Could Goldcorp Inc. Change Direction After Today’s Huge Decline?

 Could Goldcorp Inc. Change Direction After Today's Huge Decline?

The stock of Goldcorp Inc. (TSE:G) is a huge mover today! About 719,266 shares traded hands. Goldcorp Inc. (TSE:G) has declined 2.05% since April 1, 2016 and is downtrending. It has underperformed by 4.01% the S&P500.
The move comes after 6 months negative chart setup for the $16.51B company. It was reported on Nov, 7 by Barchart.com. We have $18.41 PT which if reached, will make TSE:G worth $990.60M less.

Goldcorp Inc. (TSE:G) Ratings Coverage

Out of 7 analysts covering Goldcorp Inc. (TSE:G), 5 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 71% are positive. $78.0 is the highest target while $19.50 is the lowest. The $33.50 average target is 71.09% above today’s ($19.58) stock price. Goldcorp Inc. has been the topic of 16 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The stock of Goldcorp Inc. (TSE:G) has “Outperform” rating given on Thursday, September 3 by Barrington Research. RBC Capital Markets maintained the shares of G in a report on Thursday, February 25 with “Sector Perform” rating. The rating was upgraded by Sidoti to “Buy” on Wednesday, December 16. The stock of Goldcorp Inc. (TSE:G) has “Overweight” rating given on Thursday, February 4 by JP Morgan. The stock of Goldcorp Inc. (TSE:G) has “Underperform” rating given on Tuesday, October 25 by RBC Capital Markets. The rating was upgraded by Canaccord Genuity on Monday, October 24 to “Buy”. The firm earned “Sector Perform” rating on Thursday, February 4 by RBC Capital Markets. TD Securities maintained Goldcorp Inc. (TSE:G) on Friday, July 22 with “Hold” rating. The firm earned “Buy” rating on Tuesday, August 4 by Mackie. The rating was maintained by RBC Capital Markets with “Sector Perform” on Monday, October 26.

Another recent and important Goldcorp Inc. (TSE:G) news was published by Fool.ca which published an article titled: “Gold Back Above US$1300: Should You Buy Goldcorp Inc.?” on November 02, 2016.

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 $16.51 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).

G.TO 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).

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