Goldcorp Inc. (USA) Can’t Be More Risky. Option Traders Sell It

 Goldcorp Inc. (USA) Can't Be More Risky. Option Traders Sell It

In today’s session Goldcorp Inc. (USA) (GG) recorded an unusually high (5,962) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2018 put, expecting serious GG decrease. With 5,962 contracts traded and 119294 open interest for the Jan, 18 contract, it seems this is a quite bearish bet. The option with symbol: GG180119P00012000 closed last at: $1.87 or 3.9% up. About 518,164 shares traded hands. Goldcorp Inc. (USA) (NYSE:GG) has declined 20.36% since April 20, 2016 and is downtrending. It has underperformed by 24.92% the S&P500.

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

Out of 15 analysts covering Goldcorp Inc. (NYSE:GG), 3 rate it a “Buy”, 1 “Sell”, while 11 “Hold”. This means 20% are positive. $22 is the highest target while $13.50 is the lowest. The $17.85 average target is 33.11% above today’s ($13.41) stock price. Goldcorp Inc. has been the topic of 28 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The rating was downgraded by Credit Suisse to “Neutral” on Wednesday, January 13. The firm has “Hold” rating by Berenberg given on Wednesday, September 7. The stock of Goldcorp Inc. (USA) (NYSE:GG) earned “Hold” rating by Deutsche Bank on Monday, October 3. The stock of Goldcorp Inc. (USA) (NYSE:GG) has “Sector Perform” rating given on Thursday, November 12 by RBC Capital Markets. UBS downgraded the stock to “Neutral” rating in Monday, March 28 report. On Friday, July 24 the stock rating was initiated by IBC with “Outperform”. As per Thursday, July 14, the company rating was maintained by Jefferies. On Thursday, September 8 the stock rating was initiated by National Bank Canada with “Outperform”. Deutsche Bank downgraded Goldcorp Inc. (USA) (NYSE:GG) rating on Friday, February 26. Deutsche Bank has “Sell” rating and $13.50 price target. The rating was downgraded by IBC to “Sector Perform” on Friday, February 12.

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 $11.37 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).

Another recent and important Goldcorp Inc. (USA) (NYSE:GG) news was published by Fool.ca which published an article titled: “Will Goldcorp Inc. Continue to Rally on the Trump Win?” on November 10, 2016.

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