Stock analysts at Barclays Capital cut their target price on shares of Goldcorp (NYSE:GG) from $38.00 to $37.00 in a report issued on Friday, Analyst Ratings.Net reports. The firm currently has an “overweight” rating on the stock. Barclays Capital’s price target indicates a potential upside of 29.33% from the stock’s previous close.
Goldcorp (NYSE: GG) traded down 0.45% on Friday, hitting $28.61. Goldcorp has a 52 week low of $22.22 and a 52 week high of $47.42. The stock’s 50-day moving average is currently $26.14. The company’s market cap is $23.249 billion.
Goldcorp (NYSE:GG) last announced its earnings results on Thursday, July 25th. The company reported $0.14 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.23 by $0.09. The company had revenue of $889.00 million for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was down 17.8% on a year-over-year basis. Analysts expect that Goldcorp will post $0.90 EPS for the current fiscal year.
GG has been the subject of a number of other recent research reports. Analysts at RBC Capital raised their price target on shares of Goldcorp from $36.00 to $37.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at BMO Capital Markets cut their price target on shares of Goldcorp from $42.00 to $35.00 in a research note to investors on Monday, July 15th. They now have a “market perform” rating on the stock. Finally, analysts at Scotiabank cut their price target on shares of Goldcorp from $38.50 to $33.00 in a research note to investors on Monday, July 8th.
Two analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $35.74.
Goldcorp Inc (NYSE: GG) 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.
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