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Goldcorp (GG) Gets a Hold Rating from Jefferies


In a report released today, Chris LaFemina from Jefferies reiterated a Hold rating on Goldcorp (NYSE: GG), with a price target of $11.50. The company’s shares opened today at $10.13, close to its 52-week low of $9.75.

According to TipRanks.com, LaFemina is a 1-star analyst with an average return of -0.5% and a 51.9% success rate. LaFemina covers the Basic Materials sector, focusing on stocks such as Cloud Peak Energy Inc, Freeport-McMoRan, and Rio Tinto Plc.

Goldcorp has an analyst consensus of Moderate Buy, with a price target consensus of $16.17, implying a 59.6% upside from current levels. In a report issued on September 25, Citigroup also downgraded the stock to Hold.

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Goldcorp’s market cap is currently $8.68B and has a P/E ratio of 29.38. The company has a Price to Book ratio of 0.62.

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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.