Goldcorp Inc. (TSE:G) (NYSE:GG) – Research analysts at Desjardins raised their Q4 2017 EPS estimates for Goldcorp in a research note issued on Wednesday. Desjardins analyst J. Wolfson now anticipates that the company will post earnings per share of $0.17 for the quarter, up from their previous estimate of $0.16. Desjardins currently has a “Hold” rating on the stock. Desjardins also issued estimates for Goldcorp’s FY2019 earnings at $0.88 EPS and FY2020 earnings at $0.97 EPS.
Several other equities research analysts have also recently weighed in on G. National Bank Financial upped their target price on Goldcorp from C$24.00 to C$25.00 and gave the stock an “outperform” rating in a report on Wednesday. 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. CSFB upgraded Goldcorp from a “neutral” rating to an “outperform” rating and upped their target price for the stock from C$15.50 to C$19.00 in a report on Tuesday. CIBC cut Goldcorp from a “buy” rating to a “sell” rating in a report on Thursday, November 30th. Finally, Eight Capital reiterated a “buy” rating on shares of Goldcorp in a report on Thursday, November 16th. One 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. The company has an average rating of “Buy” and an average target price of C$21.26.
Goldcorp (TSE:G) (NYSE:GG) last posted its quarterly earnings data on Wednesday, October 25th. The company reported C$0.11 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of C$0.11. Goldcorp had a return on equity of 3.20% and a net margin of 12.82%.
The business also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Friday, December 22nd were given a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend was Wednesday, December 13th. Goldcorp’s payout ratio is 10.67%.
In other news, insider Russell David Ball sold 3,000 shares of the business’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of C$16.91, for a total value of C$50,730.00. Also, Director De La Vega Blanca Treviño purchased 7,150 shares of Goldcorp stock in a transaction dated Friday, November 17th. The stock was bought at an average cost of C$13.45 per share, with a total value of C$96,167.50. Over the last three months, insiders sold 6,589 shares of company stock valued at $106,887.
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.
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