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

Goldcorp ( GG) pushed the Metals & Mining industry higher today making it today's featured metals & mining winner. The industry as a whole closed the day up 3.3%. By the end of trading, Goldcorp rose $1.94 (8.5%) to $24.73 on heavy volume. Throughout the day, 13,897,981 shares of Goldcorp exchanged hands as compared to its average daily volume of 7,825,500 shares. The stock ranged in a price between $22.44-$24.80 after having opened the day at $22.48 as compared to the previous trading day's close of $22.79. Other companies within the Metals & Mining industry that increased today were: International Tower Hill Mines ( THM), up 25.0%, Alexco Resource ( AXU), up 23.0%, Sandstorm Gold ( SAND), up 19.6% and Fortuna Silver Mines ( FSM), up 18.2%.

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. Goldcorp has a market cap of $18.2 billion and is part of the basic materials sector. The company has a P/E ratio of 16.1, below the S&P 500 P/E ratio of 17.7. Shares are down 37.9% year to date as of the close of trading on Thursday. Currently there are 15 analysts that rate Goldcorp a buy, no analysts rate it a sell, and 5 rate it a hold.

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.

On the negative front, Golden Star Resources ( GSS), down 16.0%, Mines Management ( MGN), down 14.5%, Dominion Diamond ( DDC), down 14.4% and United States Antimony Corporation ( UAMY), down 12.6% , were all laggards within the metals & mining industry with Nucor ( NUE) being today's metals & mining industry laggard.

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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
null

If you liked this article you might like

These Stocks Have Changed Direction

Intermediate Trade: Goldcorp

5 Precious Metals Plays on the 'Trumpcare' Fallout

Gold and Gold Stocks Lost Their Luster Since Post-Election Highs

Bullish and Bearish Reversals in the Market