Friday, May 20, 2011

Goldcorp (GG) Attracts Positive Analyst Attention

A number of analysts commented on different aspects of Goldcorp (NYSE:GG) recent, with the majority of them taking on a bullish tone.

JPMorgan (NYSE:JPM) recently boosted its price target on Goldcorp from $60 to $68.

Deutsche Bank (NYSE:DB) also recently upgraded Goldcorp from a "Hold" rating to a "Buy" rating.

Also upgrading the gold mining giant was HSBC (NYSE:HBC), which boosted the company from a "Neutral" to an "Overweight."

Goldcorp Inc. participates in the acquisition, exploration, development, and operation of precious metal properties in North and South America.

Goldcorp closed Thursday at $48.36, dropping $0.29, or 0.60 percent.

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