A study of analyst recommendations at the major brokerages shows
that Goldcorp Inc (Symbol: GG) is the #25 broker analyst pick, on
average, out of the 50 stocks making up the
Metals Channel Global Mining Titans Index
, according to
. The Metals Channel Global Mining Titans Index is comprised of the
top fifty global leaders from the metals and mining sector. The
companies listed in the Metals Channel Global Mining Titans Index
are not fixed, but instead variable - updating on a continuous
basis to reflect the changing market environment with respect to
commodity prices, government policy and market volatility.
From the other direction, when companies have a low rank among
analysts, it isn't necessarily the case that investors should
conclude that the stock will perform poorly. It can, of course, but
a bullish investor could also take the contrarian angle and read
into the data that there is lots of room for upside because the
stock is so out of favor.
According to the ETF Finder at ETF Channel, GG makes up 13.55% of
the Gold Miners ETF (
) which is trading lower by about 1% on the day Thursday.
GG operates in the Precious Metals sector, among companies like
Barrick Gold Corp. (
) which is off about 0.5% today, and Newmont Mining Corp. (
) trading lower by about 1.3%. Below is a three month price history
chart comparing the stock performance of GG, versus ABX and NEM.
GG is currently trading off about 1.7% midday Thursday.
Analyst Favorites of the Metals Channel Global
Mining Titans Index »