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Actionable news in GG: GOLDCORP Inc,

Will Goldcorp (GG) Stock Move Higher With Advancing Gold Prices?

NEW YORK (TheStreet) -- Goldcorp (GG - Get Report) shares are slumping 5.24% to $11.84 on Monday despite higher gold prices.

Gold for February delivery is climbing 0.13% to $1,099.30 on the COMEX this afternoon.

Futures for the yellow metal are rising on China's stock market volatility as investors seek safe haven assets.

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"If there is continued weakness in stocks, then we expect gold prices to move higher," said Seamus Donoghue, CEO at Allocated Bullion Solutions, according to the Wall Street Journal.

Last week, trading on the Chinese stock markets were halted by circuit breakers.

Based in Vancouver, Goldcorp engages in the acquisition, exploration, development, and operation of precious metal properties in Canada, the U.S., Mexico, and Central and South America.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's...


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