Goldcorp (G) to Release Earnings on Wednesday

Goldcorp (TSE:G) (NYSE:GG) will announce its earnings results after the market closes on Wednesday, April 25th. Analysts expect the company to announce earnings of C$0.13 per share for the quarter.

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

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Shares of TSE:G opened at C$18.08 on Tuesday. Goldcorp has a one year low of C$15.00 and a one year high of C$20.23.

In other Goldcorp news, Director Charles Rex Sartain sold 4,550 shares of the stock in a transaction 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. Also, insider Lisa Wade sold 1,533 shares of the stock in a transaction on Thursday, March 8th. The shares were sold at an average price of C$16.78, for a total transaction of C$25,723.74. In the last ninety days, insiders have sold 54,997 shares of company stock worth $915,988.

Several equities analysts recently commented on the stock. National Bank Financial increased their target price on shares of Goldcorp from C$24.00 to C$25.00 and gave the company an “outperform” rating in a report on Wednesday, January 17th. BMO Capital Markets set a C$16.00 target price on shares of Goldcorp and gave the company a “market perform” rating in a report on Wednesday, January 17th. CSFB raised shares of Goldcorp from a “neutral” rating to an “outperform” rating and increased their target price for the company from C$15.50 to C$19.00 in a report on Tuesday, January 16th. Finally, Canaccord Genuity raised shares of Goldcorp from a “hold” rating to a “buy” rating and increased their target price for the company from C$21.50 to C$25.00 in a report on Monday. 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 an average rating of “Buy” and a consensus price target of C$21.58.

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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 for Goldcorp (TSE:G)

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