Desjardins Research Analysts Boost Earnings Estimates for Goldcorp Inc. (G)

Goldcorp Inc. (TSE:G) (NYSE:GG) – Analysts at Desjardins lifted their FY2018 earnings estimates for shares of Goldcorp in a research note issued to investors on Monday, April 16th. Desjardins analyst J. Wolfson now forecasts that the company will post earnings per share of $0.53 for the year, up from their previous estimate of $0.44. Desjardins also issued estimates for Goldcorp’s Q1 2019 earnings at $0.19 EPS, Q2 2019 earnings at $0.20 EPS, Q3 2019 earnings at $0.21 EPS, Q4 2019 earnings at $0.21 EPS and FY2019 earnings at $0.82 EPS.

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

A number of other analysts have also weighed in on the stock. National Bank Financial cut their target price on shares of Goldcorp from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a research note on Friday, February 16th. Canaccord Genuity upped their target price on shares of Goldcorp from C$21.00 to C$21.50 in a research note on Friday, January 19th. BMO Capital Markets set a C$16.00 target price on shares of Goldcorp and gave the stock a “market perform” rating in a research note on Wednesday, January 17th. Finally, CSFB upgraded shares of Goldcorp from a “neutral” rating to an “outperform” rating and upped their target price for the stock 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 assigned a hold rating and seven have given a buy rating to the company’s stock. Goldcorp has a consensus rating of “Buy” and a consensus price target of C$21.14.

G stock opened at C$18.15 on Tuesday. Goldcorp has a fifty-two week low of C$15.00 and a fifty-two week high of C$20.58.

In other Goldcorp news, Director Charles Rex Sartain sold 4,550 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of C$16.61, for a total value of C$75,575.50. Also, insider Lisa Wade sold 1,533 shares of the firm’s stock in a transaction on Thursday, March 8th. The shares were sold at an average price of C$16.78, for a total value of C$25,723.74. Over the last ninety days, insiders have sold 54,997 shares of company stock valued at $915,988.

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

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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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