Goldcorp Inc. (TSE:G) (NYSE:GG) – Equities research analysts at Jefferies Group lifted their FY2018 earnings per share estimates for shares of Goldcorp in a note issued to investors on Friday, Zacks Investment Research reports. Jefferies Group analyst C. Lafemina now expects that the company will post earnings of $0.68 per share for the year, up from their previous estimate of $0.66. Jefferies Group also issued estimates for Goldcorp’s FY2020 earnings at $0.99 EPS.
G has been the topic of several other research reports. Royal Bank of Canada upgraded Goldcorp from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from C$15.00 to C$18.00 in a research note on Wednesday, November 1st. Eight Capital reiterated a “buy” rating on shares of Goldcorp in a research note on Thursday, November 16th. Scotiabank dropped their price target on Goldcorp to C$22.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 31st. CIBC downgraded Goldcorp from a “buy” rating to a “sell” rating in a research note on Thursday, November 30th. Finally, Canaccord Genuity boosted their price target on Goldcorp from C$21.00 to C$21.50 in a research note on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. Goldcorp currently has an average rating of “Buy” and an average target price of C$21.87.
Goldcorp (TSE G) traded up C$0.03 during trading on Monday, reaching C$19.13. The company’s stock had a trading volume of 5,481,856 shares, compared to its average volume of 2,352,672. The stock has a market cap of $16,590.00, a P/E ratio of 25.51 and a beta of -0.53. Goldcorp has a twelve month low of C$15.00 and a twelve month high of C$23.35.
Goldcorp (TSE:G) (NYSE:GG) last announced its earnings results on Wednesday, October 25th. The company reported C$0.11 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of C$0.11. Goldcorp had a return on equity of 3.20% and a net margin of 12.82%.
The business also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Friday, December 22nd were paid a $0.02 dividend. The ex-dividend date was Wednesday, December 13th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.42%. Goldcorp’s payout ratio is 10.67%.
In other Goldcorp news, Director De La Vega Blanca Treviño purchased 7,150 shares of Goldcorp stock in a transaction that occurred on Friday, November 17th. The stock was bought at an average price of C$13.45 per share, with a total value of C$96,167.50. Also, insider Russell David Ball sold 3,000 shares of the company’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of C$16.91, for a total value of C$50,730.00. Insiders sold 6,589 shares of company stock worth $106,887 in the last 90 days.
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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.
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