Jefferies Keeps Their Hold Rating on Goldcorp

By Ryan Adsit

Jefferies analyst Chris LaFemina reiterated a Hold rating on Goldcorp (NYSE: GG) yesterday and set a price target of $15. The company’s shares opened today at $13.39.

According to, LaFemina is ranked 0 out of 5 stars with an average return of -11.3% and a 26.3% success rate. LaFemina covers the Basic Materials sector, focusing on stocks such as Newmont Mining Corporation, Randgold Resources Limited, and Anglogold Ashanti Ltd.

Currently, the analyst consensus on Goldcorp is Moderate Buy and the average price target is $16.13, representing a 20.5% upside.

In a report issued on June 12, RBC Capital also reiterated a Hold rating on the stock with a $16 price target.

Goldcorp’s market cap is currently $11.16B and has a P/E ratio of 43.50. The company has a book value ratio of 0.8214.

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Goldcorp, Inc. engages in exploration of gold and other minerals. It operates through the following segments: Red Lake, Porcupine, and Peñasquito. It also has interests in the Cochenour and Borden projects in Canada and the Camino Rojo project in Mexico. The company was founded by Robert Ross McEwen in 1986 and is headquartered in Vancouver, Canada.