Cormark Comments on Goldcorp Inc.’s Q3 2017 Earnings (G)

Goldcorp Inc. (TSE:G) (NYSE:GG) – Research analysts at Cormark decreased their Q3 2017 earnings per share (EPS) estimates for shares of Goldcorp in a note issued to investors on Monday. Cormark analyst R. Gray now anticipates that the company will earn $0.13 per share for the quarter, down from their previous forecast of $0.15.

G has been the topic of several other reports. Canaccord Genuity raised shares of Goldcorp from a “hold” rating to a “buy” rating and increased their target price for the stock from C$19.50 to C$21.00 in a research report on Friday, September 29th. TD Securities lowered their target price on shares of Goldcorp to C$25.00 and set a “buy” rating on the stock in a research report on Friday, August 4th. Finally, National Bank Financial lowered their target price on shares of Goldcorp from C$22.50 to C$22.00 and set a “sector perform” rating on the stock in a research report on Friday, July 28th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of C$22.67.

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Shares of Goldcorp (TSE G) opened at 16.38 on Tuesday. Goldcorp has a 52-week low of $15.56 and a 52-week high of $23.35. The stock has a market cap of $14.17 billion and a P/E ratio of 30.06. The firm’s 50-day moving average price is $16.47 and its 200-day moving average price is $17.55.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Thursday, September 14th were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.49%. The ex-dividend date was Tuesday, September 12th.

Goldcorp Company Profile

Goldcorp Inc is a gold producer engaged in the operation, exploration, development and acquisition of precious metal properties in Canada, the United States, Mexico, and Central and South America. The Company is engaged in the sale of gold, silver, lead, zinc and copper. The Company’s segments include Red Lake Gold Mines Ontario Partnership (Red Lake), Goldcorp Canada Ltd./Goldcorp Inc (Porcupine), Musselwhite, Les Mines Opinaca Ltee (Eleonore), Minera Penasquito SA de C.V.

Earnings History and Estimates for Goldcorp (TSE:G)

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