Royal Bank of Canada upgraded shares of Goldcorp Inc. (TSE:G) (NYSE:GG) from an underperform rating to a sector perform rating in a research report sent to investors on Thursday, StockTargetPrices.com reports. The brokerage currently has C$23.00 price target on the stock.
Other equities research analysts also recently issued research reports about the company. TD Securities decreased their target price on Goldcorp from C$20.00 to C$18.50 and set a buy rating for the company in a report on Wednesday, December 21st. Scotiabank reaffirmed an outperform rating and set a C$19.00 target price on shares of Goldcorp in a report on Thursday, February 16th. Canaccord Genuity decreased their target price on Goldcorp from C$25.00 to C$23.50 and set a buy rating for the company in a report on Tuesday, January 17th. Finally, BMO Capital Markets reaffirmed a market perform rating on shares of Goldcorp in a report on Monday, December 19th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of C$23.50.
Shares of Goldcorp (TSE:G) opened at 20.60 on Thursday. The stock has a market capitalization of $17.59 billion and a price-to-earnings ratio of 108.42. Goldcorp has a 12-month low of $15.95 and a 12-month high of $26.56. The company has a 50-day moving average of $21.13 and a 200 day moving average of $19.82.
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The firm also recently announced a quarterly dividend, which will be paid on Friday, March 24th. Stockholders of record on Thursday, March 16th will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.39%. The ex-dividend date of this dividend is Tuesday, March 14th.
In other news, Director Raman Randhawa sold 1,660 shares of the company’s stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of C$20.13, for a total transaction of C$33,415.80. Also, Director David Garofalo sold 36,008 shares of the company’s stock in a transaction that occurred on Wednesday, March 8th. The stock was sold at an average price of C$19.80, for a total value of C$712,958.40. Over the last ninety days, insiders have sold 49,039 shares of company stock valued at $978,321.
Goldcorp Company Profile
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 is engaged in the sale of gold, silver, lead, zinc and copper. The Company’s segments include Red Lake Gold Mines Ontario Partnership (Red Lake), Goldcorp Canada Ltd./Goldcorp Inc (Porcupine), Musselwhite, Les Mines Opinaca Ltee (Eleonore), Minera Penasquito SA de C.V.
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