Goldcorp Inc. (TSE:G) (NYSE:GG) – Analysts at Desjardins boosted their Q3 2018 earnings estimates for Goldcorp in a research note issued on Saturday, June 23rd. Desjardins analyst J. Wolfson now forecasts that the company will post earnings of $0.15 per share for the quarter, up from their previous forecast of $0.13. Desjardins also issued estimates for Goldcorp’s Q4 2018 earnings at $0.16 EPS and FY2018 earnings at $0.53 EPS.
G has been the subject of a number of other reports. Canaccord Genuity upgraded shares of Goldcorp from a “hold” rating to a “buy” rating and upped their price target for the company from C$21.50 to C$25.00 in a report on Monday, April 23rd. National Bank Financial reduced their target price on shares of Goldcorp from C$29.00 to C$28.00 and set an “outperform” rating for the company in a research note on Friday, April 27th. One investment analyst has rated the stock with a sell rating, two have given 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$22.08.
G stock opened at C$17.76 on Tuesday. Goldcorp has a 52-week low of C$15.00 and a 52-week high of C$19.32.
Goldcorp (TSE:G) (NYSE:GG) last released its quarterly earnings results on Wednesday, April 25th. The company reported C$0.10 earnings per share (EPS) for the quarter, missing the Zacks’ 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 for the quarter, compared to the consensus estimate of C$1.10 billion.
The business also recently announced a quarterly dividend, which was paid on Friday, June 22nd. Investors of record on Thursday, June 14th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.45%. The ex-dividend date was Wednesday, June 13th.
In other Goldcorp news, insider Patrick James Merrin purchased 8,800 shares of the business’s stock in a transaction on Thursday, May 17th. The stock was purchased at an average price of C$17.29 per share, for a total transaction of C$152,152.00.
Goldcorp Company Profile
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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