Is Goldcorp Inc (NYSE:GG)’s Fuel Running High? Reports Show Less Sellers

Goldcorp Inc. (NYSE:GG) Logo

The stock of Goldcorp Inc (NYSE:GG) registered a decrease of 7.29% in short interest. GG’s total short interest was 14.05 million shares in June as published by FINRA. Its down 7.29% from 15.16 million shares, reported previously. With 8.79M shares average volume, it will take short sellers 2 days to cover their GG’s short positions. The short interest to Goldcorp Inc’s float is 1.63%.

It closed at $11.19 lastly. It is up 0.00% since June 9, 2018 and is . It has underperformed by 4.43% the S&P500.

Goldcorp Inc. acquires, explores for, develops, and operates precious metal properties in Canada, the United States, Mexico, and Central and South America. The company has market cap of $9.25 billion. It primarily explores for gold, silver, lead, zinc, and copper deposits. It currently has negative earnings. The company’s principal producing mining properties include the Red Lake, Porcupine, Musselwhite, and Éléonore mines in Canada; the Peñasquito mine in Mexico; the Cerro Negro mine in Argentina; and the Pueblo Viejo mine in the Dominican Republic.

Goldcorp Inc. (NYSE:GG) Ratings Coverage

Among 4 analysts covering Goldcorp (NYSE:GG), 0 have Buy rating, 0 Sell and 4 Hold. Therefore 0 are positive. Goldcorp had 8 analyst reports since January 9, 2019 according to SRatingsIntel. UBS downgraded the stock to “Neutral” rating in Tuesday, February 12 report. On Tuesday, February 26 the stock rating was downgraded by RBC Capital Markets to “Hold”. Deutsche Bank maintained it with “Hold” rating and $12 target in Wednesday, April 10 report. Vertical Research downgraded the shares of GG in report on Wednesday, January 9 to “Hold” rating.

More notable recent Goldcorp Inc. (NYSE:GG) news were published by: which released: “Gold Mid-Tiers’ Q1 2019 Fundamentals - Seeking Alpha” on May 25, 2019, also with their article: “Paulson no longer opposes Newmont-Goldcorp merger - Bloomberg - Seeking Alpha” published on March 25, 2019, published: “Newmont-Goldcorp merger cleared by Canadian regulator - Seeking Alpha” on February 19, 2019. More interesting news about Goldcorp Inc. (NYSE:GG) were released by: and their article: “Goldcorp: Not The Payday That Shareholders Envisioned - Seeking Alpha” published on January 18, 2019 as well as‘s news article titled: “Investors Have Little Reason to Stick With Goldcorp Stock -” with publication date: April 03, 2019.

Goldcorp Inc. (NYSE:GG) Ratings Chart

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