Goldcorp Inc. (NYSE:GG) (TSE:G) gapped down prior to trading on Thursday . The stock had previously closed at $11.44, but opened at $11.20. Goldcorp shares last traded at $10.91, with a volume of 19061420 shares.

GG has been the subject of a number of research analyst reports. HSBC upgraded shares of Goldcorp from a “hold” rating to a “buy” rating in a report on Friday, November 16th. ValuEngine upgraded shares of Goldcorp from a “sell” rating to a “hold” rating in a report on Wednesday, November 21st. CIBC upgraded shares of Goldcorp from a “neutral” rating to a “sector outperform” rating in a report on Monday, December 17th. UBS Group initiated coverage on shares of Goldcorp in a report on Friday, January 4th. They set a “buy” rating and a $12.00 price objective for the company. Finally, Macquarie lowered shares of Goldcorp from an “outperform” rating to a “neutral” rating in a report on Monday, January 7th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $13.33.

The company has a current ratio of 0.87, a quick ratio of 0.47 and a debt-to-equity ratio of 0.27. The stock has a market cap of $9.60 billion, a P/E ratio of 155.86 and a beta of 0.23.

Goldcorp (NYSE:GG) (TSE:G) last posted its earnings results on Wednesday, February 13th. The basic materials company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. The business had revenue of $772.00 million for the quarter, compared to the consensus estimate of $853.36 million. Goldcorp had a negative net margin of 136.84% and a positive return on equity of 0.86%. Analysts anticipate that Goldcorp Inc. will post 0.28 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Thursday, March 14th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Wednesday, March 13th. Goldcorp’s dividend payout ratio (DPR) is 114.29%.

A number of hedge funds and other institutional investors have recently bought and sold shares of GG. Estabrook Capital Management increased its position in Goldcorp by 37.7% during the 4th quarter. Estabrook Capital Management now owns 4,475 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 1,225 shares during the period. We Are One Seven LLC purchased a new position in Goldcorp during the 4th quarter valued at about $92,000. Gideon Capital Advisors Inc. purchased a new position in Goldcorp during the 4th quarter valued at about $106,000. Advisor Partners LLC purchased a new position in Goldcorp during the 3rd quarter valued at about $107,000. Finally, Brown Advisory Inc. purchased a new position in Goldcorp during the 3rd quarter valued at about $111,000. 55.09% of the stock is currently owned by institutional investors and hedge funds.

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About Goldcorp (NYSE:GG)

Goldcorp Inc acquires, explores for, develops, and operates precious metal properties in Canada, the United States, Mexico, and Central and South America. The company primarily explores for gold, zinc, silver, lead, and copper deposits. Its principal producing mining properties include the Éléonore, Musselwhite, Porcupine, and Red Lake mines in Canada; the Peñasquito mine in Mexico; the Cerro Negro mine in Argentina; and the Pueblo Viejo mine in the Dominican Republic.

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