Gold for April delivery is retreating by 0.2% to $1,219.20 per ounce on the COMEX this afternoon.
The precious metal is being pressured by increased expectations that the Federal Reserve could raise interest rates in April, the Wall Street Journal reports.
Gold struggles to compete with interest-bearing assets when rates are raised.
Based in Vancouver, Goldcorp is a gold mining company that operates in Canada, the U.S., Mexico and Central and South America.
Separately, 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.
TheStreet Ratings rates this stock as a "sell" with a ratings score of D+. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.
You can view the full analysis from the report here: GG