Goldcorp Inc. (NYSE:GG) (TSE:G) – Analysts at Cormark reduced their Q1 2018 earnings per share (EPS) estimates for shares of Goldcorp in a research report issued to clients and investors on Wednesday, Zacks Investment Research reports. Cormark analyst R. Gray now anticipates that the basic materials company will earn $0.09 per share for the quarter, down from their prior forecast of $0.20. Cormark also issued estimates for Goldcorp’s Q2 2018 earnings at $0.09 EPS, Q3 2018 earnings at $0.09 EPS, Q4 2018 earnings at $0.09 EPS, FY2018 earnings at $0.36 EPS and FY2019 earnings at $0.55 EPS.
A number of other analysts have also commented on GG. Jefferies Group set a $13.00 price target on Goldcorp and gave the stock a “hold” rating in a report on Thursday, October 19th. Royal Bank of Canada set a $15.00 price target on Goldcorp and gave the stock a “hold” rating in a report on Monday, October 23rd. National Bank Financial upgraded Goldcorp from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 26th. Scotiabank lowered their target price on Goldcorp from $18.00 to $17.00 and set an “outperform” rating on the stock in a research note on Monday, October 30th. Finally, JPMorgan Chase & Co. boosted their target price on Goldcorp from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Wednesday, November 15th. Nine research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Goldcorp currently has a consensus rating of “Buy” and an average target price of $17.48.
Shares of Goldcorp (GG) traded down $0.28 during trading on Friday, reaching $12.34. The company had a trading volume of 15,440,000 shares, compared to its average volume of 8,870,000. The company has a market capitalization of $10,720.00, a price-to-earnings ratio of 20.57, a P/E/G ratio of 2.60 and a beta of 0.05. Goldcorp has a 1-year low of $11.64 and a 1-year high of $17.87. The company has a quick ratio of 0.69, a current ratio of 1.00 and a debt-to-equity ratio of 0.17.
Several large investors have recently added to or reduced their stakes in the stock. Kopernik Global Investors LLC raised its stake in shares of Goldcorp by 6.1% during the 4th quarter. Kopernik Global Investors LLC now owns 1,263,580 shares of the basic materials company’s stock valued at $16,136,000 after purchasing an additional 72,275 shares during the period. Baird Financial Group Inc. raised its stake in shares of Goldcorp by 11.9% during the 4th quarter. Baird Financial Group Inc. now owns 740,705 shares of the basic materials company’s stock valued at $9,459,000 after purchasing an additional 78,724 shares during the period. Smith Moore & CO. raised its stake in shares of Goldcorp by 10.9% during the 4th quarter. Smith Moore & CO. now owns 72,910 shares of the basic materials company’s stock valued at $931,000 after purchasing an additional 7,160 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in shares of Goldcorp during the 4th quarter valued at $2,921,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of Goldcorp by 63.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 55,786 shares of the basic materials company’s stock valued at $895,000 after purchasing an additional 21,739 shares during the period. Institutional investors own 53.44% of the company’s stock.
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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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