Goldcorp Stock Hits New 52-Week Low (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) hit a new 52-week low Thursday as it is currently trading at $22.77, below its previous 52-week low of $25.54 with 2.4 million shares traded as of 10:40 a.m. ET. Average volume has been 7.8 million shares over the past 30 days.

Goldcorp has a market cap of $19.04 billion and is part of the basic materials sector and metals & mining industry. Shares are down 39.1% year to date as of the close of trading on Wednesday.

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 13.2, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Goldcorp as a hold. The company's strengths can be seen in multiple areas, such as its 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 feeble growth in the company's earnings per share, disappointing return on equity and weak operating cash flow. You can view the full Goldcorp Ratings Report.

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