NEW YORK (TheStreet) -- Goldcorp (GG)  shares are jumping 2.65% to $15.52 on Tuesday as gold futures rebounded after equities turned negative, fueling investors to seek safe haven assets. 

The precious metal was lifted by European and U.S. shares falling on weak earnings updates and lower oil prices, CNBC reports.

Additionally, stocks extended losses after the consumer confidence index dropped to 92.2 in February, compared to 97.8 in January, Reuters said. 

Amid market volatility and the weaker dollar, traders turned to gold.

Gold for April delivery is rising 1.33% to $1,226.20 per ounce on the COMEX this afternoon. 

Based in Vancouver, Goldcorp engages in the acquisition, exploration, development, and operation of precious metal properties in Canada, the U.S., Mexico, and Central and South America.

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

TheStreet Recommends

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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