A Wall Street analyst has provided a review for the Materials company today, but retained the same rating on the stock. Analyst Josh Wolfson from Desjardins rated Goldcorp (G) a Hold, setting a C$18 price target.
According to TipRanks.com, Wolfson is a 2-star analyst with an average return of 0.0% and a 48.2% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Randgold Resources Limited, and Osisko Gold Royalties Ltd.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Goldcorp with a C$18.38 average price target, representing a 44.6% upside. In a report released today, Macquarie also downgraded the stock to Hold.
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Based on Goldcorp’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of C$132 million. In comparison, last year the company had a net profit of C$308 million.
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.
