Goldcorp Inc. (GG): Today's Featured Metals & Mining Loser
(
) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining loser. The industry as a whole closed the day up 0.8%. By the end of trading, Goldcorp fell $1.36 (-3.6%) to $36.34 on average volume. Throughout the day, 6.3 million shares of Goldcorp exchanged hands as compared to its average daily volume of 6.1 million shares. The stock ranged in price between $35.94-$38.04 after having opened the day at $37.96 as compared to the previous trading day's close of $37.70. Other company's within the Metals & Mining industry that declined today were:
(
), down 17.6%,
China Shen Zhou Mining & Resources
(
), down 10.7%,
(
), down 10.2%, and
TheStreet Recommends
(
), down 10%.
Goldcorp Inc. engages in the acquisition, development, exploration, and operation of precious metal properties. It primarily explores gold, silver, copper, lead, and zinc. Goldcorp has a market cap of $30.55 billion and is part of the
sector. The company has a P/E ratio of 17.3, below the average metals & mining industry P/E ratio of 20.7 and below the S&P 500 P/E ratio of 17.7. Shares are down 14.8% year to date as of the close of trading on Friday. Currently there are 14 analysts that rate Goldcorp a buy, no analysts rate it a sell, and three rate it a hold.
TheStreet Ratings rates Goldcorp as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and weak operating cash flow.
- You can view the full Goldcorp Ratings Report.
On the positive front,
(
), up 17%,
(
), up 14.9%,
(
), up 13.3%, and
(
), up 8.5%, were all gainers within the metals & mining industry with
Freeport-McMoRan Copper & Gold
(
) being today's featured metals & mining industry winner.
- Use our metals & mining section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the metals & mining industry could consider
(
) while those bearish on the metals & mining industry could consider
PowerShares DB Base Metals Sht ETN
(
).
- Find other investment ideas from our top rated ETFs lists.
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