Shares of Goldcorp Inc. (TSE:G) (NYSE:GG) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$15.53 and last traded at C$15.96, with a volume of 1541600 shares trading hands. The stock had previously closed at C$16.14.
A number of analysts have issued reports on the company. Canaccord Genuity lifted their price objective on Goldcorp from C$21.00 to C$21.50 in a research note on Thursday, October 26th. J P Morgan Chase & Co lifted their price objective on Goldcorp from C$21.00 to C$23.60 in a research note on Wednesday, November 15th. Eight Capital reaffirmed a “buy” rating on shares of Goldcorp in a research note on Thursday, November 16th. Royal Bank Of Canada raised Goldcorp from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from C$15.00 to C$18.00 in a research note on Wednesday, November 1st. Finally, Scotiabank reduced their price objective on Goldcorp to C$22.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. Goldcorp has an average rating of “Buy” and a consensus price target of C$22.35.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 22nd will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date is Wednesday, December 13th. Goldcorp’s payout ratio is currently 10.53%.
In other Goldcorp news, insider Russell David Ball sold 3,000 shares of the company’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of C$16.91, for a total value of C$50,730.00. Also, Director De La Vega Blanca Treviño bought 7,150 shares of the stock in a transaction on Friday, November 17th. The stock was purchased at an average price of C$13.45 per share, with a total value of C$96,167.50. Insiders sold a total of 6,659 shares of company stock valued at $108,828 over the last quarter.
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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