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HSBC Securities downgraded Goldcorp (NYSE:GG) from Buy to Hold in a report released today.

HSBC Securities has downgraded Goldcorp (NYSE:GG) from Buy to Hold in a report released on Wednesday November 22, 2017.

Previously on 11/01/2017, RBC Capital Markets reported on Goldcorp (NYSE:GG) increased the target price from $15.00 to $18.00. At the time, this indicated a possible upside of 0.36%.

Yesterday Goldcorp (NYSE:GG) traded -2.39% lower at $13.32. The company’s 50-day moving average is $13.12 and its 200-day moving average is $13.41. The last closing price is down -2.62% from the 200-day moving average, compared to the S&P 500 which has increased 0.01% over the same time period. 6,152,269 shares of the stock traded hands, down from an average trading volume of 6,531,670

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Goldcorp (NYSE:GG)

Goldcorp has a 52 week low of $11.91 and a 52 week high of $17.87 with a P/E ratio of 23.96 The company’s market cap is currently $0.

In addition to HSBC Securities reporting its stock price target, a total of 20 brokers have issued a report on the company. The average stock price target is $19.18 with 1 broker rating the stock a strong buy, 8 brokers rating the stock a buy, 9 brokers rating the stock a hold, 3 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Goldcorp (NYSE:GG)

Goldcorp Inc. 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. The Company is engaged in the sale of gold, silver, lead, zinc and copper. The Company's segments include Red Lake Gold Mines Ontario Partnership (Red Lake), Goldcorp Canada Ltd./Goldcorp Inc. (Porcupine), Musselwhite, Les Mines Opinaca Ltee (Eleonore), Minera Penasquito S.A. de C.V. and Camino Rojo S.A. de C.V. (Penasquito), Desarrollos Mineros San Luis S.A. de C.V. (Los Filos), Montana Exploradora de Guatemala S.A. (Marlin), Oroplata S.A. (Cerro Negro), Corredor SpA (Project Corridor), Minera Alumbrera Limited (Alumbrera), El Morro and Pueblo Viejo Dominicana Corporation (Pueblo Viejo). The Company's principal product is gold dore with the refined gold bullion sold primarily in the London spot market.

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