NEW YORK (TheStreet) -- Goldcorp (GG)  shares are popping 4.47% to $16.12 on Wednesday as investors flock to safe haven assets after U.S. equities opened sharply lower today. 

Gold usually benefits when markets are unstable.

Gold for April delivery is spiking 1.91% to $1,245.90 per ounce on the COMEX this afternoon.

Despite gold's positive movement today, the precious metal could slide towards its 21-day moving-average price at $1,185 per ounce, Bloomberg reports. 

But the bigger picture still remains bullish for gold and its miners, Bloomberg added. 

Separately, TheStreet Ratings currently has a "Sell" rating on the stock with a letter grade of D. 

The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity and generally disappointing historical performance in the stock itself.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: GG

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