In a report issued on September 19, Andrew Breichmanas from BMO Capital reiterated a Hold rating on Goldcorp (NYSE: GG), with a price target of $16. The company’s shares opened today at $10.65, close to its 52-week low of $9.89.
According to TipRanks.com, Breichmanas is a 3-star analyst with an average return of 9.1% and a 42.9% success rate. Breichmanas covers the Basic Materials sector, focusing on stocks such as Agnico Eagle, Barrick Gold, and IAMGOLD Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Goldcorp with a $16.60 average price target.
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The company has a one-year high of $15.55 and a one-year low of $9.89. Currently, Goldcorp has an average volume of 5.91M.
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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.
