NEW YORK (TheStreet) -- Shares of Goldcorp (GG) are up 0.25% to $18.41 late Monday morning as gold prices climb for a second consecutive trading session.

For August delivery, gold is advancing 0.43% to $1,328.10 per ounce on the COMEX this morning.

The price of the precious metal is increasing today amid higher safe-haven demand following the U.K.'s decision to exit the European Union, the Wall Street Journal reports.

The metal is traditionally seen as a safe haven in periods of financial or political volatility.

Additionally, gold is getting a boost from concerns over what the so-called "Brexit" will mean for the political and economic landscape, the Journal noted.

"There's a lot of uncertainty around, and it's not surprising there's been a pickup in safe-haven buying," William Adams, head of research at Fast Markets, told the Journal. "Until there's less uncertainty I think bullion prices will be supportive."

Goldcorp is a Vancouver-based gold producer engaged in the operation, exploration, development and acquisition of precious metal properties in Canada, the U.S., Mexico, and Central and South America.

Separately, TheStreet Ratings Team has a "hold" rating and score of C- on the stock.

The primary factors that have impacted the rating are mixed. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income and largely solid financial position with reasonable debt levels by most measures.

But the team also finds that the company's return on equity has been disappointing.

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 article's author.

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

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