Goldcorp Inc. (G) to Post Q4 2017 Earnings of $0.14 Per Share, Desjardins Forecasts

Goldcorp Inc. (TSE:G) (NYSE:GG) – Desjardins issued their Q4 2017 earnings estimates for shares of Goldcorp in a note issued to investors on Monday. Desjardins analyst J. Wolfson anticipates that the company will post earnings per share of $0.14 for the quarter. Desjardins has a “Hold” rating on the stock. Desjardins also issued estimates for Goldcorp’s Q1 2018 earnings at $0.14 EPS, Q2 2018 earnings at $0.18 EPS, Q3 2018 earnings at $0.18 EPS, Q4 2018 earnings at $0.19 EPS, Q1 2019 earnings at $0.27 EPS, Q2 2019 earnings at $0.27 EPS and Q3 2019 earnings at $0.28 EPS.

A number of other research firms have also recently issued reports on G. National Bank Financial upgraded Goldcorp from a “sector perform” rating to an “outperform” rating and set a C$24.00 target price on the stock in a research report on Thursday, October 26th. J P Morgan Chase & Co lifted their target price on Goldcorp from C$21.00 to C$23.60 in a research report on Wednesday, November 15th. Canaccord Genuity upgraded Goldcorp from a “hold” rating to a “buy” rating and lifted their target price for the company from C$19.50 to C$21.00 in a research report on Friday, September 29th. CIBC cut Goldcorp from a “buy” rating to a “sell” rating in a research report on Thursday, November 30th. Finally, Scotiabank decreased their target price on Goldcorp to C$22.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. Goldcorp presently has a consensus rating of “Buy” and a consensus price target of C$22.35.

Goldcorp (G) opened at C$15.98 on Wednesday. Goldcorp has a 52 week low of C$15.00 and a 52 week high of C$23.35.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 22nd will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.50%. The ex-dividend date is Wednesday, December 13th. Goldcorp’s dividend payout ratio (DPR) is presently 10.39%.

In other Goldcorp news, Director De La Vega Blanca Treviño purchased 7,150 shares of the company’s stock in a transaction on Friday, November 17th. The shares were purchased at an average cost of C$13.45 per share, with a total value of C$96,167.50. Also, insider Russell David Ball sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of C$16.91, for a total value of C$50,730.00. Over the last three months, insiders sold 6,589 shares of company stock worth $106,887.

ILLEGAL ACTIVITY WARNING: “Goldcorp Inc. (G) to Post Q4 2017 Earnings of $0.14 Per Share, Desjardins Forecasts” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The original version of this piece can be viewed at https://ledgergazette.com/2017/12/14/goldcorp-inc-g-to-post-q4-2017-earnings-of-0-14-per-share-desjardins-forecasts.html.

Goldcorp Company Profile

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 and Estimates for Goldcorp (TSE:G)

Receive News & Ratings for Goldcorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldcorp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply