Goldcorp Inc. (GG): Today's Featured Metals & Mining Loser - TheStreet

Goldcorp

(

GG

) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining loser. The industry as a whole closed the day down 5.1%. By the end of trading, Goldcorp fell $1.68 (-4.3%) to $37.17 on average volume. Throughout the day, 5.6 million shares of Goldcorp exchanged hands as compared to its average daily volume of 6.4 million shares. The stock ranged in price between $37.14-$38.27 after having opened the day at $38.15 as compared to the previous trading day's close of $38.85. Other company's within the Metals & Mining industry that declined today were:

L & L Energy

(

LLEN

), down 15.3%,

Patriot Coal Corporation

(

PCX

), down 14.2%,

Golden Minerals

(

AUMN

), down 13.4%, and

McEwen Mining

(

MUX

), down 11.5%.

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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 $31.94 billion and is part of the

basic materials

sector. The company has a P/E ratio of 18.1, below the average metals & mining industry P/E ratio of 21.7 and above the S&P 500 P/E ratio of 17.7. Shares are down 10.9% year to date as of the close of trading on Wednesday. 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

hold

. 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.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the metals & mining industry could consider

SPDR S&P Metals & Mining ETF

(

XME

) while those bearish on the metals & mining industry could consider

PowerShares DB Base Metals Sht ETN

(

BOS

).

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