Trade-Ideas LLC identified

Goldcorp

(

GG

) 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 $159.7 million.
  • GG traded 27,244 shares today in the pre-market hours as of 8:24 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 7 rate it a hold.

The average volume for Goldcorp has been 10.7 million shares per day over the past 30 days. Goldcorp has a market cap of $15.4 billion and is part of the basic materials sector and metals & mining industry. Shares are up 59.8% year-to-date as of the close of trading on Tuesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Goldcorp as a

sell

. Among the areas we feel are negative, one of the most important has been an overall disappointing return on equity.

Highlights from the ratings report include:

  • 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.
  • After a year of stock price fluctuations, the net result is that GG's price has not changed very much. Although its weak earnings growth may have played a role in this flat result, don't lose sight of the fact that the performance of the overall market, as measured by the S&P 500 Index, was essentially similar. The fact that the stock is now selling for less than others in its industry in relation to its current earnings is not reason enough to justify a buy rating at this time.
  • Despite the weak revenue results, GG has significantly outperformed against the industry average of 43.5%. 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.
  • GOLDCORP INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, GOLDCORP INC reported poor results of -$5.06 versus -$2.67 in the prior year. This year, the market expects an improvement in earnings ($0.30 versus -$5.06).
  • 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.

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