A Wall Street analyst has provided a review for the Materials company today, but retained the same rating on the stock. Goldcorp (G) received a Buy rating from Canaccord Genuity’s analyst Carey MacRury, with a C$18.50 price target.
According to TipRanks.com, MacRury is a 1-star analyst with an average return of -1.5% and a 41.8% success rate. MacRury covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Newmont Mining Corporation, and Osisko Gold Royalties Ltd.
Goldcorp has an analyst consensus of Moderate Buy, with a price target consensus of C$18.15, which is a 34.2% upside from current levels. In a report issued on January 7, Cormark Securities also upgraded the stock to Buy with a C$18.50 price target.
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Goldcorp’s market cap is currently C$12.03B and has a P/E ratio of 115.3. The company has a Price to Book ratio of 0.67.
Goldcorp, Inc. engages in the exploration of gold and minerals. It operates through the following segments: Eleonore, Musselwhite, Porcupine, Red Lake, Peñasquito, Cerro Negro, Pueblo Viejo, Other Mines, and Other. The company was founded by Robert Ross McEwen in 1986 and is headquartered in Vancouver, Canada.
The company’s shares closed on Tuesday at C$13.53.
