Goldcorp Inc. (G) Forecasted to Earn FY2017 Earnings of $0.52 Per Share

Goldcorp Inc. (TSE:G) (NYSE:GG) – Investment analysts at Cormark dropped their FY2017 earnings estimates for shares of Goldcorp in a report released on Tuesday. Cormark analyst R. Gray now expects that the company will earn $0.52 per share for the year, down from their prior forecast of $0.61. Cormark also issued estimates for Goldcorp’s Q4 2017 earnings at $0.13 EPS, Q1 2019 earnings at $0.15 EPS, Q2 2019 earnings at $0.16 EPS, Q3 2019 earnings at $0.16 EPS, Q4 2019 earnings at $0.16 EPS and FY2019 earnings at $0.63 EPS.

Several other research analysts have also commented on G. National Bank Financial lowered their price target on Goldcorp from C$25.00 to C$24.00 and set an “outperform” rating for the company in a research report on Friday. Canaccord Genuity increased their price objective on Goldcorp from C$21.00 to C$21.50 in a research note on Friday, January 19th. Royal Bank of Canada upgraded Goldcorp from a “sector perform” rating to an “outperform” rating and increased their price objective 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. Finally, CSFB upgraded Goldcorp from a “neutral” rating to an “outperform” rating and increased their price objective for the company from C$15.50 to C$19.00 in a research note on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. Goldcorp has an average rating of “Buy” and an average price target of C$21.14.

Goldcorp (TSE G) opened at C$16.94 on Friday. Goldcorp has a 52-week low of C$15.00 and a 52-week high of C$23.35. The company has a market capitalization of $14,690.00, a price-to-earnings ratio of 17.83 and a beta of -0.39.

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About Goldcorp

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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