Goldcorp Inc. Can’t Burn Your Short Portfolio. Has Another Weak Session

 Goldcorp Inc. Can't Burn Your Short Portfolio. Has Another Weak Session

The stock of Goldcorp Inc. (TSE:G) is a huge mover today! About 2.05 million shares traded hands. Goldcorp Inc. (TSE:G) has declined 16.63% since April 13, 2016 and is downtrending. It has underperformed by 21.25% the S&P500.
The move comes after 5 months negative chart setup for the $15.96 billion company. It was reported on Nov, 17 by Barchart.com. We have $17.14 PT which if reached, will make TSE:G worth $798.00 million 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 85.70% above today’s ($18.04) stock price. Goldcorp Inc. has been the topic of 16 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The firm has “Sector Perform” rating by RBC Capital Markets given on Monday, October 26. On Friday, July 22 the stock rating was maintained by TD Securities with “Hold”. JP Morgan initiated Goldcorp Inc. (TSE:G) on Thursday, February 4 with “Overweight” rating. The rating was maintained by RBC Capital Markets with “Underperform” on Tuesday, October 25. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, February 25. The firm earned “Outperform” rating on Thursday, September 3 by Barrington Research. Mackie upgraded Goldcorp Inc. (TSE:G) on Tuesday, August 4 to “Buy” rating. The stock of Goldcorp Inc. (TSE:G) has “Sector Perform” rating given on Thursday, February 4 by RBC Capital Markets. The stock has “Buy” rating given by Canaccord Genuity on Monday, October 24. Sidoti upgraded the stock to “Buy” rating in Wednesday, December 16 report.

More news for Goldcorp Inc. (TSE:G) were recently published by: Seekingalpha.com, which released: “Goldcorp: Expect A Turnaround” on November 16, 2016. Fool.ca‘s article titled: “Will Goldcorp Inc. Continue to Rally on the Trump Win?” and published on November 10, 2016 is yet another important article.

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 $15.96 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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