Looking at top Wall Street opinions, Goldcorp Inc. (NYSE: GG) has recently made its way into the research list of RBC Capital Mkts – signaling that their analyst’s rating adjustment is noteworthy. This stock was downgraded to a rating of Sector Perform in the eyes of RBC Capital Mkts, whereas its previous rating was Outperform in the eyes of RBC Capital Mkts, as reported on Tuesday, February 26th, 2019. Another heavy-hitting research note was published by UBS on Tuesday February 12th, 2019, with this firm downgrading GG to an updated rating of Neutral from its previous rating of Buy. In the past six months and three months of trading, shares of Goldcorp Inc. (GG) have moved by 6.13% and 11.96%, respectively.
Brokerage Updates Related to Goldcorp Inc. (GG) Stock
This publicly-traded organization generated losses of -2.48% over the last 5 sessions. Right now, this stock is the subject of 16 analysts’ evaluations, who – on average – have given this company’s shares a Buy rating. Of the latest market expert opinions, 1 have given an underperform rating, 0 has given a sell rating, and 2 have given a rating of Buy or better. Based on the 16 stock market experts following this company, the average 12-month price target is $12.41. Moreover, individual price targets range between $10.00-$17.50. With its recent move to $12.00, we can see that these firms project this stock will loss by -20.53% in one year.
Updates from Goldcorp Inc. (GG) SEC Form 4
This particular company’s shares have garnered a lot of attention in recent days, as insiders are unloading their holdings while having generated a 0.20% rise since the beginning of the calendar year.
Goldcorp Inc. (NYSE:GG) Results in the Pipeline
The next scheduled release of financial results for Goldcorp Inc. will be for the Dec-18 quarter. As it stands right now, market analysts are anticipating the per-share earnings for the three-month period will be $0.02. In the same vein, they expect sales for the quarter to amount to $833.10 million.
Now let’s turn to earnings surprise history: in the most recent quarter, the company reported about $772.00 million in revenue alongside EPS at $0.07. On average, the analyst projection was calling for $621.00 million with -$0.08 per share in earnings, respectively. In the preceding quarter, this company’s revenue reached $793.00 million, with earnings per share ending up at $0.02.
Barrick Gold Corporation (NYSE:GOLD) experienced a drop of -2.49% from the closing price in the previous trading day. That drove the price to $13.29 per share, as observed on December 31st, 1969, at a time when the total trading volume reached 11,552,218 shares of stock – compared to the typical average of 15.13M shares per day (as recorded over the past three months). The consensus estimate for these shares has been shifted to $14.25.
Pricing Indications for Barrick Gold Corporation (GOLD)
This organization has had a price-to-earnings ratio of in the last year. Meanwhile, it gained 13.25 from its observable 50-day simple moving average. Right at this moment, the per-share value is 7.27% higher than the mean per-share price over the last 200 days in the market.
Barrick Gold Corporation (NYSE:GOLD) In-Depth Brokerage Insights
We can see that a number of brokerage firms are putting their focus onto this stock. Out of this group, 0 have a sell rating, 1 have a Buy rating, 2 have an outperform rating, while 15 provided a Hold rating for these shares – thanks to data from Thomson Reuters I/B/E/S. Additionally, 2 have recommended that these shares are an Underperforming investment. The current consensus recommendation is at 2.90, based on information from Thomson Reuters.
GOLD Stock Value Potential
In trading activity as of late, this stock’s value was 12.39 up from its 200 day moving average, while also 0.26% up when compared against its 50-day simple moving average. Over the course of the past year of trading, the share price stuck in the range of $11.00-$16.51. The market value for the entire organization reached 23.40B. In the last trading session, the price ended the day at $13.63. The institutional holdings related to this organization account for 0.10%, and the Beta factor is now -0.51. This company’s RSI (Relative Strength Index) managed to hit 46.93.
Barrick Gold Corporation (NYSE:GOLD) Analyst Points of Focus
Barrick Gold Corporation (GOLD) has found itself inside of Deutsche Bank’s research list, so their analyst rating adjustment is worth taking note of. This stock was upgraded to Buy, compared to its previous rating of Hold by Deutsche Bank, as garnered from a news report on Wednesday April 10th, 2019. An additional helpful research note was sent out by Desjardins’s on Wednesday March 13th, 2019. The brokerage decided to upgrade GOLD to Buy from its previous rating of Hold.