Goldcorp Inc. (TSE:G) (NYSE:GG) – Equities researchers at Desjardins lifted their Q1 2018 EPS estimates for Goldcorp in a note issued to investors on Monday, April 16th. Desjardins analyst J. Wolfson now forecasts that the company will post earnings per share of $0.13 for the quarter, up from their previous estimate of $0.11. Desjardins also issued estimates for Goldcorp’s Q2 2018 earnings at $0.14 EPS, Q3 2018 earnings at $0.13 EPS and Q4 2018 earnings at $0.14 EPS.
Goldcorp (TSE:G) (NYSE:GG) last issued its quarterly earnings results on Wednesday, February 14th. The company reported C$0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.14 by C($0.01). Goldcorp had a net margin of 28.37% and a return on equity of 6.90%. The business had revenue of C$1.08 billion during the quarter, compared to analysts’ expectations of C$1.10 billion.
A number of other equities research analysts have also weighed in on G. BMO Capital Markets set a C$16.00 price objective on shares of Goldcorp and gave the company a “market perform” rating in a report on Wednesday, January 17th. CSFB upgraded shares of Goldcorp from a “neutral” rating to an “outperform” rating and raised their price objective for the company from C$15.50 to C$19.00 in a report on Tuesday, January 16th. National Bank Financial raised their price objective on shares of Goldcorp from C$24.00 to C$25.00 and gave the company an “outperform” rating in a report on Wednesday, January 17th. Finally, Canaccord Genuity raised their price objective on shares of Goldcorp from C$21.00 to C$21.50 in a report on Friday, January 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of C$21.14.
Shares of G stock opened at C$18.15 on Wednesday. Goldcorp has a 52 week low of C$15.00 and a 52 week high of C$20.58.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 23rd. Stockholders of record on Thursday, March 15th were issued a $0.02 dividend. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.44%.
In related news, Director Kenneth Frank Williamson sold 5,000 shares of Goldcorp stock in a transaction on Friday, February 23rd. The shares were sold at an average price of C$16.13, for a total transaction of C$80,650.00. Also, Director Charles Rex Sartain sold 4,550 shares of Goldcorp stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of C$16.61, for a total transaction of C$75,575.50. Insiders have sold a total of 54,997 shares of company stock worth $915,988 over the last quarter.
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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.
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