Goldcorp Rises On Unusually High Volume (GG)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Goldcorp (NYSE: GG) is trading at unusually high volume Tuesday with 10.6 million shares changing hands. It is currently at 2.2 times its average daily volume and trading up 91 cents (+2.6%) at $36.13 as of 3:20 p.m. ET.

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Goldcorp has a market cap of $29 billion and is part of the basic materials sector and metals & mining industry. Shares are down 2.6% year to date as of the close of trading on Monday.

Goldcorp Inc. engages in the acquisition, development, exploration, and operation of precious metal properties. It primarily explores gold, silver, copper, lead, and zinc. The company has a P/E ratio of 19.2, above the S&P 500 P/E ratio of 17.7.

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 reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, a generally disappointing performance in the stock itself and disappointing return on equity. You can view the full Goldcorp Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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