The Goldcorp (GG) Getting Favorable Media Coverage, Study Finds

The Goldcorp (GG) Getting Favorable Media Coverage, Study Finds

These are some of the headlines that may have effected AlphaOne Sentiment Analysis’s scoring:

News articles about Goldcorp (NYSE:GG) (TSE:G) have trended positive this week, Alpha One Sentiment reports. The research group, a unit of Accern, rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Goldcorp earned a daily sentiment score of 0.30 on Alpha One’s scale. Alpha One also gave media coverage about the basic materials company an impact score of 55 out of 100, indicating that recent news coverage is somewhat likely to have an impact on the company’s share price in the near future.

Several equities analysts have recently commented on the company. Scotiabank reaffirmed an “outperform” rating and issued a $19.00 price target on shares of Goldcorp in a research note on Thursday, April 27th. Royal Bank of Canada upgraded Goldcorp from an “underperform” rating to a “sector perform” rating and upped their price target for the stock from $15.00 to $17.00 in a report on Thursday, March 16th. They noted that the move was a valuation call. Deutsche Bank AG upped their price target on Goldcorp from $15.50 to $16.00 and gave the stock a “hold” rating in a report on Tuesday, March 21st. Morgan Stanley restated an “overweight” rating and set a $17.00 price target on shares of Goldcorp in a report on Monday, May 1st. Finally, Jefferies Group LLC set a $15.00 price target on Goldcorp and gave the stock a “hold” rating in a report on Tuesday, March 14th. Nine analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Goldcorp currently has a consensus rating of “Buy” and a consensus price target of $17.96. Shares of Goldcorp (NYSE:GG) opened at 13.46 on Monday. Goldcorp has a 52-week low of $11.91 and a 52-week high of $20.38. The firm’s 50-day moving average price is $14.07 and its 200-day moving average price is $14.62. The firm has a market capitalization of $11.52 billion, a PE ratio of 46.10 and a beta of 0.12.

Goldcorp (NYSE:GG) last issued its quarterly earnings results on Wednesday, April 26th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.11. Goldcorp had a negative net margin of 114.28% and a positive return on equity of 0.24%. The firm had revenue of $882 million for the quarter, compared to analyst estimates of $929.91 million. During the same period in the previous year, the business earned $0.10 EPS. On average, equities analysts predict that Goldcorp will post $0.36 earnings per share for the current fiscal year. Goldcorp Company Profile

Goldcorp Inc is a gold producer engaged in the operation, exploration, development and acquisition of precious metal properties in Canada, the United States, Mexico, and Central and South America. The Company is engaged in the sale of gold, silver, lead, zinc and copper. The Company’s segments include Red Lake Gold Mines Ontario Partnership (Red Lake), Goldcorp Canada Ltd./Goldcorp Inc (Porcupine), Musselwhite, Les Mines Opinaca Ltee (Eleonore), Minera Penasquito SA de C.V.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “GG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Related posts

Leave a Comment