Goldcorp (NYSE:GG) announced a monthly dividend on Tuesday, February 3rd, Stock Ratings News reports. Stockholders of record on Thursday, February 12th will be paid a dividend of 0.05 per share on Friday, February 20th. This represents a $0.60 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend is Tuesday, February 10th.
A number of research firms have recently commented on GG. Analysts at Canaccord Genuity set a $36.00 price target on shares of Goldcorp and gave the company a “buy” rating in a research note on Tuesday, January 27th. Analysts at JPMorgan Chase & Co. lowered their price target on shares of Goldcorp from $30.00 to $29.00 and set an “overweight” rating on the stock in a research note on Monday, January 26th. Analysts at HSBC downgraded shares of Goldcorp from an “overweight” rating to a “neutral” rating in a research note on Monday, January 26th. Finally, analysts at Barclays lowered their price target on shares of Goldcorp from $30.00 to $26.00 and set an “overweight” rating on the stock in a research note on Thursday, January 15th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $27.49.
Goldcorp (NYSE:GG) traded down 2.29% during mid-day trading on Tuesday, hitting $23.90. 8,761,538 shares of the company’s stock traded hands. Goldcorp has a one year low of $17.01 and a one year high of $29.65. The stock’s 50-day moving average is $20.90 and its 200-day moving average is $23.08. The company’s market cap is $19.455 billion.
Goldcorp Inc (NYSE:GG) is a gold producer engaged in the operation, exploration, development and acquisition of precious metal properties in Canada, the United States, Mexico and Central and South America. As of December 31, 2012, the Company’s producing mining properties were consisted of the Red Lake, Porcupine and Musselwhite gold mines in Canada; the Penasquito gold/silver/lead/zinc mine, Los Filos and El Sauzal gold mines in Mexico; the Marlin gold/silver mine in Guatemala; the Alumbrera gold/copper mine (37.5% interest) in Argentina; the Marigold (66.7% interest) and Wharf gold mines in the United States.
Original Article: http://www.dakotafinancialnews.com/goldcorp-inc-gg-declares-monthly-dividend-of-0-05/35884/
