A number of other equities research analysts have also issued reports on G. Canaccord Genuity reduced their price target on Goldcorp from C$25.00 to C$23.00 in a research report on Tuesday, July 24th. National Bank Financial reduced their price target on Goldcorp from C$28.00 to C$27.00 in a research report on Saturday, July 14th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of C$19.94.
Shares of Goldcorp stock opened at C$11.82 on Friday. Goldcorp has a 12 month low of C$11.00 and a 12 month high of C$19.32.
In other news, insider Patrick James Merrin sold 23,967 shares of the firm’s stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of C$13.29, for a total transaction of C$318,521.43.
Goldcorp Inc acquires, explores for, develops, and operates precious metal properties in Canada, the United States, Mexico, and Central and South America. It primarily explores for gold, silver, lead, zinc, and copper deposits. The company's 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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