by TD Securities to “Hold” on Friday, February 26.

According to Zacks Investment Research, “Goldcorp has operations in Canada, the US, Mexico and Central and South America. Apart from gold, the company also produces copper and silver. The company’s principal producing mining properties are the Red Lake, Porcupine and Musselwhite gold mines in Canada The Penasquito gold/silver/zinc/lead mine, the Pueblo Viejo gold mine (40% interest) in the Dominican Republic, the Los Filos and El Sauzal gold mines in Mexico the Marlin gold/silver mine in Guatemala the Alumbrera gold/copper mine (37.5% interest) in Argentina and the Marigold (66.7% interest) and Wharf gold mines in the United States. Goldcorp has significant development projects which include the Cerro Negro gold project in Argentina l onore and Cochenour gold projects in Canada, the El Morro gold/copper project (70% interest) in Chile and the Camino Rojo gold/silver projects in Mexico.”

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 $12.14 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).

GG Company Profile

Goldcorp Inc., incorporated on December 1, 2006, 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 Firm is engaged in the sale of gold, silver, lead, zinc and copper. The Company’s principal producing mining properties consist of the Red Lake, Porcupine, Musselwhite and Eleonore gold mines in Canada; the Penasquito gold/silver/lead/zinc mine and the Los Filos gold mine in Mexico; the Marlin gold/silver mine in Guatemala; the Cerro Negro gold/silver mine and the Alumbrera gold/copper mine in Argentina, and the Pueblo Viejo gold/silver/copper mine in the Dominican Republic. The Company’s divisions include Red Lake Gold Mines Ontario Partnership (Red Lake), 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).

More notable recent Goldcorp Inc. (USA) (NYSE:GG) news were published by: Investorplace.com which released: “Why Deutsche Bank AG (USA) (DB), Goldcorp Inc. (USA) (GG) and KBR, Inc. (KBR …” on October 03, 2016, also Fool.ca with their article: “Why Now Is the Time to Buy Goldcorp Inc.” published on October 13, 2016, Schaeffersresearch.com published: “Analyst Downgrades: Barrick Gold Corporation, Goldcorp Inc., and Newmont …” on October 14, 2016. More interesting news about Goldcorp Inc. (USA) (NYSE:GG) were released by: Fool.ca and their article: “Eldorado Gold Corp.: 1 of the Best Contrarian Plays on Gold” published on October 17, 2016 as well as Fool.ca‘s news article titled: “Goldcorp Inc.’s Founder Thinks Gold Is Headed to $1900: Here’s Why He May Be Right” with publication date: September 30, 2016.

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