Goldcorp Inc. (TSE:G) (NYSE:GG) – Stock analysts at Desjardins boosted their FY2017 earnings per share (EPS) estimates for shares of Goldcorp in a note issued to investors on Friday. Desjardins analyst J. Wolfson now forecasts that the company will earn $0.65 per share for the year, up from their previous forecast of $0.64. Desjardins currently has a “Hold” rating on the stock. Desjardins also issued estimates for Goldcorp’s Q4 2017 earnings at $0.16 EPS, FY2018 earnings at $0.68 EPS, Q1 2019 earnings at $0.26 EPS, Q2 2019 earnings at $0.26 EPS and FY2019 earnings at $1.08 EPS.
Goldcorp (TSE:G) (NYSE:GG) last posted its earnings results on Wednesday, October 25th. The company reported C$0.11 EPS for the quarter, meeting analysts’ consensus estimates of C$0.11. Goldcorp had a return on equity of 3.20% and a net margin of 12.82%.
A number of other brokerages also recently issued reports on G. CIBC downgraded Goldcorp from a “buy” rating to a “sell” rating in a research report on Thursday, November 30th. Eight Capital restated a “buy” rating on shares of Goldcorp in a research report on Thursday, November 16th. JPMorgan Chase & Co. raised their price target on Goldcorp from C$21.00 to C$23.60 in a research report on Wednesday, November 15th. Royal Bank of Canada upgraded Goldcorp from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from C$15.00 to C$18.00 in a research report on Wednesday, November 1st. Finally, Scotiabank lowered their price target on Goldcorp to C$22.00 and set an “outperform” rating for the company in a research report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of C$22.35.
Goldcorp (TSE G) opened at C$19.10 on Monday. The company has a market capitalization of $16,560.00, a P/E ratio of 25.47 and a beta of -0.53. Goldcorp has a 52-week low of C$15.00 and a 52-week high of C$23.35.
The company also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Friday, December 22nd were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Wednesday, December 13th. This represents a $0.08 annualized dividend and a dividend yield of 0.42%. Goldcorp’s dividend payout ratio is currently 10.67%.
In other news, Director De La Vega Blanca Treviño purchased 7,150 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were purchased at an average price of C$13.45 per share, for a total transaction of C$96,167.50. Also, insider Russell David Ball sold 3,000 shares of the firm’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of C$16.91, for a total value of C$50,730.00. In the last 90 days, insiders have sold 6,589 shares of company stock worth $106,887.
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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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