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

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Goldcorp ( GG) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining laggard. The industry as a whole closed the day down 2.7%. By the end of trading, Goldcorp fell $0.77 (-3.2%) to $23.28 on average volume. Throughout the day, 6,059,269 shares of Goldcorp exchanged hands as compared to its average daily volume of 7,993,800 shares. The stock ranged in price between $23.25-$23.94 after having opened the day at $23.87 as compared to the previous trading day's close of $24.05. Other companies within the Metals & Mining industry that declined today were: Quaterra Resources ( QMM), down 14.8%, Golden Star Resources ( GSS), down 14.8%, Minco Gold Corporation ( MGH), down 14.7% and Golden Minerals ( AUMN), down 14.6%.

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 $19.5 billion and is part of the basic materials sector. Shares are up 11.0% year to date as of the close of trading on Friday. Currently there are 14 analysts that rate Goldcorp a buy, 1 analyst rates 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, deteriorating net income and disappointing return on equity.

On the positive front, Augusta Resource Corporation ( AZC), up 7.6%, China Gerui Advanced Materials Group ( CHOP), up 6.0%, General Steel Holdings ( GSI), up 5.0% and Kingold Jewelry ( KGJI), up 4.4% , were all gainers within the metals & mining industry with Cameco ( CCJ) being today's featured metals & mining industry leader.

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).

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