Goldcorp Inc. (TSE:G) (NYSE:GG) announced a quarterly dividend on Monday, December 3rd, RTT News reports. Investors of record on Thursday, December 13th will be paid a dividend of 0.02 per share on Friday, December 21st. This represents a $0.08 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend is Wednesday, December 12th.
Shares of Goldcorp stock opened at C$12.62 on Friday. Goldcorp has a one year low of C$11.00 and a one year high of C$19.32. The company has a debt-to-equity ratio of 21.31, a current ratio of 0.83 and a quick ratio of 0.45.
Goldcorp (TSE:G) (NYSE:GG) last issued its earnings results on Wednesday, October 24th. The company reported C($0.10) EPS for the quarter, missing analysts’ consensus estimates of C($0.03) by C($0.07). The company had revenue of C$811.59 million during the quarter, compared to analyst estimates of C$925.94 million. On average, equities research analysts anticipate that Goldcorp will post 0.430000020459953 EPS for the current fiscal year.
In other news, Director David Willis Splett sold 2,454 shares of the company’s stock in a transaction that occurred on Wednesday, October 31st. The stock was sold at an average price of C$11.71, for a total value of C$28,736.34. Also, insider Patrick James Merrin sold 23,967 shares of the company’s stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of C$13.29, for a total value of C$318,521.43. Insiders have sold a total of 34,599 shares of company stock valued at $443,022 over the last three months.
A number of brokerages have commented on G. National Bank Financial decreased their price objective on Goldcorp from C$25.00 to C$20.00 and set an “outperform” rating for the company in a report on Friday, October 26th. Canaccord Genuity decreased their price objective on Goldcorp from C$23.00 to C$21.00 in a report on Thursday, October 18th. Finally, BMO Capital Markets raised Goldcorp from a “market perform” rating to an “outperform” rating in a report on Friday, October 26th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of C$19.00.
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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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