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

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 up 1.1%. By the end of trading, Goldcorp fell $2.34 (-5.7%) to $38.71 on heavy volume. Throughout the day, 18.1 million shares of Goldcorp exchanged hands as compared to its average daily volume of 5.3 million shares. The stock ranged in price between $38.17-$39.67 after having opened the day at $39.59 as compared to the previous trading day's close of $41.05. Other company's within the Metals & Mining industry that declined today were: Cliffs Natural Resources ( CLF), down 5.3%, Westmoreland Coal ( WLB), down 4.5%, Stillwater Mining Company ( SWC), down 4.5%, and Alderon Iron Ore ( AXX), down 4.4%.

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 $32.77 billion and is part of the basic materials sector. The company has a P/E ratio of 18.6, equal to the average metals & mining industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are down 7.2% 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 buy. 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, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front, Lake Shore Gold ( LSG), up 12.6%, Quaterra Resources ( QMM), up 11.4%, Aurizon Mines ( AZK), up 7.1%, and China Precision Steel ( CPSL), up 6.4%, were all gainers within the metals & mining industry with Freeport-McMoRan Copper & Gold ( FCX) being today's featured metals & mining industry winner.

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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