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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) hit a new 52-week low Wednesday as it is currently trading at $31.49, below its previous 52-week low of $31.54 with 4.5 million shares traded as of 12:10 p.m. ET. Average volume has been 5.8 million shares over the past 30 days. Goldcorp has a market cap of $27.14 billion and is part of the basic materials sector and metals & mining industry. Shares are down 11.7% year to date as of the close of trading on Tuesday. Goldcorp Inc. engages in the acquisition, development, exploration, and operation of precious metal properties in Canada, the United States, Mexico, and Central and South America. It primarily explores for gold ores, as well as for silver, copper, lead, and zinc ores. The company has a P/E ratio of 17.1, below the S&P 500 P/E ratio of 17.7.