National Bank Financial Equities Analysts Boost Earnings Estimates for Goldcorp Inc. (G)

Goldcorp Inc. (TSE:G) (NYSE:GG) – Stock analysts at National Bank Financial lifted their FY2018 earnings estimates for Goldcorp in a research report issued to clients and investors on Monday, April 9th. National Bank Financial analyst M. Parkin now anticipates that the company will earn $0.44 per share for the year, up from their prior estimate of $0.36. National Bank Financial currently has a “Outperform” rating and a $24.00 target price on the stock. National Bank Financial also issued estimates for Goldcorp’s FY2019 earnings at $1.00 EPS.

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Goldcorp (TSE:G) (NYSE:GG) last issued its quarterly earnings results on Wednesday, February 14th. The company reported C$0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.14 by C($0.01). The firm had revenue of C$1.08 billion during the quarter, compared to analyst estimates of C$1.10 billion. Goldcorp had a return on equity of 6.90% and a net margin of 28.37%.

A number of other brokerages have also issued reports on G. BMO Capital Markets set a C$16.00 price target on Goldcorp and gave the stock a “market perform” rating in a research note on Wednesday, January 17th. CSFB raised Goldcorp from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from C$15.50 to C$19.00 in a research note on Tuesday, January 16th. Finally, Canaccord Genuity lifted their price target on Goldcorp from C$21.00 to C$21.50 in a research note on Friday, January 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. Goldcorp has an average rating of “Buy” and a consensus price target of C$21.14.

Shares of TSE:G opened at C$18.12 on Thursday. Goldcorp has a 1 year low of C$15.00 and a 1 year high of C$20.62.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 23rd. Investors of record on Thursday, March 15th were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $0.08 dividend on an annualized basis and a yield of 0.44%.

In other Goldcorp news, insider Lisa Wade sold 1,533 shares of Goldcorp stock in a transaction on Thursday, March 8th. The stock was sold at an average price of C$16.78, for a total value of C$25,723.74. Also, Director Kenneth Frank Williamson sold 5,000 shares of Goldcorp stock in a transaction on Friday, February 23rd. The shares were sold at an average price of C$16.13, for a total value of C$80,650.00. In the last quarter, insiders have sold 54,997 shares of company stock worth $915,988.

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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.

Earnings History and Estimates for Goldcorp (TSE:G)

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