Jefferies Group Brokers Increase Earnings Estimates for Goldcorp (TSE:G)

Goldcorp (TSE:G) (NYSE:GG) – Investment analysts at Jefferies Group boosted their FY2020 earnings estimates for Goldcorp in a report issued on Tuesday, May 1st, according to Zacks Investment Research. Jefferies Group analyst C. Lafemina now expects that the company will post earnings of $1.05 per share for the year, up from their previous forecast of $1.01.

Goldcorp (TSE:G) (NYSE:GG) last announced its quarterly earnings results on Wednesday, April 25th. The company reported C$0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.14 by C($0.04). Goldcorp had a net margin of 28.37% and a return on equity of 6.90%. The firm had revenue of C$1.07 billion during the quarter, compared to the consensus estimate of C$1.10 billion.

A number of other analysts also recently issued reports on G. National Bank Financial dropped their price objective on shares of Goldcorp from C$29.00 to C$28.00 and set an “outperform” rating for the company in a report on Friday, April 27th. Canaccord Genuity lifted their price objective on shares of Goldcorp from C$21.00 to C$21.50 in a report on Friday, January 19th. CSFB raised shares of Goldcorp from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from C$15.50 to C$19.00 in a report on Tuesday, January 16th. Finally, BMO Capital Markets set a C$16.00 price objective on shares of Goldcorp and gave the stock a “market perform” rating in a report on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of C$22.08.

Shares of Goldcorp opened at C$17.65 on Friday, Marketbeat Ratings reports. Goldcorp has a one year low of C$15.00 and a one year high of C$19.94.

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 value of C$80,650.00. Also, insider Lisa Wade sold 1,533 shares of Goldcorp stock in a transaction on Thursday, March 8th. The stock was sold at an average price of C$16.78, for a total transaction of C$25,723.74. In the last quarter, insiders sold 54,997 shares of company stock worth $915,988.

About Goldcorp

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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Earnings History and Estimates for Goldcorp (TSE:G)

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