News coverage about Goldcorp (NYSE:GG) (TSE:G) has been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Goldcorp earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news articles about the basic materials company an impact score of 75 out of 100, indicating that recent press coverage is likely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Trading Monitor: Focusing on Shares of Goldcorp Inc. (NYSE:GG) – Sparta Review (spartareview.com)
- The Goldcorp Inc. (GG) Position Lowered by Wellington Management Group LLP (thedailyzipper.com)
- Goldcorp, Inc. :GG-US: Earnings Analysis: Q2, 2017 By the Numbers : July 28, 2017 (finance.yahoo.com)
- Goldcorp Inc. (GG) Holdings Increased by Majedie Asset Management Ltd – Highlight Press (highlightpress.com)
- Goldcorp Inc. (GG) Holdings Increased by Majedie Asset … – Highlight Press (highlightpress.com)
Shares of Goldcorp (GG) traded up 1.87% on Friday, reaching $13.05. The company had a trading volume of 8,514,785 shares. The company has a 50-day moving average price of $13.21 and a 200-day moving average price of $14.59. Goldcorp has a one year low of $11.91 and a one year high of $19.35. The firm has a market cap of $11.29 billion, a P/E ratio of 23.94 and a beta of 0.02.
Goldcorp (NYSE:GG) (TSE:G) last posted its earnings results on Wednesday, April 26th. The basic materials company reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.11. The firm had revenue of $882 million for the quarter, compared to analyst estimates of $929.91 million. Goldcorp had a return on equity of 3.46% and a net margin of 13.22%. During the same period in the previous year, the company posted $0.10 earnings per share. On average, analysts expect that Goldcorp will post $0.38 earnings per share for the current fiscal year.
Several equities analysts recently commented on GG shares. Scotiabank reissued an “outperform” rating and set a $19.00 price target on shares of Goldcorp in a research report on Thursday, April 27th. Morgan Stanley reaffirmed an “overweight” rating and issued a $17.00 target price on shares of Goldcorp in a research report on Monday, May 1st. TD Securities reaffirmed a “buy” rating on shares of Goldcorp in a research report on Thursday, June 15th. Jefferies Group LLC set a $15.00 target price on Goldcorp and gave the company a “hold” rating in a research report on Friday, May 19th. Finally, Zacks Investment Research lowered Goldcorp from a “hold” rating to a “sell” rating in a research report on Friday, July 14th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Goldcorp currently has a consensus rating of “Hold” and an average price target of $17.19.
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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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