Goldcorp Inc. (TSE:G) (NYSE:GG) has received an average rating of “Buy” from the eleven research firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$22.08.
A number of research analysts recently weighed in on the stock. National Bank Financial lowered their price objective on shares of 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. Canaccord Genuity upgraded shares of Goldcorp from a “hold” rating to a “buy” rating and increased their price objective for the company from C$21.50 to C$25.00 in a research report on Monday, April 23rd.
TSE:G opened at C$18.22 on Monday. Goldcorp has a 52 week low of C$15.00 and a 52 week high of C$19.32.
Goldcorp (TSE:G) (NYSE:GG) last posted its quarterly earnings results on Wednesday, April 25th. The company reported C$0.10 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.14 by C($0.04). Goldcorp had a net margin of 28.37% and a return on equity of 6.90%. The firm had revenue of C$1.07 billion for the quarter, compared to analysts’ expectations of C$1.10 billion.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 22nd. Shareholders of record on Thursday, June 14th were given a $0.02 dividend. The ex-dividend date of this dividend was Wednesday, June 13th. This represents a $0.08 annualized dividend and a yield of 0.44%.
In other Goldcorp news, insider Patrick James Merrin purchased 8,800 shares of the firm’s stock in a transaction on Thursday, May 17th. The shares were acquired at an average cost of C$17.29 per share, for a total transaction of C$152,152.00.
Goldcorp Company Profile
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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