Are Analysts Bearish Goldcorp Inc. (TSE:G) After Last Week?

Out of 13 analysts covering Goldcorp Inc. (TSE:G), 6 rate it “Buy”, 1 “Sell”, while 7 “Hold”. This means 43% are positive. Goldcorp Inc. was the topic in 11 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Below is a list of Goldcorp Inc. (TSE:G) latest ratings and price target changes.

25/02/2016 Broker: RBC Capital Markets Rating: Sector Perform Maintain
04/02/2016 Broker: JP Morgan Rating: Overweight Initiate
04/02/2016 Broker: RBC Capital Markets Rating: Sector Perform New Target: $19.50 Maintain
14/01/2016 Broker: Canaccord Genuity Rating: Buy Old Target: $26.00 New Target: $21.50 Target Down
16/12/2015 Broker: Sidoti Old Rating: Neutral New Rating: Buy Upgrade
26/10/2015 Broker: RBC Capital Markets Rating: Sector Perform Maintain

The stock decreased 0.66% or $0.14 on April 1, hitting $20.93. About 3.09M shares traded hands. Goldcorp Inc. (TSE:G) has risen 19.87% since August 26, 2015 and is uptrending. It has outperformed by 13.06% the S&P500.

Goldcorp Inc. is a gold producer engaged in the acquisition, exploration, development and operation of gold properties in Canada, the United States, Mexico and Central and South America. The company has a market cap of $17.23 billion. The Company’s principal products are gold and the byproduct silver, copper, lead and zinc. It currently has negative earnings.

The institutional sentiment decreased to 1.09 in 2015 Q3. Its down 0.49, from 1.58 in 2015Q2. The ratio worsened, as 24 funds sold all Goldcorp Inc. shares owned while 54 reduced positions. 24 funds bought stakes while 61 increased positions. They now own 181.06 million shares or 0.36% more from 180.41 million shares in 2015Q2.

Bain Capital Investors Llc holds 19.36% of its portfolio in Goldcorp Inc. for 57.54 million shares. Dalton Investments Llc owns 285,600 shares or 3.39% of their US portfolio. Moreover, Eminence Capital Lp has 2.91% invested in the company for 8.02 million shares. The North Carolina-based Global Endowment Management Lp has invested 2.35% in the stock. Sensato Investors Llc, a California-based fund reported 498,996 shares.

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