Analyst Favorites: Goldcorp Ranks As a Top Metals Pick
A study of analyst recommendations at the major brokerages shows that Goldcorp Inc is the #16 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel. The Metals Channel Global Mining Titans Index is comprised of the top fifty global leaders from the metals and mining sector.
According to the ETF Finder at ETF Channel, GG makes up 12.16% of the Gold Miners ETF (GDX) which is trading up by about 0.3% on the day Thursday. GG operates in the Precious Metals sector, among companies like Barrick Gold Corp. (ABX) which is down about 0.2% today, and Newmont Mining Corp. (NEM) trading up by about 0.8%. Below is a three month price history chart comparing the stock performance of GG, versus ABX and NEM. GG is currently trading off about 0.2% midday Thursday.