Desjardins Comments on Goldcorp Inc.’s Q1 2018 Earnings (G)

Goldcorp Inc. (TSE:G) (NYSE:GG) – Desjardins increased their Q1 2018 earnings per share (EPS) estimates for shares of Goldcorp in a report issued on Monday, April 16th. Desjardins analyst J. Wolfson now expects that the company will post earnings of $0.13 per share for the quarter, up from their previous estimate of $0.11. Desjardins also issued estimates for Goldcorp’s Q2 2018 earnings at $0.14 EPS, Q3 2018 earnings at $0.13 EPS and Q4 2018 earnings at $0.14 EPS.

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G has been the topic of several other reports. National Bank Financial lowered their target price on Goldcorp from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a report on Friday, February 16th. CSFB upgraded Goldcorp from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from C$15.50 to C$19.00 in a report on Tuesday, January 16th. Canaccord Genuity boosted their target price on Goldcorp from C$21.00 to C$21.50 in a report on Friday, January 19th. Finally, BMO Capital Markets set a C$16.00 target price on Goldcorp and gave the stock a “market perform” rating in a report on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of C$21.14.

Shares of Goldcorp stock opened at C$18.24 on Wednesday. Goldcorp has a 1-year low of C$15.00 and a 1-year high of C$20.58.

Goldcorp (TSE:G) (NYSE:GG) last issued its earnings results on Wednesday, February 14th. The company reported C$0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.14 by C($0.01). The company had revenue of C$1.08 billion for 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%.

In other news, Director Raman Randhawa sold 1,734 shares of Goldcorp stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of C$16.29, for a total transaction of C$28,246.86. Also, Director Charles Rex Sartain sold 4,550 shares of Goldcorp stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of C$16.61, for a total transaction of C$75,575.50. In the last ninety days, insiders have sold 54,997 shares of company stock worth $915,988.

The company also recently declared a quarterly dividend, which was paid on Friday, March 23rd. Stockholders of record on Thursday, March 15th were given 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 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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