Goldcorp (TSE:G) (NYSE:GG) – Equities research analysts at Jefferies Group boosted their FY2020 earnings per share estimates for Goldcorp in a research report issued to clients and investors on Tuesday, May 1st. Jefferies Group analyst C. Lafemina now expects that the company will post earnings of $1.05 per share for the year, up from their prior forecast of $1.01.
Goldcorp (TSE:G) (NYSE:GG) last posted its quarterly earnings results on Wednesday, February 14th. The company reported C$0.13 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.14 by C($0.01). Goldcorp had a net margin of 28.37% and a return on equity of 6.90%. The business had revenue of C$1.08 billion during the quarter, compared to the consensus estimate of C$1.10 billion.
G has been the topic of several other research reports. National Bank Financial lowered their price objective on Goldcorp from C$29.00 to C$28.00 and set an “outperform” rating on the stock in a research report on Friday, April 27th. BMO Capital Markets set a C$16.00 price objective on Goldcorp and gave the stock a “market perform” rating in a research report on Wednesday, January 17th. Canaccord Genuity increased their price objective on Goldcorp from C$21.00 to C$21.50 in a research report on Friday, January 19th. Finally, CSFB upgraded Goldcorp from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from C$15.50 to C$19.00 in a research report on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. Goldcorp has a consensus rating of “Buy” and a consensus price target of C$22.08.
G opened at C$17.35 on Friday. Goldcorp has a 1-year low of C$15.00 and a 1-year high of C$19.94.
In other news, Director David Garofalo sold 37,607 shares of the stock in a transaction on Thursday, March 8th. The stock was sold at an average price of C$16.78, for a total transaction of C$631,045.46. Also, Director Charles Rex Sartain sold 4,550 shares of the 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. Over the last three months, insiders have sold 54,997 shares of company stock worth $915,988.
Goldcorp Inc acquires, explores for, develops, and operates precious metal properties in Canada, the United States, Mexico, and Central and South America. It primarily explores for gold, silver, lead, zinc, and copper deposits. The company's principal producing mining properties include the Éléonore, Musselwhite, Porcupine, and Red Lake mines in Canada; the Peñasquito mine in Mexico; the Cerro Negro mine in Argentina; and the Pueblo Viejo mine in the Dominican Republic.
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