Goldcorp Inc. (GG): Today's Featured Basic Materials Laggard

Goldcorp was a leading decliner within the basic materials sector, falling $0.49 (-2.0%) to $23.59 on average volume
By TheStreet Wire ,

Goldcorp

(

GG

) 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:

Sibanye Gold Ltd ADR

(

SBGL

), down 51.0%,

USEC

(

USU

), down 13.2%,

Alderon Iron Ore

(

AXX

), down 11.5% and

Cardero Resources Corporation

(

CDY

), 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

hold

. 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.

On the positive front,

Crosshair Energy

(

CXZ

), up 44.8%,

Kimber Resources

(

KBX

), up 26.3%,

Lone Pine Resources

(

LPR

), up 23.3% and

Lucas Energy

(

LEI

), up 14.1% , were all gainers within the basic materials sector with

Valero Energy Corporation

(

VLO

) being today's featured basic materials sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider

Materials Select Sector SPDR

(

XLB

) while those bearish on the basic materials sector could consider

ProShares Short Basic Materials Fd

(

SBM

).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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