NEW YORK (TheStreet) — Goldcorp (NYSE:GG) hit a new 52-week high Wednesday as it is currently trading at $55.42, above its previous 52-week high of $54.72 with 1.1 million shares traded as of 10:02 a.m. ET. Average volume has been 7.1 million shares over the past 30 days.
Goldcorp has a market cap of $42.9 billion and is part of the basic materials sector and metals & mining industry. Shares are up 18.9% year to date as of the close of trading on Tuesday.
Goldcorp Inc. engages in the acquisition, exploration, development, and operation of precious metal properties in Canada, the United States, Mexico, and Central and South America. The company produces and sells gold, silver, and copper. It also holds interests in lead and zinc projects. The company has a P/E ratio of 28.7, equal to the average metals & mining industry P/E ratio and above the S&P 500 P/E ratio of 16.3.
