Goldcorp (GG) Down In Early Morning Trading
Trade-Ideas LLC identified
(
) as a pre-market laggard candidate. In addition to specific proprietary factors, Trade-Ideas identified Goldcorp as such a stock due to the following factors:
- GG has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $187.9 million.
- GG traded 10,121 shares today in the pre-market hours as of 8:30 AM.
- GG is down 2.2% today from yesterday's close.
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More details on GG:
Goldcorp Inc. engages in the acquisition, exploration, development, and operation of precious metal properties in Canada, the United States, Mexico, and Central and South America. The company primarily explores for gold, silver, lead, zinc, and copper. The stock currently has a dividend yield of 0.4%. Currently there are 8 analysts that rate Goldcorp a buy, 2 analysts rate it a sell, and 6 rate it a hold.
The average volume for Goldcorp has been 9.8 million shares per day over the past 30 days. Goldcorp has a market cap of $16.4 billion and is part of the basic materials sector and metals & mining industry. Shares are up 73.9% year-to-date as of the close of trading on Wednesday.
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Analysis:
rates Goldcorp as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the company's return on equity has been disappointing.
Highlights from the ratings report include:
- Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period. Although other factors naturally played a role, the company's strong earnings growth was key. Despite the fact that it has already risen in the past year, there is currently no conclusive evidence that warrants the purchase or sale of this stock.
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Metals & Mining industry. The net income increased by 191.9% when compared to the same quarter one year prior, rising from -$87.00 million to $80.00 million.
- Net operating cash flow has slightly increased to $59.00 million or 1.72% when compared to the same quarter last year. Despite an increase in cash flow, GOLDCORP INC's cash flow growth rate is still lower than the industry average growth rate of 15.05%.
- Despite the weak revenue results, GG has significantly outperformed against the industry average of 45.6%. Since the same quarter one year prior, revenues slightly dropped by 7.2%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
- Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Metals & Mining industry and the overall market, GOLDCORP INC's return on equity significantly trails that of both the industry average and the S&P 500.
- You can view the full Goldcorp Ratings Report.
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