NEW YORK () -- Shares of Goldcorp ( - ) are down by 1.02% to $15.47 in early afternoon trading on Friday, as the decline in gold prices drives some mining and related stocks into the red today.
Goldcorp is a Vancouver-based gold producer that is engaged in the acquisition, exploration, development and operation of gold properties in North America, Mexico and Central and South America.
A stronger dollar saw gold pullback from a three month high on Friday, the Wall Street Journal reports.
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Assets that are priced in the dollar will struggle as the greenback gains as they can become more expensive to those that hold other currencies.
Gold for December delivery is down by 0.48% to $1,181.80 per ounce on the COMEX this afternoon.
"It's, basically, a Friday after a monster gain, so it's typical to see this market take some profit off the table," Linn & Associates broker Ira Epstein told the Journal.
Separately, TheStreet Ratings team rates GOLDCORP INC as a Sell with a ratings score of D+. TheStreet Ratings Team has this...