G&K (TSE:G) Share Price May Be About to Change Direction; Sidoti Upgrades The Company.


G&K (TSE:G) Stock Upgrade

In an analyst note released on Wednesday, 16 December, Sidoti lifted shares of G&K (TSE:G) to a solid Buy rating from their previous Neutral rating.

From a total of 11 analysts covering Goldcorp Inc. (TSE:G) stock, 8 rate it a ”Buy”, 1 a “Sell”, and 1 a ”Hold”. This means that 80% of the ratings are positive. The highest target price is $22 while the lowest target price is $14.56. The mean of all analyst targets is $18.28 with a 173.75% above today’s ($15.77) stock price. Goldcorp Inc. was the topic of 6 analyst reports since July 31, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on October 26 with “Sector Perform” rating. Mackie upgraded G stock in a recent report from August 4 to “Buy” rating.

Approximately 2.51M shares of stock traded hands or 50.30% up from the average. Goldcorp Inc. (TSE:G) has declined 34.47% since May 13, 2015 and is downtrending. It has underperformed by 31.84% the S&P500.

 G&K (TSE:G) Share Price May Be About to Change Direction; Sidoti Upgrades The Company.

The overall sentiment of institutions has decreased to 1.09 in Q2 2015. Its down 0.49, from 1.58 in 2015Q2. The ratio dived, as 24 institutions have sold all the shares of Goldcorp Inc. that they owned while 54 funds have taken shares off the table. 24 funds have purchased shares for the first time while 61 added to their positions. These institutions now hold 181.06 million shares or 0.36% more than the 180.41 million shares they owned in 2015Q2.

The Fund Bain Capital Investors Llc currently is holding shares equating to 19.36% of its total portfolio in Goldcorp Inc. representing a total of 57.54 million shares. Another fund,Dalton Investments Llc, is holding a total of 285,600 shares equating to 3.39% of their holdings. Additionally, Eminence Capital Lp has a 8.02 million share stake in Goldcorp Inc. which represents 2.91% of their total portfolio. The Fund, Global Endowment Management Lp, based out of North Carolina, has also built up a stake in the stock, which represents a total of 2.35% of their total portfolio. Finally Sensato Investors Llc, a fund which is based in the state of California reported a total holdings of 498,996 shares.

Goldcorp Inc. is a gold producer engaged in the acquisition, exploration, development and operation of gold properties in Canada, the United States, Mexico and Central and South America. The company has a market cap of $13.10 billion. The Company’s principal products are gold and the byproduct silver, copper, lead and zinc. It currently has negative earnings.

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