Canaccord Genuity Reiterates Their Buy Rating on Goldcorp (G)


Yesterday, an analyst has provided a rating update for Goldcorp (G). Canaccord Genuity’s analyst Carey MacRury reiterates their Buy rating on the shares, with a C$21.50 price target.

According to TipRanks.com, MacRury is a 1-star analyst with an average return of -2.3% and a 40.2% 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.

Currently, the analyst consensus on Goldcorp is a Moderate Buy with an average price target of C$18.68, a 47.0% upside from current levels. In a report released yesterday, Cormark Securities also upgraded the stock to Buy with a C$18.50 price target.

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The company has a one-year high of C$19.32 and a one-year low of C$11. Currently, Goldcorp has an average volume of 3.52M.

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 Monday at C$12.71.

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