NEW YORK (

TheStreet

) --

Goldcorp

(NYSE:

GG

) hit a new 52-week high Thursday as it is currently trading at $56.16, above its previous 52-week high of $56.03 with 2.5 million shares traded as of 11:31 a.m. ET. Average volume has been 6.9 million shares over the past 30 days.

Goldcorp has a market cap of $43.5 billion and is part of the

basic materials

sector and

metals & mining

industry. Shares are up 19.8% year to date as of the close of trading on Wednesday.

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Goldcorp Inc. engages in the acquisition, exploration, development, and operation of precious metal properties in Canada, the United States, Mexico, and Central and South America. It produces and sells gold, silver, copper, lead, and zinc. The company has a P/E ratio of 29.1, equal to the average metals & mining industry P/E ratio and above the S&P 500 P/E ratio of 16.9.

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TheStreet Ratings rates Goldcorp as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, compelling growth in net income and impressive record of earnings per share growth. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full

Goldcorp Ratings Report

.

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