What Next for Goldcorp Inc. Stock After Today’s Huge Decline?

 What Next for Goldcorp Inc. Stock After Today's Huge Decline?

The stock of Goldcorp Inc. (TSE:G) is a huge mover today! About 427,101 shares traded hands. Goldcorp Inc. (TSE:G) has declined 15.32% since April 25, 2016 and is downtrending. It has underperformed by 20.58% the S&P500.
The move comes after 9 months negative chart setup for the $15.64B company. It was reported on Nov, 29 by Barchart.com. We have $16.59 PT which if reached, will make TSE:G worth $1.09B 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 87.78% above today’s ($17.84) stock price. Goldcorp Inc. has been the topic of 16 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The company was upgraded on Wednesday, December 16 by Sidoti. The company was maintained on Monday, October 26 by RBC Capital Markets. On Thursday, February 4 the stock rating was initiated by JP Morgan with “Overweight”. As per Monday, October 24, the company rating was upgraded by Canaccord Genuity. The stock of Goldcorp Inc. (TSE:G) earned “Underperform” rating by RBC Capital Markets on Tuesday, October 25. Barrington Research maintained Goldcorp Inc. (TSE:G) rating on Thursday, September 3. Barrington Research has “Outperform” rating and $78.0 price target. RBC Capital Markets maintained the stock with “Sector Perform” rating in Thursday, February 25 report. The stock has “Hold” rating given by TD Securities on Friday, July 22. RBC Capital Markets maintained it with “Sector Perform” rating and $19.50 target price in Thursday, February 4 report. The company was upgraded on Tuesday, August 4 by Mackie.

More news for Goldcorp Inc. (TSE:G) were recently published by: Fool.ca, which released: “Goldcorp Inc.: Is the Pullback Over?” on November 29, 2016. Cbc.ca‘s article titled: “Goldcorp lays off 27 workers in Red Lake, Ont.” and published on November 23, 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 $15.64 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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