Goldcorp Inc. (GG): Today's Featured Metals & Mining Laggard
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining laggard. The industry as a whole closed the day down 0.4%. By the end of trading, Goldcorp fell $0.63 (-2.3%) to $26.53 on average volume. Throughout the day, 8,525,808 shares of Goldcorp exchanged hands as compared to its average daily volume of 7,621,100 shares. The stock ranged in price between $26.45-$27.61 after having opened the day at $27.12 as compared to the previous trading day's close of $27.16. Other companies within the Metals & Mining industry that declined today were:
(
), down 10.0%,
(
), down 9.1%,
(
), down 9.1% and
(
), down 7.8%.
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 $20.9 billion and is part of the basic materials sector. Shares are down 26.0% year to date as of the close of trading on Tuesday. 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 24.1%,
(
), up 18.8%,
(
), up 10.2% and
(
), up 9.4% , were all gainers within the metals & mining industry with
(
) being today's featured metals & mining industry leader.
- Use our metals & mining section to find industry-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 metals & mining industry could consider
(
) while those bearish on the metals & mining industry could consider
PowerShares DB Base Metals Sht ETN
(
).
- Find other investment ideas from our top rated ETFs lists.
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