Goldcorp Inc. (GG): Today's Featured Basic Materials Laggard
(
) pushed the Basic Materials sector lower today making it today's featured Basic Materials laggard. The sector as a whole closed the day up 0.5%. By the end of trading, Goldcorp fell $0.49 (-2.0%) to $23.59 on average volume. Throughout the day, 7,468,136 shares of Goldcorp exchanged hands as compared to its average daily volume of 8,075,800 shares. The stock ranged in price between $23.52-$24.68 after having opened the day at $24.55 as compared to the previous trading day's close of $24.08. Other companies within the Basic Materials sector that declined today were:
(
), down 51.0%,
(
), down 13.2%,
(
), down 11.5% and
(
), down 11.4%.
Goldcorp Inc. engages in the acquisition, development, exploration, and operation of precious metal properties in Canada, the United States, Mexico, and Central and South America. It primarily explores for gold ores, as well as for silver, copper, lead, and zinc ores. Goldcorp has a market cap of $20.2 billion and is part of the metals & mining industry. Shares are down 34.4% year to date as of the close of trading on Friday. Currently there are 16 analysts that rate Goldcorp a buy, 1 analyst rates it a sell, and 4 rate it a hold.
TheStreet Ratings rates
Goldcorp
as a
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, disappointing return on equity and weak operating cash flow.
- You can view the full Goldcorp Ratings Report.
On the positive front,
(
), up 44.8%,
(
), up 26.3%,
(
), up 23.3% and
(
), up 14.1% , were all gainers within the basic materials sector with
(
) being today's featured basic materials sector leader.
- Use our basic materials section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider
(
) while those bearish on the basic materials sector could consider
ProShares Short Basic Materials Fd
(
).
- Find other investment ideas from our top rated ETFs lists.
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